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Building society Principality overhauls IT
News It means an operator will be able to get an instant decision for a potential mortgage customer because they know an underwriter is available in headquarters to make that approval. Sign up for the FS... [10 Feb 2009]
Why banks will push ahead with offshoring
Comment Organisations such as HSBC and Morgan Stanley set up captive shared service centres in locations such as Mumbai and Chennai for the provision of predominantly IT and transactional back-office functions including... [10 Feb 2009]
Nottingham Building Society revamps mortgage applications
Case Study Nottingham Building Society has replaced legacy systems with a new mortgage application supplied by Finnish software specialist Tieto. The new system, which went live in September, will automate much of the... [17 Dec 2008]
Building soc buys Experian mortgage engine
News Stroud and Swindon Building Society (SSBS) has signed a contract to implement a mortgage sales and originations system from an Experian company, N4 Solutions.silicon.com Financial Services The system will provide the... [10 Jun 2008]
Bradford & Bingley gets Oracle HR system
News Mortgage and savings specialist Bradford & Bingley has implemented an Oracle staff management system to streamline HR processes.silicon.com Financial Services Sign up for the FS newsletter today! Get... [20 May 2008]
Banking slowdown will bite IT spending
News In a statement, PwC UK banking advisory leader Andrew Gray said: "Despite market conditions, and a mortgage demand slowdown, building societies remain quietly confident in their ability to fund and manage their business. [31 Mar 2008]
Fixed-income electronic trading faces bleak 2008
Comment Major dealers will have already reduced the scale of capital they allocate to fixed-income trading, generally as a result of losses and write-downs on mortgage-backed securities, or at least until they re-evaluate or... [30 Jan 2008]
Mortgage lender banks on finance software
News Irish mortgage lender OneLife has implemented an accounting system from CODA Group that will give executives a better view of costs.silicon.com Financial Services Sign up for the FS newsletter today! [16 Aug 2007]
Insurer integrates four data centres
News Paymentshield trades with 30,000 intermediaries to deliver products such as home insurance and mortgage protection. Sign up for the FS newsletter today! Consumer insurance company Paymentshield has... [09 Aug 2007]
Co-op Bank extends mortgage tech deal
News The Co-operative Bank has extended a deal with mortgage systems company TietoEnator (TE) for a further five years. TE has provided Co-op Bank with a managed software support service since it entered the UK... [27 Apr 2007]
Mobile banking rings the changes
News I think the areas that will go offshore are the back office functions for payments, consumer credit applications and mortgage processing. Sign up for the FS newsletter today! More mobile banking options... [05 Apr 2007]
Database glitch delays salary payments
News If people exceed overdraft limits due to the delay, they will not be charged while missed mortgage repayments will be covered by the banks. Sign up for the FS newsletter today! Up to 400,000 workers... [30 Mar 2007]
UK outsourcing gets banking boost
News With some investment banks beginning to offer financial outsourcing services and others providing mortgage lending, Pierre Audoin Consultants (PAC) is predicting this will drive outsourcing growth. In addition,... [26 Feb 2007]
