Sopra Group Solutions UK formerly Tieto Financial Solutions - the market leading provider of mortgage and savings software, today announced that Shawbrook Bank one of the UK's newest specialist savings and lending banks, has
taken the Mortgage and Savings Suite (MSS) into production to manage a key element of its business.
The institution has deployed MSS deposit servicing and the E-Savings module to support its personal and business banking clients' domestic holdings.
In order to better respond to its clients' increasingly sophisticated needs, Shawbrook needed a new system that was able to support both its current and future deposit portfolio and services, as well as providing a scalable platform to support its growing ambitions. This will enable the company to increase its business agility, as well as reduce systems complexity and associated costs.
After considering several vendors, Shawbrook Bank chose Sopra Group based on the functional richness and fit to business requirement of its acclaimed MSS system and the strength of its installed base. Sopra Group's industry leading levels of innovation showed Shawbrook its commitment to product development and support.
Nick McAuliffe, Chief Operating Officer of Shawbrook Bank commented, "During the selection process we were impressed with Sopra Group's capabilities and experience in our sector; they demonstrated the strength of their delivery teams, and backed this up with a hosted delivery model that makes sense for our business. We are delighted by the working relationship that we have created together, and the rapid success of this collaboration. Sopra Group have proven themselves to be flexible in their methods and have provided us with all the support we needed during the implementation process."
Elliot Howard, Director of Sopra Group Solutions UK, added, "We are delighted to add Shawbrook Bank to our growing list of lending and deposit clients. Shawbrook conducted a thorough review process across the deposits software market; we are proud that they selected MSS as best suited to meet their requirements today and into the future. We look forward to growing our relationship and contributing to the bank's future success."