London, 10 of November, 2020 – Sopra Banking Software (SBS) is pleased to announce the launch of a new digital platform for Kensington Mortgages.
The new software upgrade for Kensington Mortgages has focused on improving the core platform and delivering SBS’s new digital solutions to orchestrate and deliver the on-boarding journeys. The platform is live across Kensington’s entire broker network. The project involved:
• Upgrading the core platform to take advantage of SBS’s highly configurable and agile platform
• Delivering the new digital broker portal
• Delivering integration out to key partners to simplify the end to end mortgage journey through SBS’s marketplace platform
The project has also delivered the framework for future innovations between the companies with the modern API structure.
Mark Arnold, CEO at Kensington Mortgages commented: “We are delighted with the launch of the new platform. We chose Sopra Banking Software because they shared our vision of how the industry needs to evolve and have proved themselves to be an excellent partner for us over many years. The industry is still largely paper based and clunky – so we are both committed to digitising and simplifying processes to allow brokers and underwriters to focus on value added tasks. SBS’s platform, with its modular architecture, gives our team the ability to rapidly configure to support innovative product launches, improved broker experiences and simplified underwriter processes”.
Richard Broadbent, Managing Director at SBS UK mentioned: “It has been a pleasure working with Kensington Mortgages on this exciting project. Kensington are really pushing the change agenda in mortgages and it has been great to work with them as a co-creation partner. The fantastic results achieved are testimony to the way the two teams have worked so well together at all levels.”
About Sopra Banking Software
Sopra Banking Software is the partner of choice for more than 1,500 financial institutions worldwide. The rich variety of our solutions, the strength of our conviction and our passion for innovation enable us to support our clients on a daily basis and in their future projects, as well as in their goals regarding financial inclusion. Our customers, based in over 80 countries around the world, benefit every day from our technologies and software, as well as the expertise of our 5,000 employees. Sopra Banking Software is a subsidiary of the Sopra Steria Group, a European leader in consulting, digital services and software development. With more than 46,000 employees, the Sopra Steria Group generated a turnover of €4.43 billion in 2019.
For more information, follow us on LinkedIn, Twitter & Instagram or visit www.soprabanking.com
About Kensington Mortgage Company
Kensington is the UK’s leading non-bank specialist mortgage lender. Our 25 year heritage in specialist mortgages means that we understand better than most that no two people are the same. We use a combination of data and human insight to look beneath the surface, and unlike mainstream lenders, who all too often rely on what the computer says, we use real people to make our decisions. It’s this ‘’head and heart’’ approach which is the key to what we call the #KensingtonDifference.
With assets under management of over £11billion, Kensington services c£5billion assets for third parties. It originated c£1.4billion of new mortgages in 2019 representing a CAGR of more than 25% over the last four years. Kensington is one of the most frequent issuers of residential mortgage backed securities in the UK with 19 securitisations totalling over £10billion since 2015.
For more information visit kensingtonmortgages.co.uk or join the conversation on LinkedIn @KensingtonMortgages and Twitter @KensingtonChat
Stéphanie Decortiat – +33 6 71 56 43 10 – [email protected]