As part of implementing their new digital strategy, the Ipswich is investing in technologies for front end origination as well as performing an upgrade to their Unisys Financial Services System (UFSS) core banking engine.
BEP Systems is set to provide Ipswich Building Society with a major upgrade to the its core lending and servicing solutions based around BEP’sApprivo2 platform as part of the core Unisys Elevat omnichannel banking software platform.
As part of implementing their new digital strategy, the Ipswich is investing in technologies for front end origination as well as performing an upgrade to their Unisys Financial Services System (UFSS) core banking engine.
Working with Unisys, which will continue to act as prime contractor, BEP has been selected to deliver Apprivo2 as the backbone to the new digital services platform that will take over all mortgage origination services and provide a borrower post-completion portal.
All of the Ipswich’s lending types will be configured on the Apprivo2 platform, including standard residential, later life, buy to let, self build, self employed and expat lending.
Chris Little (pictured), managing director of BEP Systems, said: “I’m delighted that BEP have been appointed by Unisys and Ipswich Building Society to deliver a significant upgrade to their mortgage origination and post-completion systems.
"Customising Apprivo2 will support the underwriting process via its agile case-management dashboards and risk-assessment hubs. This will firmly put the Society in control of its operations as it continues to support the on-going growth strategy.”
Ian Brighton, chief operating officer, Ipswich Building Society, added: “To implement our forward-thinking IT strategy, it was vital we partnered with a software company that has proven experience in our sector and a vision of the wider lending market.
"BEP Systems impressed us with their knowledge and their ability to work closely with Unisys to deliver seamless technology solutions for our brokers and customers, allowing us to stay at the forefront of our marketplace for many years to come.”
Boris Maltha, VP, Technology EMEA, said: “BEP Systems were a logical choice for this project due to their expertise in the building society sector and their ability to integrate a variety of complex APIs into a seamless journey for brokers and customers. It’s been a well-managed project that will have immediate benefits for Ipswich Building Society and keep them ahead of their competitors for years to come.”
