10x and Iress partner to streamline lending for banks, building societies

By Gloria Methri

10x Banking, the transformational cloud-native core bank operating system, and Iress, the company behind MSO, the mortgage sales and origination software, have joined forces to bring the collective power of their platforms to UK lenders.

The partnership will enable lenders to seamlessly connect MSO with SuperCore®, 10x’s next-generation core banking platform, enabling a greatly improved customer experience. This includes faster decisioning, a fully digital onboarding experience with real-time updates, and digitally native mortgage servicing.

It also removes manual data entry for lenders during product creation and account opening, which can be a major operational burden that’s prone to error. Through this integration and the modern, cloud-native technology that underpins it, lenders will benefit from streamlined data exchange and real-time mortgage servicing.

As a result, banks and building societies can complete mortgages faster, provide better customer care for the full lifecycle, and make the lending process simpler and more efficient.

Frankie Woodhead, VP of Retail and SME Banking at 10x said, “The partnership represents a significant milestone in our relationship with Iress for the UK mortgage market. Together, we are enabling mortgage institutions in the UK to seamlessly leverage both platforms. This integration will accelerate digital transformation efforts, driving innovation and unlocking new growth opportunities for our clients in the UK mortgage industry.”

Andrew Simon, CEO of Mortgages at Iress said “We are thrilled to collaborate with 10x Banking to provide seamless integration for UK mortgage institutions. By combining the strengths of MSO and SuperCore, we will empower mortgage institutions in the UK to unlock new levels of operational efficiency and deliver exceptional customer experiences. In an ever-changing landscape, efficient and secure integration between systems is paramount, especially in the mortgage industry.”