Saffron Building Society swaps Sopra’s MSS for DPR Consulting’s new core banking system
EXCLUSIVE: UK-based Saffron Building Society is modernising its technology with DPR Consulting, Banking Technology understands. On the way out is the legacy MSS core processing solution, supplied by Sopra Banking Software.
DPR is already supplying its front-end lendtech to Saffron Building Society. The technology is now being extended to support all main back office functions of the building society’s savings and mortgages business lines.
This is a new core banking system, developed by DPR a few years ago, and Saffron Building Society is among its first takers.
Others include Cambridge Building Society and two start-up banks, Masthaven Bank and Redwood Bank.
Saffron Building Society has its history dating back to the mid 1800s. It is a regional player with branches throughout the England counties of Essex, Hertfordshire and Suffolk. It has over £1 billion in assets and targets consumers and businesses. Its products comprise savings, financial advice, loans, mortgages and insurance.
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