Swansea implements Sopra banking’s MSS

LONDON, UK: Sopra Banking Software, a world leader in banking software solutions and services, has announced that Swansea Building Society, one of its longest-standing customers, has implemented the latest version of Sopra Banking's MSS. It embraced the new version, gaining access to the very latest features and new-product templates.

Swansea Building Society is a hugely successful financial services organisation. Despite being one of the smallest building societies in the UK, exclusively serving customers within a 60-mile radius of its head office, it manages assets worth over £200 million and has consistently delivered a strong financial performance throughout even the worst economic conditions of recent years.

Key to this performance is the Society's dexterity in launching new products, and adapting its offers to match current market conditions. For this it relies on MSS, which provides end-to-end automation of core banking processes. The software manages everything from product creation and promotion to customer application processing and account management. Swansea BS has been a committed user of the Sopra Banking platform for more than 25 years.

Neil Rosser, deputy chief executive at Swansea BS, explains: "I am a big fan of Sopra Banking. They've always been way ahead of equivalent software providers. One of the main benefits is innovation. Sopra Banking has about 50% of the building society market and a strong user group which means its products are at the forefront of development, driven by the latest requests of the big building societies. So, whatever move we might want to make next, we know that the functionality will already be there to support it."