The unique mutual ownership style has provided their customers with quality service and reliable products to enable the high degree of home ownership we enjoy today. And whilst that traditional, personal approach is still valuable, the arrival of many other players offering both mortgages and savings means that the Building Societies cannot afford to ignore the march of technology that has enabled those new entrants to compete.
Even for a smaller Building Society technology capability is essential in today’s fast paced, challenging and competitive markets. Moving forward at pace to a digital-first world can be daunting without deep pockets to make and sustain those investments. But with Consectus you can accelerate the adoption of a digital front end without replacing systems of record. Each product can be added incrementally whilst also working collaboratively and seamlessly with the others. This enables the modernisation needed to retain and attract new customers to be rolled out incrementally at a pace determined by market needs, not technology constraints
By offering a range of interconnected, highly functional products designed specifically to the requirements of Building Societies, we can provide better quality, high-end capability and low cost, whilst allowing each Building Society to progress at a pace it can absorb and afford. We recognise that the “rip and replace” approach taken by some of the very large banks is not suitable and so we have created integrations to most of the common back-end systems that support Building Society needs now.
