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Offa, the UK’s leading Islamic property finance fintech, has announced a new round of staff appointments as the business continues to expand its service offering. Sagheer Malik, Group Chief Commercial Officer & Managing Director of Retail Finance at Offa, said: “Offa is experiencing a period of exciting growth, and it’s essential we continue building a…
Finastra, a global leader in financial services software, today unveiled new generative AI (Gen AI) capabilities for its Filogix Expert Pro Canadian mortgage software. Part of Finastra’s continued commitment to embracing Gen AI to help customers deliver value faster, these latest enhancements drive efficiencies – saving brokers time and reducing risk of manual errors. Jonathan Wootten, Head…
Sprive, the UK’s only independent mortgage overpayment app, has successfully closed a £5.5 million funding round led by Ascension, with participation from Channel4Ventures, the broadcaster’s consumer investment arm, Velocity Capital, and Two Magnolias. This investment will supercharge Sprive’s ongoing mission to help homeowners in Britain repay their mortgages faster, helping to reduce household debt just…
by Jerry Mulle, UK Managing Director, Ohpen and Abdul Khan, General Manager, Cognizant One of the key economic trends of the last forty years has been the growth of technology and automation in the workplace. The mortgage market is no exception. As the market has matured and evolved, technology has become the key to injecting…
MetaWealth, a leading tokenised real estate investment platform, announced the listing of Greece’s first tokenised real estate investment. The listing of 12 apartments in the Urban City 44 development empowers individuals to fractionally invest in international-grade real estate in the heart of Athens. Urban City 44, located in central Athens with views of the Acropolis…
New research from core banking SaaS provider, Ohpen, reveals the impact of UK banks’ legacy mortgage systems and processes. Three in ten people (30%) said a better understanding of the process beforehand would have relieved stress during the mortgage application process, as well as fewer delays in the process (37%) and less paperwork (36%). 15%…
Ohpen, the SaaS core banking platform for financial institutions that want to serve customers better, announces that it is extending its partnership with Cognizant to digitalise legacy mortgage processes in Europe, Australia and the United States. According to McKinsey, the residential mortgage market can represent almost 80% of retail credit and 40% of a retail bank’s total credit portfolio…
