This digital platform is being built using Mambu’s cloud-native lending engine, which will provide the loans, savings and current account records, plus the interest rate calculation routines.

Mutual Vision says the new platform has been designed to offer an “omnichannel experience”, advanced analytics, easy navigation, enhanced user-experience, dynamic workflows, and succinct data views.

Mutual Vision’s business development director David Bennett says: “It’s a new digital solution for the specialist lending sector that will create a competitive advantage for lenders, increasing efficiencies with enhanced capabilities for savings and loan functions.” He adds that the platform will offer “increased scalability and resilience, frictionless connectivity, and world-class customer experience”, when compared to existing products in the market. 

The first version of this new platform will be launched at the Building Societies Association conference in Manchester in May. 

Mutual Vision employs 90 people and is headquartered in Wilmslow, Cheshire. It was established in 2001 by a group of building societies  and is still owned by six mutuals. It has focused on providing banking technology to building societies, working for 23 of the 43 mutuals in the UK.