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volt selects mortgage processing software

Start-up bank volt will use the IRESS software system MSO for mortgage processing.Volt is the second local customer for MSO. The other neo-bank Xinja is also a customer.IRESS has several MSO customers in the United Kingdom, including TSB Bank, Principality Building Society and Atom Bank, a digital-only neo-bank.IRESS claims that one in four mortgages are processed using MSO in the UK. The company says the software allows for a high level of automation. MSO is cloud based.volt is yet to set a date on any product launches.

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