DST Global Solutions is celebrating after winning the “Highly Commended” award at this week's prestigious Mortgage Finance Gazette Awards in the “Best Use of Technology” category. The awards recognise the achievements of people and lenders, while identifying the best products from the top providers.
The entry, in collaboration with Kent Reliance Building Society (KRBS), describes the successful implementation of AWD, its business process management application, in the building society. KRBS uses the application to manage its business processes across its offices around the world.
The daily post is scanned and imaged at KRBS' offices in Kent and is then automatically prioritised and routed to KRBS' processing operations in Bangalore and Pune in India. The majority of the routine work is then completed off-shore, but quality review and exception processing is performed in the UK, using the prioritisation and work delivery capability of the AWD application.
Since the implementation of AWD, the management costs for processing mortgage applications at KRBS have dropped from the second highest in the industry at £1.42, down to the second lowest in the industry at £0.39, an improvement of 69%.
John Flynn, Solutions Director for Business Process Solutions, received the award on behalf of DST Global Solutions. He said: “What KRBS and DST Global Solutions have achieved with AWD has revolutionised their operation, and this award is testimony to that success. We are delighted to be recognised in this way and will continue to deliver high quality process management solutions to the financial services industry.”
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DST Global Solutions
With some 16 offices and over 1 100 professionals to support its growing client base, DST Global Solutions provides a unique and comprehensive range of investment management and business process management software solutions and related services to over 400 clients in 45 countries. DST Global Solutions Limited is a wholly owned subsidiary of DST Systems. For further information, please visit our Web site: http://www.dstglobalsolutions.com.
The above information and comments may include forward-looking statements that respect the businesses referenced and their affiliates. Such information and comments are based on views as of today and will not be updated unless required by law. Actual actions or results could differ. A number of factors (including those set forth in the latest DST Systems, Inc. Form 10-K or 10-Q filed with the US Securities and Exchange Commission) could affect future actions or results and should be considered in evaluating any forward-looking comment.
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