Skandiabanken, the internet banking arm of Swedish financial services firm – Skandia, as per recent reports this week, has announced the debut launch of its new digital mortgage lending business – LUX, a mortgage lending platform developed by Capgemini.
LUX, the Swedish bank’s new mortgage system, targeting the Swedish markets, aims at providing attractive mortgage offers. LUX will enable Skandiabanken to provide an enhanced customer experience that comes at a reduced operational risk, fewer manual tasks, and an increasingly competitive and flexible origination process.
“Our new LUX digital mortgage lending platform enables our customers to receive faster decisions about their mortgages with increased transparency, at competitive rates. Our work with Capgemini has resulted in a simplified and automated mortgage process that will improve customer experience and enhance customer satisfaction,” states Kristina Tånneryd, Head of Products, Skandiabanken.
Reports are that Capgemini, a French multinational corporation that specializes in consulting, technology, professional, and outsourcing services, designed the LUX mortgage solution using Pegasystems’ Pega Platform, the digital process automation (DPA) and case management platform.
“Pega’s mission is to solve complex business issues such as those Skandiabanken faced. Capgemini’s and Skandiabanken’s use of the Pega Platform to develop their solution is another example of how we can help financial services companies evolve their offerings,” states Magnus Lagerqvist, Sales Director – Nordic Region, Pegasystems.