DST Global Solutions’ AWD® scoops UK award

London - 5 November 2010

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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