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Risk Management Industry News for FCA Regulated Businesses

Leeds Building Society replaces spreadsheets with Xactium Risk system

Posted by Serina Gill on Thu, Aug 10, 2017 in Risk Management, Xactium, News, customers

LBS_VERT_CMYK_BLU_CS4-136488-edited.jpgLeeds Building Society has chosen Xactium Risk Management to implement a single integrated Risk management System that meet the needs of all three lines of defence. Xactium will provide Leeds Building Society with greater visibility of risk across the business, increasing agility as well as compliance.

Owned by its members, Leeds Building Society is proud to call itself a mutual. They are the 5th largest building society in the UK and offers a wide variety of savings and mortgage products to help people to save and have the home they want.

Xactium's flexible design will allow Leeds Building Society to configure the platform to meet its specific requirements and easily make changes to these configurations as business requirements change.

Andrew Mellor, Director of Prudential & Enterprise Risk at Leeds Building Society, explains: “We are extremely optimistic about the impact that Risk Manager will have on the way we manage risk across the business and we are eager to witness the benefits of using the system in practice.

Andy Evans, Managing Director, at Xactium says: “I am delighted that Leeds Building Society has selected Xactium to help it move into a new era of risk management and I am confident that the system will be well received by all users, who will instantly reap the benefits of being able to manage their risks and actions in one consolidated place.”

About Leeds Building Society
Leeds Building Society is the 5th largest building society in the UK with more than 140 years of experience. It operates across the UK, Gibraltar and Ireland and has more than 756,000 members and assets of £15.9bn.

With a focus on providing high levels of customer service, Leeds Building Society has won numerous awards, including ‘Best Shared Ownership Mortgage Lender’ (What Mortgage Awards 2016 and 2017) and ‘Best Building Society Savings Provider’ (Moneyfacts Awards 2016 and 2017).

About Xactium

Xactium is a cloud based Risk Management software vendor that is changing the way that Financial Services organisations evaluate and manage their risk.

Our flexible and collaborative platform ensures that organisations such the FCA, Direct Line Group, JLT and Homeserve can stay up to date and respond rapidly to both business and regulatory change.

Our advanced reporting capability provides a centralised, real-time view of all your risks, controls, actions and incidents. Flexible analytics and workflow tools enable timely and accurate information for decision making and rapid response to escalating issues and risks.