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Cloud makes inroads into UK mid-tier as Leeds Building Society joins HP alliance

Leeds Building Society will shift its savings and lending business onto a hosted HP platform

Leeds Building Society has joined the shared services alliance founded by HP Enterprise Services and the Yorkshire Building Society in September, in a deal that will see the society move its core application for mortgages and savings to the cloud. The deal also marks a growing recognition among the UK’s mid-tier institutions of the power of cloud to help them move with the times.

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Yorkshire Building Society (YBS) this week announced a shared services alliance that will see the building society’s core mortgage and savings application shift to the cloud, a move which HP Enterprise Services’ vice president of the financial services industry Jeremy Suddards said will become increasingly popular in the financial services sector moving forward.