Barry Yager, founder and director of financial services technology provider iState Systems, has launched a specialist financial services consultancy called BEP Financial Systems.

BEP helps banks, building societies and investment companies to transform their mortgage and savings processes, saving money, becoming more efficient and providing better customer service both to customers and to intermediaries. Even if a lender is not undergoing a full-scale change, BEP helps them to re-evaluate their processes and refine them to become more efficient and cost effective.

BEP Financial Systems helps lenders, savings providers and investment companies with strategic planning and assists with the implementation of new technology. It also project manages the change process so the business can better cope and thrive as a result of implementing any new technology.

BEP has already worked with a large Spanish Bank on its German mortgage operation as well as two other UK based lenders, but is now rolling out its proposition to the wider market.

The BEP management team, headed by Barry Yager of iState Systems has many years of financial services experience and has worked across all the main lending and savings platforms so has real, in-depth knowledge of the lending and savings markets and of the challenges facing lenders, savings providers and investment companies.

Keith Longmuir, Managing Director of BEP Financial Systems says, “The pace of technological change is increasing all the time. Banks and building societies know that they need to embrace new technology to stay competitive but it can be hard to identify exactly what technology you need or to know how to implement it effectively when you are running such a large organisation.

“BEP Financial Systems helps banks and building societies to do that and do it successfully. We help to identify their needs, define the business requirements, identify the best solutions and assist or project manage the implementation in a controlled way that ensures it is successful and any change happens within the time scale allowed and within a defined budget. There are too many horror stories of new banking systems being put in place that go horribly over budget, take years longer than planned or which don’t achieve what the bank originally wanted them to. We make sure that doesn’t happen and that any new system is put in successfully, to time and to budget.

“We have already carried out a number of highly successful projects over the last year so now is time to roll out BEP to the rest of the market.”

About BEP
BEP Financial Systems was founded in 2012 in order to assist organisations streamline lending processes in order to become more efficient and gain market share.

BEP Financial Systems specialises in the lending, savings and investment markets. It works with financial services companies to provide:
• A clear definition of a businesses’ technological requirements
• Strategic planning
• Programme and project management
• Business Analysis
• Software implementation
• Broker channel support