The approach allows Vernon to modernise without replacing its core infrastructure

Vernon Building Society has partnered with FintechOS to enhance its digital mortgage journey, investing in a unified platform designed to streamline the full lending lifecycle.

The new platform, powered by FintechOS 8, will sit above the society’s existing core systems and cover the entire mortgage process, from initial enquiry and Decision in Principle (DIP) through to underwriting, offer, completion, product switches and further advances.

The approach allows Vernon to modernise without replacing its core infrastructure.

The FintechOS solution introduces a unified product pricing and origination layer, enabling Vernon to configure lending criteria, pricing and workflows within a single system.

It also incorporates AI-enabled capabilities to support faster product development, improved compliance and more consistent decision-making.

Teo Blidarus, chief executive officer and founder at FintechOS, said: The real cost of legacy technology isn’t only what it takes to maintain, it’s the opportunity cost: products you can’t launch, policy changes you can’t implement quickly, and experiences you can’t deliver.

Forward-thinking building societies like the Vernon are choosing a pragmatic modernisation path: modernise above the core, unify product and pricing logic with origination execution, and move faster without the risk and disruption of full system replacement, he said.

He said: Their leadership recognises that the institutions willing to move first will shape the next era of UK lending, and we’re proud to be the platform powering that ambition.

The platform also introduces FintechOS Dex, an AI copilot designed to support users across the mortgage lifecycle.

Darren Ditchburn, chief executive officer at Vernon Building Society, said: This is an important step forward for the Vernon.

He said: Our partnership with FintechOS gives us a modern, flexible mortgage platform that will significantly improve the experience for our members, brokers and colleagues.