Savings Administration Service
For Financial Institutions seeking to raise substantial volumes of retail deposits for their own balance sheet, YKS can offer:
- Rapid Setup - YKS provides a fully outsourced, managed savings administration service which can be up and running for new clients in just 20 weeks.
Added Value for Your Organisation - YKS offers your customers an excellent experience while providing added value features in a comprehensive and cost-effective package.
The capabilities for product design are extensive including bonds, instant access, joint or single named accounts, monthly or annual interest.
We can add further value by offering support in areas such as product development, acquisition costs, pricing strategies and retention.
- Award-Winning Internet Capability - including branded webpages that provide a paperless and 'signatureless' application process, enabling your customers to make instant deposits by debit card.
- Branded Documentation & E-mails that are issued during the application process and following addition or withdrawals of funds.
- UK Call Centre - plus administration support services on site in Bradford, using mature and tested processes and compliant procedures.
- Experts Who Understand Your Business - YKS is a wholly-owned subsidiary of Yorkshire Building Society - the UK's third largest Society. Our clients can access the Society's key experts who fully understand their business needs and will provide the support necessary to underpin such an important project.
This support covers project launch, management and development, and because the Society has a large, mature and diverse retail deposit book - including internet products - we really do understand the issues faced by entrants to this market.
Security and Compliance - Inevitably, the customer-facing components of the proposition enjoy the highest profile, but it is just as important that the back office features are robust and reliable, compliant and secure.
At YKS we believe it is critical that all processes from risk management, banking and security to disaster recovery and management information are clearly defined.
You can be sure that all these back office functions are currently operational and are overseen by experts.
- Off-The-Peg or Bespoke Solutions - We understand that no two organisations have the same business needs, risk appetite or retail inflow ambitions.
So, while our Standard Package is thoroughly comprehensive and able to satisfy most requirements, we have the flexibility to tailor our package to the individual needs of your organisation.
For further information on all YKS products, or to arrange an initial informal discussion, please telephone 01274 353535 or complete the form in the 'Contact us' section.