Parseq, the financial services outsourcing and mobile banking group, announced a contract win to build and host the mortgage industry's first white-labeled online self-service platform for mortgage account holders. The direct customer is Homeloan Management Ltd (HML).

HML manages around £43 bilion worth of mortgage assets for 45 clients across the UK, and handles customer enquiries on behalf of its clients for nearly 400,000 live mortgage accounts. The new platform will enable HML to deliver a mortgage management tool and the company has already secured its first user for the self-service platform, Amber Homeloans.

Parseq have recently received an increase in enquiries from the financial services sector seeking to use the online channel for more than just core banking products.

The PSQ share price has decreased by 5% over the last year.

Parseq Plc is currently graded b by LCF Research. To learn more, follow this link.

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