Posted on: May 22, 2019

London, UK – May 2019 – Whistlebrook Limited is pleased to announce that Penrith Building Society has chosen Whistlebrook’s Regulatory Reporting product WIRES®.

WIRES® is scalable to meet the reporting requirements of organisations of all sizes and is recognised by both the Financial Conduct Authority and The Bank of England as a means of electronically submitting regulatory returns. The system is available to run in house, hosted or on the Cloud.

Elspeth James, Penrith Building Society’s Finance Director said “The society needed a reliable and cost-effective solution to ensure its regulatory obligations were managed more efficiently. Whistlebrook have a proven track record in the field and we were pleased to utilise the firm’s expertise for our regulatory requirements. The project ran very smoothly, to time and to budget and we are now very pleased to be live on WIRES®.”

Andy Hudders, Whistlebrook Company Director added: “We are delighted that The Penrith Building Society has chosen the Whistlebrook WIRES® system. Penrith and Whistlebrook have now completed a very successful project and we are pleased to welcome the society to the ever-growing WIRES® community.”

About Penrith Building Society

Penrith is a small historic and beautiful town to the north-east of the Lake District. The Society was founded in 1877 as a mutual building society to help local people look after their money and buy their own homes. The Society’s original seal reads “Every Man His Own Landlord”, and they still strive to uphold that principle by providing savings accounts and mortgages for home buyers. These days Penrith Building Society is still attached to its traditional roots as a non-profit organisation to benefit their members and to aim to provide simple good quality products.

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About Whistlebrook

Founded in 1997 Whistlebrook is a leading provider of back office software solutions to the financial services industry. These software solutions have been developed with financial institutions to solve particular business problems, provide business insights and improve efficiency. The software solutions comprise of a portfolio of back office applications that cover such areas as: Regulatory Reporting; Effective Interest Rate calculation; Hedge Accounting, Single Customer View; Funds Transfer Pricing; Treasury Management; Margin Management and Accounting.

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