WIS Accountancy launches MortgagX AI-driven platform

• Announces major job expansion

WIS team (from left) WIS Cofounder and Director Wijay Kanagasundaram, WIS Director Suneth Silva and Founder and Managing Director Ifthikar Mohamed  

WIS Accountancy, a leading provider of digital accountancy, bookkeeping, tax and business advisory services in the UK, is expanding operations in both the UK and Sri Lanka and this year, WIS Accountancy launched a revolutionary mortgage platform called MortgagX in the UK, which leverages artificial intelligence (AI) to transform the mortgage journey for customers, advisors and lenders.

This cutting-edge development is predominantly managed offshore in Colombo and India, where its talented team creates tools to make the mortgage process efficient, secure and user-friendly, redefining the future of mortgages. In a significant development in the UK, the WIS group has also launched Collective Legal Surrey, a new service venture into the legal sphere, specifically focusing on conveyancing. 

Having been a household name in financial services for 15 years, the company is now integrating conveyancing services with its mortgage offerings through WIS Mortgages. Its strategic partnership with Homey, a state-of-the-art referral platform specialising in conveyancing, ensures seamless and efficient handling of conveyancing services.

To support these initiatives, WIS is establishing an academy for finance, banking and legal studies in Sri Lanka. This is a unique concept, rarely undertaken by companies and represents a significant opportunity for Sri Lankans who will be trained from scratch to become professionals. The academy will provide scholarships and promote British qualifications, contributing to the professional growth of its employees and enhancing the overall quality of the workforce in Sri Lanka.

Additionally, the WIS group is expanding further by partnering with a UK-based bank to outsource its underwriting function to Colombo. This partnership is expected to open up job opportunities for 250 staff in the banking sector, including senior level roles in credit and bank underwriting.

To keep abreast of staffing requirements for such expansion, the company has announced new opportunities for school leavers, university graduates and soon-to-be graduates eager to begin their careers in accountancy and finance. Positions such as management trainee and underwriter will be available, allowing candidates to work in the UK financial sector from its Sri Lankan office. Successful candidates will receive scholarship schemes to pursue qualifications like ACCA, CIMA or CeMAP., along with job opportunities and will be trained from the ground up to become professionals in the field.

This initiative will have a significant positive impact on the Sri Lankan economy and workforce. The creation of 250 job opportunities will provide employment locally while fostering a professional culture and promote skill development in the finance and banking sectors. Additionally, its collaboration with legal UK firms will generate further job opportunities for those involved in legal work, bringing the much-needed foreign investment and foreign exchange revenue to Sri Lanka’s recovering economy.

WIS Accountancy is part of the one-stop finance shop, WIS Group of Companies, which also comprises WIS Umbrella, WIS Mortgages and Insurance and WIS Wealth.