News

• FinTechs to partner with Nationwide to create apps that will solve financial capability problems
• Nationwide’s £3m Open Banking for Good challenge set up to help financially squeezed
• Start-ups will be supported by experts from Nationwide, Money Advice Trust, Citizens Advice, The Money Charity, Money and Mental Health Policy Institute, Accenture, Doteveryone and Nesta as well as £3m fund from Nationwide.

• Partnership with 10x Future Technologies enables Society to build innovative digital platform
• Digital offering will be complemented by Society’s unwavering commitment to branches
• Service will evolve to respond to current and future needs of UK’s 5.7 million small businesses

• Investment will fuel technology transformation, including re-platforming of digital assets
• Enhanced spend will see Nationwide invest a total of £4.1 billion over next five years
• Technical transformation will be underpinned by significant operating model changes driven by Agile adoption, DevOps standards and Cloud exploitation
• Society to create up to 1,000 new jobs and open a new UK technology hub
• Core focus of the strategy is to drive UK service leadership through digitisation and multi-channel technology integration across the high street and mobile channel estate
• Innovation agenda includes the creation of a £50m FinTech venture fund and planned launch of Open Banking aggregation services
• Latest in line of major technology investments, including one of the largest SAP Core Banking deployments globally.

Nationwide today announces £4.1bn of investment, of which £1.3bn is incremental to an already ambitious plan, that will ensure Britain’s biggest building Society, and the UK’s second largest mortgage lender, is primed for the next generation of digital innovation.

Nationwide Building Society has today announced its second investment as part of a £50 million Venturing Fund that is designed to create long-term partnerships.

• Nationwide puts weight behind major campaign to improve financial capability
• Open Banking for Good aims to close financial capability gap in the UK
• Forms part of Government’s Inclusive Economy Partnership, announced today
• Nationwide will work with Nesta, Doteveryone, Money Advice Trust and Accenture
• Builds on Nationwide’s social purpose by supporting those who most need it

• Nationwide launches new FinTech fund to support its future technology strategy
• First start-up investment in prop-tech start-up acasa announced
• Start-ups will benefit from direct support from Nationwide to help develop products and services
• Society’s mutual status means focus is on creating new long-term partnerships

• Most trusted brand in financial services to bid for RBS fund to launch a business banking service
• If successful, Nationwide to transform competition where the big five banks dominate 85 per cent of business accounts
• A straightforward current account that prioritises the needs of the UK’s smaller firms who employ one in three people in the UK

• Correction to earlier release - first ATM was unveiled in Enfield and not Canning Town. Please use this version.

• Nationwide releases customer data to mark 50th anniversary of ATMs
• Top ten most used cash machines include three in East London market towns
• ATM usage dips year-on-year due to digital payments but cash still popular