News

• Local charitable organisations have new opportunity to benefit from grants of up to £50,000 each
• Grants available to tackle housing issues in local communities
• Application process now open in six regions

• Money will turbocharge efforts to deliver new and exciting services for businesses
• Society to match every pound received over five years to shape the new products and services
• Nationwide will deliver leading branch service while investing in digital solutions
• 7,000 branch colleagues will be trained and a further 400 jobs are to be created

Nationwide Building Society is today announcing that it will invest in Scaled Insights (This link will open in a new window), a company that uses behavioural AI to analyse people’s speech in order to communicate with them in language that is most accessible for them.

Nationwide Building Society is today announcing that it has invested in Ordo, an innovative payment request service launching later this year that connects billers to payers using apps and secure messaging, putting billers and their customers back in control of their payments.

• 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.

• High streets must adapt to involve local communities to create vibrant, thriving meeting places

• Nationwide makes promise that every town and city with a branch will still have one in May 2021
• Promise gives ‘here today, here tomorrow’ stability from a trusted brand investing in branches

• Move forms part of unwavering focus on helping local communities realise potential and improve

• 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

• New Ipsos MORI research¹ commissioned by Nationwide highlights gaps in business banking market
• Four in ten of the UK’s 5.7m microbusinesses (43%) primarily use personal current accounts to bank
• One in five using business banking services feel let down due to branch closures and hikes in fees
• Nationwide commits to shaking-up market with business account built around service and trust
• Kevin Hollinrake MP, Co-Chair, APPG Fair Business Banking: “Nationwide has a wonderful opportunity to become a key player in a market currently dominated by the Big Five”

• Two thirds have a business idea up their sleeve, but only four per cent managed to start own business
• Eight in ten said having a mentor would make a difference to them being their own boss
• But half said they didn’t have anyone they could turn to as a business mentor
• Nationwide launches regional mentoring pilot to support new businesses

• Nationwide today commits to launching business banking proposition that will shake up market
• But £50 million funding from RBS remedies fund would deliver a bigger impact, sooner
• Branches & digital at heart of Society plans with small businesses to be served on their terms
• Society applies for Incentivised Switching Scheme as it looks to maximise impact at launch