Nationwide has teamed with IT firm Unisys to virtualise 500 servers at its data centre in a project expected to save the UK building society over £8 million.
With Christmas just around the corner, many people will be out and about using their credit and debit cards in stores, restaurants or cash machines. But fraudsters are also likely to be active at this time of year.
The UK's Nationwide Building Society has angered customers after withdrawing its OFX download facility, meaning users can no longer automatically update money management software and aggregator Web sites with their account information.
UK consumer group Which? has accused Abbey and Halifax of employing poor online security measures, leaving customers vulnerable to fraud.
In a move to bolster its position to meet regulatory compliance mandates, Nationwide Building Society, one of Britain's largest retail financial services firms has deployed a product from ClusterSeven, an international provider of strategic spreadsheet risk and data management software for financial institutions and Fortune 500 financial reporting divisions.
Unisys, the worldwide technology and solutions company, today announced the successful migration of Nationwide Building Society's cheque processing function. This represents a key milestone in the seven-year business process outsourcing (BPO) engagement that Nationwide awarded to Unisys in December 2007.
Hundreds of people flocked to a Nationwide Building Society cash machine in Manchester yesterday after it started dispensing twice the amount of money requested.
The UK's Nationwide Building Society is implementing technology from Nomis Solutions in a move it says will help it extend credit to more customers by improving the pricing practices of its personal loans business.
As consumers spread their savings to benefit from the £50,000 protection from the Financial Services Compensation Scheme, new research has found that increasing numbers are applying online and there is a huge difference between the services offered by providers.
Visa is to develop a bespoke version of its Better Money Skills financial education Website for the UK's Nationwide, as banks adjust their strategies for an economic downturn and seek to deploy online tools that can help customers suffering financial hardship.
© Finextra Research 2015