Latest Woolwich News: Finextra Research

Document outsourcing saves Woolwich £2 million a year

Barclays Bank subsidiary The Woolwich claims it is saving £2 million a year by outsourcing its document-based customer communications to edotech.

24 September 2003

/retail

Christmas shoppers withdraw £1.1 billion from Barclays ATMs

Consumers withdrew over £1.1 billion from just under 4000 Barclays and Woolwich ATMs in the run up to Christmas, a fall of around eight per cent on 2001.

02 January 2003

/retail

Barclays outsources life and pensions back office to Liberata

Liberata, a provider of outsourcing services to the UK life and pensions industry, has won an 'evergreen' contract with Barclays Life and Woolwich Life to manage 1.4 million policies.

06 November 2002

/retail

Barclays invests £50 million in Open Plan banking

Barclays has begun the roll out of Open Plan, an integrated banking service inherited from its acquisition of the Woolwich, which enables customers to combine their current account, savings and mortgage. The UK bank has set a target of attracting 500,000 customers to the new account by the end of next year.

25 September 2001

/retail

The Woolwich connects with MobileFuture for fast WAP

UK-based wireless Internet service provider MobileFuture has signed a three year agreement to provide a managed modem service for The Woolwich's Open Plan WAP banking service.

29 June 2001

/wealth

Barclays sets out wealth management stall

Barclays Bank is to consolidate its disparate private client business operations into a single international wealth management unit. The new service will take advantage of the Open Plan concept developed by Barclays' Woolwich subsidiary, which invites customers to pool their assets so that debits and credits may be offset across multiple accounts.

25 June 2001

/retail

Woolwich switches on digital TV channel

The Woolwich has switched on its interactive digital television service via Open on Sky Digital.

11 September 2000

/retail

Woolwich delivers Open Plan service to AXA Internet portal

The Woolwich is to provide its Open Plan integrated banking service via the Internet portal of French financial services group AXA. The combined offering will feature banking services from The Woolwich, including current account, savings, credit cards and lending products, integrated with investment and insurance products provided by AXA.

02 August 2000

Latest news