Nationwide have selected AutoRek to provide market-leading, cloud-based financial controls and data management platform for an initial period of three years with the option of a two-year extension.

During a competitive tender process AutoRek demonstrated that the platform has the functionality to deal with a number of reconciliation and attestation challenges. The project will be implemented in a multi-phase approach and will include Mortgages, ATMs, Payments, Cards & Substantiation.

Gordon McHarg, AutoRek’s Managing Director, commented; “I am really pleased to welcome an organisation of Nationwide’s calibre to our list of clients. We are looking forward to building a good working relationship with the team and providing them with our experience in helping leading financial services firms better understand their transactional data. This is a landmark deal for AutoRek and the result of an extraordinary team effort on both sides”

Ian Williams, Director of Financial Control & Operations at Nationwide Building Society, added; “After a thorough tender process, we were impressed with the quality of the AutoRek tool, it’s speed, adaptability and robustness. We noted that with its cloud functionality that we could face into future with confidence on scale and volume.”