BT’s upgrade of Nationwide Building Society’s network infrastructure creates a platform for continued digital transformation
BT today announced that it has won a six-year contract with Nationwide, the world’s largest building society, to continue to provide the network infrastructure underpinning its digital transformation strategy.
The new infrastructure will allow the building society to introduce the latest customer-facing and back office technologies, boosting efficiency and affirming its position as a market leader in customer experience.
Digital technologies and changing customer behaviour are transforming the retail financial services sector. Having rolled out their online and mobile banking apps, banks and building societies now need IT infrastructures that enable them to exploit digital technologies in the branch, benefitting both customers and staff.
Nationwide’s new network, which builds on the existing network delivered by BT, will connect its entire UK retail banking operations, spanning around 700 branches as well its head office, regional administration centres and contact centres. It will support applications and services delivered to over 15 million Nationwide customers and 17,000 employees reliably and around the clock.
Debra Bailey, Nationwide’s chief information officer, said: “Run for the benefit of our members, Nationwide continually invests to improve the products and services we offer. For our customers, that means innovation not only in compelling new offers but also in the way that we deliver them. Our latest investment with BT provides us with a great network platform to support our digital banking strategy. It gives us the agility to innovate as well as the reliability and security to confidently deliver our digital services. A reliable network infrastructure with ‘always on’ service levels is a core component of our digital transformation strategy and will help ensure that we continue to offer market leading customer satisfaction.”
The contract builds on BT’s long-standing relationship with Nationwide. BT has been providing IT and communication services to the building society for several decades. The new agreement takes this relationship into the next decade and expands the scope of services BT delivers to Nationwide.
Ashish Gupta, president, UK corporate and global banking & financial markets, BT Global Services, said: “Today, every business is a digital business. Because of this, organisations like Nationwide are looking for network providers with the skills, in-depth financial sector expertise and resources to create cost-effective IT ecosystems on which to build their future business growth strategies.
“The renewal and growth of our relationship with Nationwide shows the strength and depth of BT’s expertise and builds on our recent successes in the financial markets and insurance sectors. We look forward to working with Nationwide, helping it to implement its digital transformation strategy.”
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Nationwide is the world's largest building society as well as one of the largest savings providers and a top-three provider of mortgages in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 15 million customers.
Customers can manage their finances in a branch, via the mobile app, on the telephone, internet and post. The Society has around 17,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK.
BT’s purpose is to use the power of communications to make a better world. It is one of the world’s leading providers of communications services and solutions, serving customers in more than 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move; broadband, TV and internet products and services; and converged fixed/mobile products and services. BT consists principally of five customer-facing lines of business: BT Global Services, BT Business, BT Consumer, BT Wholesale and Openreach.
For the year ended 31 March 2015, BT Group’s reported revenue was £17,979m with reported profit before taxation of £2,645m.
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York.
For more information, visit www.btplc.com