Nationwide to deliver new digital banking channel with OutSystems

OutSystems, the low-code application development vendor, has announced today that the leading financial institution Nationwide is using its low-code platform to develop a new digital business savings service; as Nationwide looks to transform how it interacts with its business savings customers.

Nationwide Building Society is the largest building society in the world, with over 15 million members. Headquartered in Swindon, Wiltshire, it has over 19,000 employees and the organisation is heavily invested in delivering new fintech solutions and supporting its business customers, as it digitally transforms the business. Nationwide provides business savings products for the SME market, including limited companies, charities, and the public sector, through its wide range of instant access, notice, and fixed-term business savings accounts.

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“Our focus over the past 130 years has always been about delivering legendary services to our members,” said Darren Bailey, head of product management at Nationwide. “As such, we were keen to continue to deliver innovative digital services that enable our business customers to quickly access the information they need at their fingertips. The OutSystems low-code application development platform will enable us to do this.”

“OutSystems is fantastic for the speed with which an application can be released, which gives us the flexibility to react to changing customer requirements, remaining agile as a business,” said Bailey.

Development work is well underway and the new digital business banking savings service is expected to launch in early 2020.

“We are delighted to help Nationwide Building Society on its digital transformation journey, enabling the delivery of web and mobile digital banking capabilities at unprecedented speed,” added Garry Larner, regional director financial services & insurance, OutSystems. “This is a major step forward for Nationwide Business Savings in empowering its customers.”

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Andrew Ross

As a reporter with Information Age, Andrew Ross writes articles for technology leaders; helping them manage business critical issues both for today and in the future