Nationwide commits to SAPs SOA solution for future strategy
Nationwide has selected the SOA-based SAP for Banking solution as its new technology platform. The building society, which claims to be the world's largest, will implement the new software as part of a £300m business transformation of its banking, savings and mortgage business.
Nationwide will lead a group of strategic partners that includes SAP, IBM, Capgemini, KPMG, IFB, and a number of existing technology partners who provide key services and support to the Society. As part of the programme - named Voyager - SAP for Banking will be integrated into the Society by 2012.
The first phase of the programme will focus on current accounts, with subsequent phases supporting savings, mortgages and branch systems.
"The financial services sector is evolving and for Nationwide to continue to stand out from competitors and meet tomorrow's business challenges, we must ensure that we have the right technology in place to support our growth strategies," said Nationwide divisional director, business systems transformation, Darin Brumby (pictured).
The Nationwide has 13 million members and assets of over £160bn. The Society has around 19,000 employees, with its head office in Swindon and administration centres based in Northampton and Bournemouth.
Image: Nationwide's Darin Brumby believes the building society must have the right technology in place to support its growth strategies
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