Nationwide selects SAP for Banking solutions in £300m transformation programme to support growth   31st March 2008 Nationwide, the world's largest building society, says it has selected the SAP for Banking solution portfolio as its new technology platform.  The Society will implement the new software as part of a £300 million business transformation to provide increased benefits to its customers.  By doing so, Nationwide will become the first financial services provider in the UK to adopt the newest version of SAP for Banking, which it will use to service its growing Banking, Savings and Mortgage business. Nationwide expects the implementation of SAP for Banking to be complete by 2012.  The first phase of the programme will focus on current accounts, with subsequent phases supporting savings, mortgages and branch systems.  Nationwide is seeking major business advantages from its work with SAP, including improved operational efficiency, streamlining of its administrative processes, reduced operating costs and increased product agility. Darin Brumby, the Nationwide director responsible for overseeing the systems implementation and project delivery said: “The financial services sector is rapidly evolving and, in order for Nationwide to continue to stand out from competitors and meet tomorrow's business challenges, we must ensure we have the right technology in place to support our growth strategies. SAP for Banking will give us the flexibility to adapt and respond to unseen future changes and advancements in the industry.  Not only will it enhance our speed to market with products, it will also improve the overall customer experience with the Society while reducing costs.”
About Us Privacy Policy Contact Us Copyright © 2007 FSN Publishing Limited. All Rights Reserved. Use of this website signifies your agreement to the Terms of Use.