Tagged: nationwide

UK’s Nationwide Building Society Introduces Cloud Native Speed Layer for Quickly Launching New Products and Services

The UK’s Nationwide Building Society (NBS), a British mutual financial institution, the seventh largest cooperative financial institution and the world’s largest building society with 15 million members, has introduced a cloud-native Speed Layer so that it can quickly launch new products and services. Headquartered in… Read More

UK’s Nationwide Updates AI-enhanced Digital Assistant Arti to Answer Numerous Queries During COVID-19 Crisis

The UK’s Nationwide Building Society has prepared its virtual assistant Arti to answer common COVID-19 mortgage holiday questions from the country’s residents. Nationwide’s team of mortgage, technology, and artificial intelligence (AI) professionals have been working on an initiative that involves developing, testing, and launching a… Read More

Nationwide Halts Plans to Offer Business Banking Services, Returns £50 Million in Bail Out Funds to RBS, Following COVID-19 Outbreak

Nationwide has halted its plans to offer business banking services, and has reportedly returned £50 million in Royal Bank of Scotland (RBS) bailout funds to the Banking Competition Remedies Board. In May 2019, Nationwide received a £50 million grant from the RBS bailout fund, in… Read More

Nationwide Announces Investment in Business Management Platform BankiFi

Nationwide announced on Tuesday it is investing in BankiFi, which is a business banking technology provider that uses open banking to provide a suite of business microservices which plug into banking infrastructure through APIs. Founded in 2018, BankiFi revealed it offers financial institutions a consent… Read More

Nationwide Announces New Partnership With BlueVine

Nationwide announced on Thursday it has teamed up with online small business lender BlueVine to offer the fintech’s financing to small businesses through Nationwide’s Business Solution Center. According to Nationwide, small businesses may have access to the online lending platform by applying through the BlueVine… Read More

UK Building Society Nationwide Announces £50 Million Fintech Venture Fund

Nationwide, a UK-based building society, announced on Wednesday the launch of its new £50 million fintech venture fund to support its future technology strategy. The company reported it is prioritizing new partnerships that deliver benefits to members over profit alone, as it challenges startups to… Read More

Fintech Sandbox: Financial Conduct Authority Provides Update on Participants

The UK Financial Conduct Authority (FCA) has just released an update on their regulatory Sandbox created to help aspiring Fintech firms to navigate the labyrinth of financial services rules. The trailblazing project, which has been replicated around the world, kicked off in 2014 and the… Read More

SURE Thing: US Insurtech Startup Dials Up $8M in IA Capital-Led Series A Funding Round

SURE, an insurtech startup that offers on-demand personal insurance via an app, has closed an $8 million Series A funding round led by with participation from Menlo Ventures, FF Venture Capital, Nationwide Ventures, Assurant and AmTrust. The NYC and LA-based company also launched a Smartphone… Read More

Insurtech Company Next Insurance Secures $29 Million During Series A Funding Round

Next Insurance, an insurtech company that specializes in small to medium businesses, announced on Wednesday it secured $29 million during its Series A funding round, which was led by Munich Re/HSB Ventures with participation from  Markel, Nationwide, and other existing investors.  Next Insurance explained that… Read More

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