Cutover start-up passes Nationwide digital banking test
Nationwide Building Society has “successfully” tested UK start-up Cutover’s release management software during digital banking maintenance releases this month.
Cutover’s software provides a platform for teams to plan, rehearse and execute events and gives real-time communications to those involved.
Matt Cox, head of insight and innovation, Nationwide Building Society, says Cutover’s prototype “clearly demonstrated the potential to streamline the complex task of ongoing maintenance of digital banking platforms”.
Cox adds that Nationwide has over 2.9 billion interactions each year and Cutover’s software has the “potential to reduce the customer impact and time of maintenance as well as giving our business greater control and keeping key people fully informed on progress”.
This testing follows a second year of Nationwide’s involvement in Accenture’s FinTech Innovation London Lab, a 12-week accelerator programme for entrepreneurs and banks to look at innovation and new technologies.
Cutover, one of ten finalists in the FinTech Innovation Lab programme, participated in a “speed dating” event, involving short pitches and demonstrations to over 50 Nationwide executives.
Touch and Tech
This year, Nationwide launched a new mobile banking app – and users can now log on using Apple’s Touch ID biometric technology.
In a separate deal, it chose Tech Mahindra, an Indian IT services company, to provide network and infrastructure services in a five-year partnership agreement. The building society’s ambition is to connect its UK retail operations, comprising around 700 branches to more than 15 million customers. It also plans new services in its branches, such as Nationwide NOW videoconferencing, as well as “improving” back-end services for staff.