As digital payments continue to grow, the cost-efficient solution has been designed with resilience and compliance at the core, enabling Nationwide to adapt its operations to meet regulatory changes such as ISO 20022. Based on an account-to-account platform, the Form3 cloud solution connects financial institutions to payments schemes such as Faster Payments and BACS. Building on a decade-long collaboration, Accenture was selected by Nationwide as the strategic delivery partner for its payments modernization program, bringing deep expertise in this space, along with strong cloud engineering and architecture capabilities.
Through a series of phases which launched in 2022, Nationwide will migrate all types of retail payments from an on-premise platform to the Form3 cloud, with a robust process in place to ensure there is no service interruption for its customers.
'The accelerating digitization of payments, coupled with ongoing economic turbulence, is shaping how consumers transact and move their money,' said
About
Nationwide is the world's largest building society as well as one of the largest savings providers and a top-three provider of mortgages in the
About Accenture
Accenture is a leading global professional services company that helps the world's leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services-creating tangible value at speed and scale. We are a talent and innovation led company with 738,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world's leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Accenture Song. These capabilities, together with our culture of shared success and commitment to creating 360-degree value, enable us to help our clients succeed and build trusted, lasting relationships. We measure our success by the 360-degree value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com.
About Form3
Form3 is the account-to-account platform. Founded In 2016, Form3 set out to revolutionize the world of payment processing and disrupt the traditional payment infrastructure model, with an always on, cloud-native, Payments-as-a-Service platform. Today, Form3 is trusted by some of
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Contacts:
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michelle.slade@nationwide.co.uk
Accenture
+44 7546 334 965
alexandra.l.dee@accenture.com
Form3 | Good Advice PR
+49 17682374030
paul@goodadvice.agency
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