{"id":615545,"date":"2023-03-08T08:49:42","date_gmt":"2023-03-08T14:49:42","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/03\/08\/nationwide-goes-cloud-native-to-transform-payments\/"},"modified":"2023-03-08T08:49:42","modified_gmt":"2023-03-08T14:49:42","slug":"nationwide-goes-cloud-native-to-transform-payments","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/03\/08\/nationwide-goes-cloud-native-to-transform-payments\/","title":{"rendered":"Nationwide goes cloud native to transform payments"},"content":{"rendered":"<div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.computerweekly.com\/visuals\/ComputerWeekly\/Hero Images\/mobile-payment-smartwatch-Anastassiya-adobe_searchsitetablet_520X173.jpg\" data-credit=\"Anastassiya  - stock.adobe.com\"  width=\"520\" height=\"173\" alt><\/p>\n<p>Anastassiya  &#8211; stock.adobe.com<\/p>\n<\/p><\/div>\n<div id=\"content-header\">\n<h2>Nationwide Building Society is moving retail payments from on-premise systems to a cloud-native platform<\/h2>\n<\/div>\n<div id=\"content-center\">\n<ul>\n<li><i data-icon=\"1\"><\/i><\/li>\n<li><i data-icon=\"2\"><\/i><\/li>\n<\/ul>\n<div id=\"contributors-block\">\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Karl-Flinders-profile-pic-2022-140x180px.jpg\" alt=\"Karl Flinders\">\n\t\t\t\t\t<\/p>\n<p><span>By<\/span><\/p>\n<ul>\n<li>\n\t\t\t\t\t<a href=\"https:\/\/www.techtarget.com\/contributor\/Karl-Flinders\">Karl Flinders,<\/a><br \/>\n\t\t\t\t\t\t<span>Chief reporter and senior editor EMEA<\/span>\n\t\t\t\t\t\t<\/li>\n<\/ul>\n<p>\n\tPublished: <span>07 Mar 2023 13:47<\/span>\n<\/p>\n<\/div>\n<section id=\"content-body\">\n<p>Nationwide Building Society has recruited Accenture to support its move to a cloud-native payments platform as real-time digital payment volumes rise.<\/p>\n<p>Accenture is working alongside Nationwide and account-to-account payments platform provider Form3 to move all retail payments from on-premise systems to the Form3 platform.<\/p>\n<p>The project, which began last year, will be completed in a series of phases, with Accenture supplying cloud engineering and architecture expertise. Once on the platform, Nationwide payments will meet the <a href=\"https:\/\/www.iso20022.org\/\">ISO 20022 global standard<\/a> for a common language for payments worldwide.<\/p>\n<p>Otto Benz, payments director at Nationwide, said there had been \u201cmassive growth\u201d in cashless payments, with Nationwide processing around 450 million retail transactions each year.<\/p>\n<p>\u201cWe needed a solution that will evolve alongside our business, facilitating an increasing volume of payments whilst meeting the expectations of our customers,\u201d added Benz. \u201cThis project, in collaboration with Form3 and Accenture, is a major step in simplifying and strengthening our payments processing.\u201d<\/p>\n<p>Nationwide has been on a long tech investment journey. When most financial services firms were slashing spending due to the global financial crash of 2008, Nationwide was investing heavily in IT. At that time, it <a href=\"https:\/\/www.computerweekly.com\/feature\/CIO-interview-Tony-Prestedge-COO-Nationwide\">embarked on a \u00a31bn project to transform its technology<\/a>, which followed years of under-investment. This created the foundations for the company to adopt the latest technology when it emerges. Today, it is using fintech to transform the business.<\/p>\n<p>Sulabh Agarwal, global payments lead at Accenture, said: \u201cThe accelerating digitisation of payments, coupled with ongoing economic turbulence, is shaping how consumers transact and move their money.\u201d<\/p>\n<p>Accenture is currently working on a number of major payments technology projects, including with the Central Bank of the United Arab Emirates (CBUAE) and the Bank of England.<\/p>\n<p>Alongside suppliers G42 and SIA, the digital payments arm of Nexi Group, Accenture was selected by the CBUAE to build and operate the UAE\u2019s <a href=\"https:\/\/nbf.ae\/en\/immediate-payment-instruction-ipi-implementation-in-the-uae\">Instant Payment Platform (IPP)<\/a>\u00a0over the next five years.<\/p>\n<p>The IT services supplier is also leading a project to update one of the UK\u2019s core payments systems. In 2020, it was chosen as the technology delivery partner to coordinate the replacement of the Bank of England\u2019s 24-year-old Real-Time Gross Settlement system.<\/p>\n<p>Due for completion in 2025, the\u00a0<a href=\"https:\/\/www.computerweekly.com\/news\/252457929\/Bank-of-England-to-migrate-from-core-system-with-a-one-off-big-bang\">replacement of the core system that is used to settle payments between banks<\/a>\u00a0will harness the latest digital technologies. On an average day, the system settles about \u00a3685bn worth of transactions.<\/p>\n<\/section>\n<section id=\"DigDeeperSplash\">\n<h4>\n\t\t\t<i data-icon=\"m\"><\/i>Read more on IT for financial services<\/h4>\n<ul>\n<li><a id=\"DigDeeperItem-1\" href=\"https:\/\/www.computerweekly.com\/news\/365531164\/UAE-central-bank-programme-to-accelerate-digital-transformation\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/visuals\/LeMagIT\/hero_article\/Emirats-Arabes-Unis_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/cdn.ttgtmedia.com\/visuals\/LeMagIT\/hero_article\/Emirats-Arabes-Unis_searchsitetablet_520X173.jpg 960w,https:\/\/cdn.ttgtmedia.com\/visuals\/LeMagIT\/hero_article\/Emirats-Arabes-Unis.jpeg 1280w\" alt ><\/p>\n<h5>UAE central bank programme to accelerate digital transformation<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Karl-Flinders-profile-pic-2022-140x180px.jpg\" alt=\"KarlFlinders\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Karl\u00a0Flinders<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<li><a id=\"DigDeeperItem-2\" href=\"https:\/\/www.computerweekly.com\/news\/252518035\/Nationwide-stops-thousands-more-attempted-frauds-with-Strong-Customer-Authentication\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero Images\/Nationwide-Building-Society-head-office-Swindon-PR_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/Nationwide-Building-Society-head-office-Swindon-PR_searchsitetablet_520X173.jpg 960w,https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/Nationwide-Building-Society-head-office-Swindon-PR.jpg 1280w\" alt ><\/p>\n<h5>Nationwide stops thousands more attempted frauds with Strong Customer Authentication<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Karl-Flinders-profile-pic-2022-140x180px.jpg\" alt=\"KarlFlinders\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Karl\u00a0Flinders<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<li><a id=\"DigDeeperItem-3\" href=\"https:\/\/www.computerweekly.com\/news\/252516111\/Nationwide-Building-Society-streamlines-payment-dispute-process-through-software\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero Images\/Nationwide-Building-Society-head-office-Swindon-PR_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/Nationwide-Building-Society-head-office-Swindon-PR_searchsitetablet_520X173.jpg 960w,https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/Nationwide-Building-Society-head-office-Swindon-PR.jpg 1280w\" alt ><\/p>\n<h5>Nationwide Building Society streamlines payment dispute process through software<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Karl-Flinders-profile-pic-2022-140x180px.jpg\" alt=\"KarlFlinders\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Karl\u00a0Flinders<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<li><a id=\"DigDeeperItem-4\" href=\"https:\/\/www.computerweekly.com\/news\/252513995\/Nationwide-suffers-payday-payments-outage\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero Images\/Nationwide-Building-Society-head-office-Swindon-PR_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/Nationwide-Building-Society-head-office-Swindon-PR_searchsitetablet_520X173.jpg 960w,https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/Nationwide-Building-Society-head-office-Swindon-PR.jpg 1280w\" alt ><\/p>\n<h5>Nationwide suffers payday payments outage<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Karl-Flinders-profile-pic-2022-140x180px.jpg\" alt=\"KarlFlinders\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Karl\u00a0Flinders<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<\/ul>\n<\/section>\n<\/div>\n<p><a href=\"https:\/\/www.computerweekly.com\/news\/365532081\/Nationwide-goes-cloud-native-to-transform-payments\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Zonia Motsinger<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Anastassiya &#8211; stock.adobe.com Nationwide Building Society is moving retail payments from on-premise systems to a cloud-native platform By Karl Flinders, Chief reporter and senior editor EMEA Published: 07 Mar 2023 13:47 Nationwide Building Society has recruited Accenture to support its move to a cloud-native payments platform as real-time digital payment volumes rise. Accenture is working<\/p>\n","protected":false},"author":1,"featured_media":615546,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4441,23631,46],"tags":[],"class_list":{"0":"post-615545","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cloud","8":"category-nationwide","9":"category-technology"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/615545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=615545"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/615545\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/615546"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=615545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=615545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=615545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}