Furness Building Society selects Backbase for digital banking overhaul

  • Furness Building Society, based in Cumbria, UK, has selected Backbase, a Dutch digital banking solutions vendor, to enhance its digital services.
  • The society will replace its legacy channel solution with a modern, enhanced digital offering powered by Backbase.
  • Backbase’s Engagement Banking platform will support Furness in serving members who may not live near branches but still seek a member-driven experience.
  • Furness will integrate the entire Backbase platform, including Digital Onboarding, Digital Assist, and Digital Banking to cover the full member lifecycle.
  • Furness, with £1.3 billion in assets, is the first UK building society to partner with Backbase.
  • The society plans to redesign its branches as community social hubs while continuing to support members who prefer face-to-face interactions.
  • Furness joins 120 financial institutions globally using Backbase, including Bank Muamalat (Malaysia), Danske Bank, and OneAZ Credit Union (Arizona).
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

One in Seven UK High Street Shops Adopt Cashless Payments

New survey reveals a significant shift towards cashless transactions. Highlights: One in seven UK high street shops went cashless...

Morgan Stanley to Cut 2,500 Staff Across Divisions

The bank aims to streamline operations amidst economic uncertainties. Highlights: Morgan Stanley plans to cut 2,500 jobs across various...

Lloyds to Sell Customer Data to Cut IT Costs and Strengthen Fintech Position

The bank aims to optimize operations and enhance its fintech offerings. Highlights: Lloyds is selling customer data to reduce...

Robinhood Launches $695 Annual Platinum Credit Card, Challenging Amex

The new offering aims to disrupt the premium credit card market. Highlights: Robinhood's new Platinum credit card costs $695...