Nationwide: Wins £50 million award for business banking plans

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Nationwide: Wins £50 million award for business banking plans

Nationwide: Building Society has wins £50 million award for business banking plans

  • Nationwide has scooped the lion’s share of £80 million in funds available from the Capability
  • Designed to promote competition in the market for banking services to SMEs
  • Two other recipients include Investec Bank and The Co-operative Bank
  • Nationwide has set its sights on attracting an estimated 340,000 business banking customers
  • Nationwide has already announced a £15 million deal with 10x Future Technologies to build its digital proposition
  • The firm says it will also provide specialist training for 7000 branch-based staff