It’s the latest strategic investment in Moneyhub’s B2B proposition
Last week we were pleased to announce that Nationwide Building Society has become the latest investor in Moneyhub. The minority stake investment accelerates our plans to help businesses embed the capabilities inherent to the Moneyhub platform into their own propositions.
It’s a natural partnership for Moneyhub. Like us, Nationwide Building Society believes in enhancing the lifetime financial wellness of people, businesses and communities, and understands that Open Banking has major role to play.
The decision comes as part of the Nationwide Venturing Fund, a £50 million initiative to invest in the expertise of the nation’s most innovative start-ups.
Tony Prestedge, the society’s Deputy Chief Executive, said: “While many people will have heard of Open Banking and AI technology they may not be able to tell you much about how they are starting to impact their day to day lives… We believe they are game changers for the financial services industry.
Our CEO, Samantha Seaton, agrees: “[The investment] shows the potential of Open Banking, AI based data analysis and a customer-first culture to power a step change in how financial services is delivered.”
We’re excited that Moneyhub technology will be keeping Nationwide Building Society, and their members, at the forefront of innovation and we look forward to developing our partnership over the coming years!