Accenture

2023 - 3 - 6

Nationwide Building Society to Modernize its Digital Payments ... (Newsroom | Accenture)

Based on an account-to-account platform, the Form3 cloud solution connects financial institutions to payments schemes such as Faster Payments and BACS. Building ...

Form3 has been awarded Payments Innovation of the Year 2022 by Payments Awards, Most Innovative Mobile or Financial Service Payments Solution 2022 by PAY360 Awards, Payments Innovation of the Year 2022 by FSTech Awards and was shortlisted as Diversity Champion of the Year 2022 run by British Diversity Awards. [savings](https://www.nationwide.co.uk/products/savings/our-savings-accounts/all-savings-accounts)providers and a top-three provider of [mortgages](https://www.nationwide.co.uk/products/mortgages/our-mortgages/who-we-can-help)in the UK. Accenture and its logo are trademarks of Accenture. It is also a major provider of [current accounts](https://www.nationwide.co.uk/products/current-accounts/our-current-accounts/overview), [credit cards](https://www.nationwide.co.uk/products/credit-cards/our-credit-cards/our-cards), [ISAs](https://www.nationwide.co.uk/products/isas/all-isa-accounts)and [personal loans](https://www.nationwide.co.uk/products/loans/personal-loans/features-and-benefits). Working with Accenture, Form3 will help Nationwide transition their payment processing to one of the most modern, efficient, secure and resilient platforms in the market without impacting service delivery.” We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. We combine our strength in technology with unmatched industry experience, functional expertise and global delivery capability. 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. “The accelerating digitization of payments, coupled with ongoing economic turbulence, is shaping how consumers transact and move their money,” said Sulabh Agarwal, Global Payments Lead at Accenture. Based on an account-to-account platform, the Form3 cloud solution connects financial institutions to payments schemes such as Faster Payments and BACS. We needed a solution that will evolve alongside our business, facilitating an increasing volume of payments whilst meeting the expectations of our customers. 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.

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Image courtesy of "FinTech Futures"

Nationwide Building Society in paytech revamp with Form3 and ... (FinTech Futures)

UK-based Nationwide Building Society is on a digital payments infrastructure renovation journey with Form3 and Accenture.

At the end of last year, it secured a “This project, in collaboration with Form3 and Accenture, is a major step in simplifying and strengthening our payments processing.” [an investor in Form3](https://www.fintechfutures.com/2020/08/form3-gains-investment-from-major-uk-banks/), and also [announced a cloud-based payments project with the paytech firm in mid-2021](https://www.fintechfutures.com/2021/05/nationwide-moves-payments-processing-to-the-cloud-with-form3/). Based on an account-to-account (A2A) platform, the Form3 solution connects Nationwide to UK payments schemes such as Faster Payments and BACS. 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. [Nationwide Building Society](https://www.fintechfutures.com/2023/02/uk-building-society-nationwide-to-cut-around-450-jobs/) is on a digital payments infrastructure renovation journey with Form3 and Accenture.

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