NS&I to deploy SBS' cloud-native core system
This initiative is part of NS&I's Transformation Programme, which includes a contract with Atos, a digital transformation company.
In this context, SBS cited a report by Celent, which forecasts that European retail banks will increase their cloud investments by 57.5% by 2030, reaching a total of $12.6bn.
NS&I's internal infrastructure supports more than 24 million customers and manages changes to savings rates while addressing customer interactions.
The implementation of SBS's digital, cloud-native core banking platform is expected to enhance operational efficiencies, as well as improve product and service delivery for NS&I.
SBS CEO Eric Bierry said: 'NS&I's transformation program is evidence that it is possible for banks to execute this transformation—and doing so sets them up to drive otherwise unattainable efficiencies and experiences.'
In collaboration with Atos, IBM, and Sopra Steria, NS&I is working to digitise its retail banking operations.
The new SBP Digital Core platform from SBS will replace the existing core system, providing a cloud-native infrastructure for all retail banking and payment services.
The SBP Digital Core is a cloud-native, composable banking solution that utilises latest technology and data to enable banks to deliver personalised banking experiences while adhering to regulatory standards.
Transitioning to the SBP Digital Core will allow NS&I to leverage the flexibility and scalability of AWS's cloud environment, facilitating frequent adjustments to data storage and infrastructure as required.
Unlike traditional core systems, which are often difficult to update, SBS's cloud and Software-as-a-Service (SaaS) solution provides regular automatic updates, according to the tech company.
NS&I chief operating officer Matt Smith said: 'NS&I's transformation programme will help to deliver the digital experiences that our customers expect, while still ensuring there is help and support for those who need it.'
The SBP Digital Core is part of a comprehensive suite of retail banking solutions offered by SBS.
These are utilised by more than 1,500 banks across Europe, the Middle East, and Africa.
"NS&I to deploy SBS' cloud-native core system" was originally created and published by Retail Banker International, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
擷取數據時發生錯誤
登入存取你的投資組合
擷取數據時發生錯誤
擷取數據時發生錯誤
擷取數據時發生錯誤
擷取數據時發生錯誤
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Wall Street Journal
2 minutes ago
- Wall Street Journal
U.S. Sells $1 Billion in Arms to Europe for Ukraine, Sealing Shift in Approach
In one of the clearest demonstrations to date of how the West's approach to arming Ukraine against Russia is shifting under President Trump, four European countries are buying U.S. military equipment valued at roughly $1 billion for delivery to Kyiv's forces. The purchases, in two separate transactions coordinated by NATO, are expected to be the first of many funded by European governments and Canada following an agreement in principle earlier this summer.

Business Insider
3 minutes ago
- Business Insider
Shipping giant, Maersk ends direct US trade route to Africa's largest economy
South Africa, the continent's largest economy, is facing renewed trade headwinds as Danish shipping giant Maersk announced it will discontinue direct cargo shipments between South Africa and the United States from October 1. South Africa, the continent's largest economy, faces challenges due to Maersk discontinuing direct cargo shipments to the US from October 1. South African exports will be rerouted via European hubs, increasing transportation costs and lead times. Longer shipping times, higher fees, and operational surcharges will further impact South Africa's export competitiveness globally. The decision, communicated to customers this week, according to News24, means South African exports will now be rerouted through European transshipment hubs, resulting in longer lead times and higher logistics costs for businesses already under pressure. While Maersk has attributed the move to operational restructuring and global supply chain realignments, the timing has heightened concerns within South Africa's export sector over worsening trade relations with Washington. The shift comes amid escalating diplomatic tensions between Pretoria and President Donald Trump's administration, which recently threatened to review South Africa's eligibility under the African Growth and Opportunity Act (AGOA), a crucial trade pact that grants duty-free access to US markets for thousands of African products. South Africa's exporters brace for impact The recent decision by global shipping giant Maersk to discontinue direct shipments between South Africa and the United States is set to deliver a substantial blow to South African exporters, both in terms of logistics timelines and operational costs. As Africa's largest economy grapples with mounting trade tensions with the Trump administration, the move will exacerbate existing pressures on businesses that rely on efficient transatlantic shipping routes to access the US market. Speaking to IOL South Africa, Dr Ernst van Biljon, Head Lecturer at IMM Graduate School, said losing one of only two direct shipping links to the US forces South African exporters to rely on Europe's congested ports, adding 'time, cost, and uncertainty.' ' But this is more than just a shipping reshuffle, ' Dr van Biljon added. ' It exposes South Africa's strategic vulnerability in global supply chains. Tariffs and transport constraints now combine to erode margins and undermine long-standing commercial relationships. ' One of the most immediate consequences for South African exporters will be longer shipping times. Direct routes to the US, which previously took four to six weeks, will now be replaced with detours through Europe's transshipment hubs, adding two to three weeks and stretching total transit times to six to eight weeks or more during port congestion. The financial impact is equally severe. Rerouting through Europe increases fuel, handling, and operational costs, with freight rates expected to rise by 20 to 40 percent. Transshipment fees of $200–$250 per container, plus Maersk's peak season surcharges of up to $1,000 for a 40-foot container, will further inflate expenses.
Yahoo
23 minutes ago
- Yahoo
Europe Online Education Market Trends and Company Analysis Report 2025-2033 Featuring Coursera, Instructure, Adobe, Alphabet, Udemy, Pearsons, Stride, NetEase
The Europe Online Education Market is projected to soar to USD 229.94 billion by 2033, from USD 94.07 billion in 2024, growing at a CAGR of 10.44% from 2025-2033. With increasing demand for upskilling, remote work, and government backing, the European e-learning sector is expanding rapidly. Enhanced access to digital resources via mobile and internet tech is a major driver. Government initiatives like the European Digital Education Action Plan and partnerships in academic and professional domains are pivotal for market growth. Countries like the UK, Germany, Italy, and France lead in online education offerings, supported by cutting-edge technology, including AI and AR, ensuring engaging and effective learning experiences. European Online Education Market Dublin, Aug. 05, 2025 (GLOBE NEWSWIRE) -- The "Europe Online Education Market - E-learning Trends & Forecast 2025-2033" report has been added to Online Education Market is expected to reach US$ 229.94 billion by 2033 from US$ 94.07 billion in 2024, with a CAGR of 10.44% from 2025 to 2033. The need for ongoing skill development in the workforce, the growth of online learning and remote working, and supporting government efforts are all contributing to the expansion of the European e-learning market share. More individuals in Europe have access to digital learning resources as mobile and internet technology develops. In particular, students may access e-learning platforms from almost anywhere because to the widespread availability of cellphones and fast internet. Digital tools like web-based course materials, video calls, and collaborative platforms make e-learning more accessible and encourage its adoption by a variety of demographics. Professionals and students may also study at their own pace and at times that work for them thanks to e-learning. Working professionals, those with family obligations, and people living in remote areas who might not have easy access to traditional educational institutions will find this flexibility very appealing. Whether for formal schooling or continuing professional development, people are increasingly choosing e-learning systems that provide customized and asynchronous learning because of different schedules and learning addition, a lot of the region's governmental bodies are realizing how important digital skills are to future economic success. They are starting a lot of initiatives to promote e-learning and the development of e-skills in the general public. Additionally, e-learning is becoming better because to technology developments, which are making it more effective and engaging. AI and other technologies are used in adaptive learning, which allows platforms to adjust the learning route and customize the content based on each learner's performance. The use of virtual reality (VR) and augmented reality (AR) to create captivating, interactive experiences, such as virtual labs or simulations, is growing. These tools improve learner engagement and help students develop transferable abilities that are difficult to acquire through traditional Factors Driving the Europe Online Education Market Growth Growing Initiatives for Collaborative Higher EducationThe rise of collaborative initiatives in higher education aimed at fostering digital transformation is fueling the expansion of the e-learning sector in Europe. More accessible, flexible, and innovative e-learning choices are being fostered via partnerships among universities, research institutions, and corporate companies. These collaborations usually involve the development of online and open courses, which offer top-notch instruction to a larger, more diverse student body across Europe. These initiatives are particularly important for removing institutional and geographic barriers so that students from different places may access the same cutting-edge course materials. These collaborations create a robust and scalable e-learning ecosystem by combining the capabilities of different institutions and making use of shared digital efforts are further supported by government financing and assistance, which encourages the widespread use of e-learning at European institutions and enhances the region's educational system. As Europe's first move toward a pan-European open university that supported e-learning, the OpenEU coalition was established in 2024 under the leadership of Universitat Oberta de Catalunya. In order to promote digital transformation in higher education, it brought together 13 organizations and 14 universities. The European Commission's most recent European Universities initiative provided funding to 14 partnerships, including and Initiatives of the GovernmentThe market for online education is largely driven by European governments through financing and strategic efforts. The goals of policies like the European Digital Education Action Plan 2021-2027 are to guarantee that all member states have fair access to digital learning resources, encourage innovation in instruction, and improve digital skills. EU-wide programs like Erasmus+, which provide funding for cross-border education and training initiatives like virtual mobility and digital upskilling, complement these efforts. Additionally, governments are supporting teacher training in digital pedagogy and investing in the construction of digital infrastructure in schools. These programs play a major role in the ongoing development and modernization of the online education scene in Europe by tackling digital divides and equipping teachers and students for a tech-driven Use of Online Learning EnvironmentsThe strong educational system and the growing use of digital learning tools are supporting the expansion of the e-learning sector in Europe. In order to offer more flexible learning options, renowned European institutions are implementing blended learning strategies, which combine traditional in-person education with online platforms. A significant shift to digital learning is shown by the fact that 33% of EU internet users took part in online courses or educational materials in 2024, according to Eurostat. This widespread use demonstrates a growing preference for flexible and easy learning strategies, particularly among employees and learners looking to further their careers. Additionally, the need for individualized learning experiences is growing, with a focus on courses and material that are specifically designed to meet the needs of each the availability of tailored learning materials such as AI-generated content, adaptive learning systems, and game-like elements enhances effectiveness and engagement. Europe is a leader in the e-learning industry thanks to the region's robust digital infrastructure and government initiatives to advance digital literacy, which supports further growth in the corporate and academic education in the Europe Online Education Market Digital pedagogy and teacher preparationDue to a lack of preparation in digital pedagogy, many instructors in Europe struggle to adjust to online instruction. Managing virtual classrooms, efficiently using educational software, and interacting with students in an online setting are just a few of the new abilities needed to make the switch from traditional classroom approaches to digital instruction. Teachers' capacity to provide high-quality online education may be hampered by a lack of institutional support and professional development opportunities. This transition is further complicated by reluctance to change and digital exhaustion. For online education to be effective and sustainable throughout the area, teacher training programs emphasizing pedagogical innovation and technological integration must be of Quality and AccreditationOne of the biggest challenges is ensuring the legitimacy and quality of online education. It is becoming increasingly difficult to maintain uniform academic standards and confirm the legitimacy of credentials due to the quick growth of eLearning platforms. The value of many online courses in the labor market may be diminished since they are not officially accredited or in line with accepted educational frameworks. Furthermore, the reliability of evaluations may be impacted by the lack of standardized evaluation techniques. To gain the trust of students, businesses, and educators, European institutions must set strict quality assurance procedures and legal requirements. The efficacy and long-term reputation of online education programs might be jeopardized in the absence of such Online Education Market Overview by RegionsThe market for online education in Europe is expanding quickly as a result of growing demand for adaptable, easily available learning solutions, government programs encouraging educational innovation, and growing acceptance of digital learning technologies. Market expansion is also fueled by technological advancements and a move toward lifelong learning. Company Analysis: Overview, Key Persons, Recent Developments, Revenue Analysis Coursera Inc. Instructure Holding Inc. Adobe Inc. Alphabet Inc. Udemy Pearsons Inc. Stride Inc. NetEase Inc. Key Attributes: Report Attribute Details No. of Pages 200 Forecast Period 2024 - 2033 Estimated Market Value (USD) in 2024 $94.07 Billion Forecasted Market Value (USD) by 2033 $229.94 Billion Compound Annual Growth Rate 10.4% Regions Covered Europe Key Topics Covered: 1. Introduction2. Research & Methodology2.1 Data Source2.1.1 Primary Sources2.1.2 Secondary Sources2.2 Research Approach2.2.1 Top-Down Approach2.2.2 Bottom-Up Approach2.3 Forecast Projection Methodology3. Executive Summary4. Market Dynamics4.1 Growth Drivers4.2 Challenges5. Europe Online Education Market5.1 Historical Market Trends5.2 Market Forecast6. Market Share Analysis7. By Type7.1.1 By Academic7.1.2 By Corporate7.2 By Provider7.3 By Technology7.4 By Countries8. Type8.1 Academic8.1.1 Higher Education8.1.2 Vocational Training8.1.3 K-12 Education8.1.4 Others8.2 Corporate8.2.1 Large Enterprises8.2.2 SMBs8.3 Government9. Provider9.1 Content9.2 Services10. Technology10.1 Online e-learning10.2 Learning Management System (LMS)10.3 Mobile e-learning10.4 Rapid e-learning10.5 Virtual classroom10.6 Others11. Countries11.1 France11.2 Germany11.3 Italy11.4 Spain11.5 United Kingdom11.6 Belgium11.7 Netherlands11.8 Russia11.9 Poland11.10 Greece11.11 Norway11.12 Romania11.13 Portugal11.14 Rest of Europe12. Porter's Five Forces Analysis12.1 Bargaining Power of Buyers12.2 Bargaining Power of Suppliers12.3 Degree of Rivalry12.4 Threat of New Entrants12.5 Threat of Substitutes13. SWOT Analysis13.1 Strength13.2 Weakness13.3 Opportunity13.4 Threat 14. Key Players Analysis For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment European Online Education Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900