Latest news with #SBPDigitalCore
Yahoo
5 days ago
- Business
- Yahoo
NS&I to deploy SBS' cloud-native core system
The National Savings and Investments (NS&I), a government-owned savings bank in the UK, has partnered with global financial technology firm SBS to upgrade its core banking and payments systems. 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
Business Wire
6 days ago
- Business
- Business Wire
NS&I to Replace Legacy Core Banking System with SBS's Digital, Cloud-Native Platform
LONDON--(BUSINESS WIRE)-- NS&I (National Savings and Investments), the U.K.'s government-owned savings bank, and global financial technology company SBS today announced their work together to digitise NS&I's core banking and payments services. The initiative is part of NS&I's Transformation Programme and its contract with Atos, a European digital transformation company, to modernise its banking engine. SBS's digital, cloud-native core banking platform will lay a foundation for new business efficiencies, product and service delivery, and customer experiences for NS&I. Organisations now realise the need to move faster than legacy on-premise infrastructure allows. European retail banks are accelerating their cloud investments, with spending projected to rise by 57.5% from 2025 to 30, reaching $12.6 billion according to a recent Celent report. Through its ongoing transformation programme, NS&I is proving how financial institutions can move beyond just aspirations to make fully digital, cloud-based services a reality organisation-wide. Working with Atos, IBM and Sopra Steria, NS&I is transforming and digitising its retail operations. Powering this digitisation on the back-end will be SBS's next-gen SBP Digital Core platform, which will replace NS&I's existing core system with a cloud-native infrastructure for all of its Retail banking and payments services. ' NS&I's transformation program will help to deliver the digital experiences that our customers expect, while still ensuring there is help and support for those who need it,' said Matt Smith, Chief Operating Officer at NS&I. ' Replacing our core system is a critical step in this evolution, and we look forward to continuing our work with SBS and Atos to bring it to fruition. ' As one of the U.K.'s largest savings organisations, NS&I's internal infrastructure is responsible for not only upholding its 24+ million customer base, but also implementing savings rates changes and servicing the resulting interactions with customers. With on-premise and even hybrid cloud systems, this means maintaining the highest level of data storage at all times—even when it's not being used. By transitioning to SBP Digital Core, NS&I will benefit from the complete flexibility and scalability of AWS's cloud environment, enabling it to make data storage and other infrastructural adjustments as often as it needs to. Compared to legacy core systems that are not easily updated or modified, SBS's cloud and Software-as-a-Service (SaaS)-based alternative enables it to provide regular, automatic system updates, so there are no disruptions to banks' day-to-day operations. ' Cloud and SaaS transformation in the financial industry is not a matter of when, but how, ' said Eric Bierry, CEO, SBS. ' 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. We're thrilled to partner with NS&I on this journey. ' SBP Digital Core is a cloud-native, composable core banking solution that leverages latest technology and data to allow banks to offer personalised and relevant banking experiences to their clients while complying with regulatory requirements. It is a part of SBS's larger retail banking offerings used by more than 1,500 banks across Europe, the Middle East and Africa. In addition to core banking, these offerings include deposits, payments, lending, reporting, open banking and more. About SBS SBS (ex-Sopra Banking Software) is a global financial technology company that's helping banks and the financial services industry to reimagine how to operate in an increasingly digital world. SBS is a trusted partner of more than 1,500 financial institutions and large-scale lenders in 80 countries worldwide, including Santander, Societé Generale, KCB Bank, Kensington Mortgages, Mercedes-Benz, and Toyota FS. Its cloud platform offers clients a composable architecture to digitize operations, ranging from banking, lending, compliance, to payments, and consumer and asset finance. With 3,400 employees in 50 offices, SBS is recognized as a Top 10 European Fintech company by IDC and as a leader in Omdia's Universe: Digital Banking Platforms. SBS is headquartered in Paris, France.
