Five year contract with Stroud & Swindon Building Society

11 June 2009

IE is pleased to announce that it has signed a five year rolling contract with Stroud & Swindon Building Society (‘Stroud & Swindon’), the UK’s 12th largest building society with assets of c£3.2 billion.

Stroud & Swindon is the latest financial services client to choose IE’s online savings system, which will support online applications and account management for three of its savings and investment ranges -esaver, ISA and Bond.

The new system is expected to go online in Q4 2009 and will deploy the latest version of IE’s online banking product, NetFinance4, as part of this project. NetFinance4 offers greater flexibility in how financial services companies choose to promote their products. The product is deployed with an integrated content management system and product factory so IE clients can themselves dynamically update and launch new content, products and rates.

Phillip Blundell, Chief Executive, IE, commented “We are delighted to secure this prestigious contract with Stroud & Swindon Building Society. The real advantage NetFinance4 will deliver for Stroud & Swindon is the ability to manage all aspects of their online product portfolio themselves; from changing existing rates or application flow design to deploying new internet savings products. We look forward to extending our relationship with Stroud & Swindon further.”

Linda Will, Sales & Marketing Director, Stroud & Swindon Building Society, commented “Our primary aim in outsourcing development of our online savings channel was to find a supplier with a product solution, supported by a roadmap, that would enable Stroud & Swindon to secure new business via the internet and offer our existing customers greater flexibility in how they manage their money. IE’s software met all our tender requirements: it was proven in the financial services sector, it was highly secure and scalable, and it delivered the flexibility for us to launch, and then manage, new savings and investments products online. We now have the opportunity to extend Stroud & Swindon’s footprint and cross sell products and services to a wider customer base more cost effectively.”

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