Nationwide renews Experian contract

Nationwide Building Society has renewed its partnership agreement with information services company Experian for its electronic authentication services.

The three-year contract marks Experian as the primary credit bureau for Nationwide, providing credit reference and electronic authentication services.

Experian UK and Ireland managing director Craig Boundy says: “Our ongoing investment in data and technology innovation has enabled us to provide the most comprehensive view of a customer. This is vital to enable organisations to lend confidently and responsibly.  We are delighted to be able to build on our long-term strategic partnership with Nationwide and look forward to supporting the organisation through its future growth strategies.”

Nationwide chief risk officer Iain Laing says: “Our partnership with Experian will help us meet the responsibility we have as a mutual to our members by giving us greater control over assessing and managing credit risk which in turn will help us strengthen relationships with both new and existing customers. Our businesses are very much aligned and we see this partnership going from strength to strength in the future.”