Nationwide Building Society chooses Moneyhub as data enrichment partner

Source: Moneyhub

Moneyhub announced that it has been chosen by Nationwide to create new spending insights for all of Nationwide’s 16 million customers across the UK.

Moneyhub’s AI-driven categorisation and enrichment engine will analyse every transaction, from card payments to direct debits, driving granular insights that support better financial outcomes for all customers.

Nationwide’s customers will be able to access richer transaction details, including merchant identifications like websites or store specific contact details, plus location data showing where each payment was made.

These details help customers to better manage their personal finance and quickly identify fraudulent transactions so Nationwide can support them immediately.

Sri Kanisapakkam, chief data and analytics officer at Nationwide, said: “At Nationwide our tech teams work to deliver fairer, more rewarding and more convenient banking, so selecting the right partners is crucial, to make sure we’re giving our customers the best experience possible.

“Moneyhub’s AI-driven tech will help enrich the data we’re giving back to our customers and set us up for success with even more personalised products and services in the future.”

Alastair McGill, chief executive officer of Moneyhub, comments: “Moneyhub exists to help our financial services clients build services that improve their customers’ digital experience and deliver better financial outcomes.

“Presenting retail customers with a fine-grained understanding of their income and expenditure is an essential part of this journey, so we’re delighted that Nationwide selected our categorisation and enrichment engine. We look forward to working with Nationwide as they continue to further enhance their customer engagement.”

Further reading: Moneyhub chosen by Stratiphy to streamline funding of investments