Nationwide Building Society has reported a fall in third quarter profits as it continues to count the cost of writedowns and investment in technology. Nationwide Building Society has reported a fall in third quarter profits as it continues to count the cost of writedowns and investment in technology. Last year, Nationwide announced a £1.3 billion technology investment as it looks to take the challenge to digital rivals. At the time, the building society said the cash injection would help “simplify its technology estate and build new technology platforms to enable growth and diversification, and drive forward digital, data and analytic strategies”. “This investment is to ensure we can continue to meet our members’ changing needs in an increasingly digital future.

Source: Irish Independent February 08, 2019 07:30 UTC