Nationwide Building Society has announced plans to open a new digital innovation centre in London, aimed at attracting the talent it needs for the future whilst building on the existing skills of its workforce.

This follows an announcement in September 2018 that it would spend an additional £1.3 billion on technology over the next five years – totalling £4.1 billion over the period.

The new location will be based at The Post Building in London, which will host around 1,000 colleagues and house the centre for those working in digital, data, engineering, architecture, development, operations and design. It will also become home for the team developing Nationwide’s proposition in business banking, off the back of securing funding to enter the market earlier this year.

It is now actively recruiting into London, with around 750 roles across digital and technology being created over the coming months.

Nationwide has also outlined a commitment to its home town of Swindon with the purchase of an additional site, Ramsbury House, to house around 700 people from its existing digital team.

Chief executive Joe Garner said: “The way our members are engaging with us is continually changing, and we recognise the importance of investing in the skills and capabilities needed to continue to meet our members’ needs today and in the future.

“The increase in technology investment we announced last September will enable us to continue to innovate and provide members with the best service, whether that be in branch or digitally.”

He added: “With growing demand for our services, this is about recruiting skills and experience into Nationwide, alongside developing talent from within our current workforce, so that we have the broad range of skills needed to deliver the society’s digital and data transformation strategy.”

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