Thursday, November 21, 2024
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Furness Building Society selects Backbase for digital banking overhaul

  • Furness Building Society, based in Cumbria, UK, has selected Backbase, a Dutch digital banking solutions vendor, to enhance its digital services.
  • The society will replace its legacy channel solution with a modern, enhanced digital offering powered by Backbase.
  • Backbase’s Engagement Banking platform will support Furness in serving members who may not live near branches but still seek a member-driven experience.
  • Furness will integrate the entire Backbase platform, including Digital Onboarding, Digital Assist, and Digital Banking to cover the full member lifecycle.
  • Furness, with £1.3 billion in assets, is the first UK building society to partner with Backbase.
  • The society plans to redesign its branches as community social hubs while continuing to support members who prefer face-to-face interactions.
  • Furness joins 120 financial institutions globally using Backbase, including Bank Muamalat (Malaysia), Danske Bank, and OneAZ Credit Union (Arizona).

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