Principality launch e-Saver product using iE's NetFinance
Intelligent Environments Europe Ltd - Thursday, March 15, 2007
Principality Building Society ("Principality" or "The Society"), Wales' largest building society, will be launching its new e-savings platform using Intelligent Environments Group plc's ("IE") NetFinance software on 19 March 2007.
Principality's e-SAVER account is complementary to its branch based products and provides new and existing customers with an attractive online investment proposition.
The product will be the first of a series of new Principality products that aim to deliver a differentiated proposition to savers familiar with managing their finances online, or those who wish to access an easy-to-manage online savings account.
iE's partnership with Principality was secured after a tender process that identified the strength of iE's NetFinance software for delivering customer focused and business integrated solutions. Key to Principality was the need to make the online application and account servicing seamless and secure whilst offering the customer the ability to visualise their savings using interactive graphs.
iE's NetFinance platform will be the foundation for Principality's e-product strategy. During 2007 new product launches will extend the Society's investment product portfolio to its customers.
Phillip Blundell, Chief Executive, iE, said, "Using technology to deliver a seamless and innovative customer experience is the aim of all financial services companies. With Principality we have used iE's NetFinance software to provide both an innovative product solution and a platform for strategic growth. This is the first of a number of new product deliveries and we look forward to working with Principality as part of our ongoing partnership."
Tracy Morshead, Managing Director, Principality Building Society, said, "Delivery of our new e-SAVER product offers Principality a new customer marketplace, complementary to our existing branch network. iE's team has brought our vision for e-savings to life. We believe we can now offer our customers a compelling proposition to apply online and then manage their money in an intelligent way using iE's NetFinance software."
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