Newcastle Strategic Solutions has renewed its contract with Ford Money, one of the UK’s leading online savings providers.
The North Tyneside-based company, a subsidiary of the Newcastle Building Society Group, has secured a new deal which extends the long-term partnership to provide savings management services for Ford Money’s customers including account opening, ongoing management and a dedicated mobile app.
Ford Money have worked with Newcastle Strategic Solutions since it launched into the online savings market in 2017, winning numerous industry awards for its easy-to-open products and excellent customer service.
Newcastle Strategic Solutions, which is celebrating 20 years of business in 2024, provides the UK’s leading savings management platform, managing savings balances of over £50bn on behalf of many of the UK’s leading savings providers. Its savings management service enables any new or existing financial institution to enter the savings market and mature their savings operations.
Stuart Miller, Managing Director, Newcastle Strategic Solutions, said: "We’re delighted that Ford Money have chosen to extend their contract for our savings management services. It’s a great demonstration of the strength of our partnership and the value of the services we provide to all our clients. As we celebrate 20 years of business it’s fantastic to celebrate a new contract with Ford Money, proving that as well as the two decades of success behind us, there are many more yet to come."
Will Davies, Chief Deposits Officer, Ford Money, said: "Newcastle Strategic Solutions has been an integral part of our retail deposits business since 2017, supporting us in delivering award-winning savings products and exceptional customer service – which is a testament to their people, processes and systems. We are proud of what we have accomplished together, and we look forward to continuing our partnership to achieve even greater success."
Newcastle Strategic Solutions is one of the North East’s biggest fintech employers, serving challenger banks and established providers across the UK. With nearly 1,000 employees, it has been instrumental in creating opportunity in the region’s thriving tech sector for over two decades.
Solutions colleagues are also keen to support the tech community’s next generation with volunteers from its digital team running ‘Coding Club’ at local schools for several years, encouraging pupils to explore an interest in technology. And the organisation recently sponsored the Schools Challenge as part of the TechNExt festival, as part of a region-wide effort to inspire young people and build lasting links between the tech sector and beyond.
