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IEN.L

Intelligent Environments Group PLC

('IE' or 'the Group')

Siemens to roll out IE software to NS&I

National Savings & Investments ('NS&I'), one of the UK's largest savings and investments providers with 27 million customers, is the latest client to choose IE's online savings application product to replace an existing system. The rolling three-year contract has been signed with Siemens IT Solutions and Services Ltd, who under a 15 year outsourcing contract with NS&I has been responsible for transforming their IT and operations. Under the contract, Siemens will provide IE's NetFinance product to support online applications for nine NS&I savings and investment products, including premium bonds.

 

The new system offers a more reliable platform for new and existing customers of NS&I to open savings and investment accounts instantly and securely online. 

IE will be deploying the latest version of its online banking product, NetFinance4, as part of this project. NetFinance4 will offer financial services companies greater flexibility in how they promote their products using a product factory, whilst maintaining industry strength security and scalability.

Steve Owen, Channel Delivery & Management Director, NS&I, said, 'The decision to choose IE's product to replace our current online application system was based on two factors: to continue to ensure that we remained abreast of the exciting new technology IE could offer us and to use that technology to manage our product portfolio to offer competitive and compelling savings and investments products to our customers.'

Martin Spreitzhofer, Director of Financial Services, Siemens IT Solutions and Services, said, 'IE's software ticked a number of criteria for this project: it was proven in the financial services sector, it was highly secure and scalable, and it offered both the flexibility to deliver multiple NS&I products on a single platform quickly.'

Phillip Blundell, CEO of IE, commented, 'We are delighted to secure this contract for NS&I, one of the largest savings and investment institutions in the UK. The real advantage NetFinance4 will deliver for NS&I is the ability to manage all aspects of their online product portfolio themselves; from changing existing rates or application flow design to deploying a new internet savings product.' 

Enquiries:

Phillip Blundell, Chief Executive	IE plc	+44 (0)20 8614 9800
Charles Cunningham, NOMAD and Broker	FinnCap	+44 (0)20 7600 1658
Shane Dolan	Biddicks	+44 (0)20 7448 1000

                    

                        

National Savings and Investments

With more than £88 billion invested, NS&I (National Savings and Investments) is one of the UK's largest providers of savings products to personal savers and investors. NS&I makes an important contribution to the UK retail deposit market, and has a customer base of around 28 million individuals. Its product range is extensive, but it is probably best known for Premium Bonds - held by over 23 million UK citizens. It offers a range of other capital secure accounts including savings Certificates, ISAs, Savings Accounts and Fixed Term Bonds. 

 

NS&I is an Executive Agency of the Chancellor of the Exchequer. 

http://www.nsandi.com/

Siemens IT Solutions and Services

Siemens IT Solutions and Services is an internationally leading provider of IT solutions and services. It covers the entire IT service chain from a single source, from consulting to system integration, right through to the management of IT infrastructures. In addition, Siemens IT Solutions and Services extends the range of offerings of the other Siemens Sectors to include IT solutions. With its comprehensive know-how and industry-specific knowledge, Siemens IT Solutions and Services provides measurable added value for its customers. The Siemens Division employs more than 41,000 people and posts annual sales of about 5.3 billion euros, of which over 70 percent are generated outside of the Siemens Sectors. 

www.siemens.com/it-solutions.

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