Newcastle Building society creates IT jobs

Newcastle Building Society is expanding the IT services it provides to other financial services companies. The...

Newcastle Building Society is expanding the IT services it provides to other financial services companies.

The company is increasing the capacity of its Strategic Solutions business, which provides computer systems and other services for other financial service providers such as banks and building societies.

The project, which will create a total of 500 jobs with the majority in IT, will be complete in 2012.

Bradford & Bingley and the Bank of Ireland are among the Building Society's existing customers for technology, processing capability and administrative support services.

"The new facilities will enable the development of services for a wider market, as well as significant further investment in leading edge information technologies," said the firm.

Regional development agency One NorthEast is investing £1.3m into the project, because of the jobs being created,

"Our Strategic Solutions business makes a major contribution to the Society's overall commercial success, and our continuing growth in this area, as well as within our core member business areas, is a real testament to the quality of the services we provide and to the skills of the teams that deliver them," said CEO Colin Seccombe.




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