Nationwide has set aside £ 50 million ( $ 65.79 m ) to invest in fintech start - ups in areas including house and home ; personal data and identity ; financial wellness ; community and society ; banking - as - a - platform ; and operational efficiency . The building fund said it would look for long - term partnerships and provide product development support as it seeks to compete with larger high street financial outfits and new digital banking rivals . The fund has made its first investment in acasa , a start - up providing financial support to landlords and tenants living in shared accommodation .
Nationwide has set aside £50m ($65.79m) to invest in fintech start-ups in areas including house and home; personal data and identity; financial wellness; community and society; banking-as-a-platform; and operational efficiency. The building society said it would look for long-term partnerships and offer product development support as it seeks to compete with larger high street financial outfits and new digital challenger rivals. The fund has made its first investment in acasa, a start-up giving financial support to landlords and tenants living in shared accommodation.