Monmouthshire Building Society (MBS) in the UK has selected Unisys’ omnichannel banking platform Elevate to deliver new digital banking services to its customers.

The initiative will enable MBS to provide digital current account services through multiple channels.

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The deployment of the Elevate platform is expected to enable MBS to reach out to the new generation of customers, offering more choices and convenience in online money management.

The platform will also enable MBS to introduce digital wallet capabilities, the technology vendor said.

Additionally, Elevate’s open API architecture will enable the building society to introduce new products and services in the future.

MBS CEO Will Carroll said: “We believe our partnership with Unisys will provide an innovative solution that supports our strategic objectives to become a modern society, and the local flexible financial partner of choice.

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“This exciting proposition will enable the Society to grow its membership, whilst providing both existing and future members with a multi-channel offering.”

Introduced last year, Elevate can be adapted to support various business requirements including origination of mortgages, loans, savings and current account.

The platform’s current account capabilities are supported by Payment Cloud Technologies (PCT), a part of the Omnio Group.

Unisys vice-president and global head of financial service Eric Crabtree said:  “Monmouthshire Building Society is focused on delivering a best-in-class banking experience to meet the changing needs customers.

“Coupling their commitment to digital transformation with Unisys’ services and software will enable them to drive greater customer satisfaction and build brand loyalty – by giving their customers the capability to bank across multiple channels.”