Access your Pro+ Content below.
Did IT problems force Santander out of RBS deal?
This article is part of the November 2012 issue of CWEurope
Spanish bank Banco Santander has pulled out of its multi billion pound agreement to take over 316 Royal Bank of Scotland (RBS) branches, and the customers associated with them, because of IT integration problems. But sources say that IT problems can always be sorted out and the claims might be an excuse to pull out of the deal. Partly-nationalised RBS has been forced to sell assets by the government, after being saved from collapse during the bank rescue package in 2008. Banco Santander is no stranger to huge projects to migrate customers to its system. It gains huge advantages by standardising its operations on its Partenon core banking platform. Acquisitions in the UK – including Abbey and Alliance & Leicester – were migrated to the platform. Chris Skinner, chairman of the Financial Services Club, said that RBS has claimed all the data has been separated and it is a case of putting it on Banco Santander’s core banking platform Partenon. He said an Accenture report has revealed that the migration of the retail customer ...
Access this CW+ Content for Free!
By submitting your email address, you agree to receive emails regarding relevant topic offers from TechTarget and its partners. You can withdraw your consent at any time. Contact TechTarget at 275 Grove Street, Newton, MA.
Features in this issue
Swedish mining and construction giant Sandvik simplified its interface with thousands of suppliers using an ERP data integration web portal from Liaison.
News in this issue
A review of disaster recovery capabilities has made multinational recruitment firm Hudson more resilient in its day-to-day business
Computer Weekly speaks to founder and CEO of cloud storage firm Box about why enterprises are embracing this type of technology and what his firm has to do to keep them happy
With less than 1% of UK households served with fibre-to-the-home broadband, the FTTH Council calls on the government to be more ambitious with its schemes
Spanish bank Banco Santander has pulled out of its £1.7bn agreement to take over 316 RBS branches because of IT integration problems