ComputerWeekly.com
Premium Content

Access "Did IT problems force Santander out of RBS deal?"

Published: 14 Dec 2012

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 details will take until 2014 and ... Access >>>

Access TechTarget
Premium Content for Free.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

What's Inside

Features

More Premium Content Accessible For Free

  • MPs give Post Office the cold shoulder
    CWE_161214_ezine_18p-MED.jpg
    E-Zine

    In this week's Computer Weekly we revisit sub-postmaster grievances with the Post Office's IT. Despite years of allegations that the Horizon ...

  • CEB 2015 IT Budget Benchmark Report
    CEB 2015 IT Budget Benchmark Report.jpg
    E-Handbook

    IT departments are set to increase their spending by 3.3%, the highest growth seen in five years, this research from the CEB reveals.

  • The most influential people in UK IT 2014
    CWE_091214_ezine_23p-MED.jpg
    E-Zine

    In this week's Computer Weekly, we unveil the 50 most influential people in UK IT for 2014, and interview the winner of our UKtech50 list, Unilever's...