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TSB outsourcing entire banking IT to IBM

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TSB outsourcing entire banking IT to IBM

edited 30 November -1 at 12:00AM in Budgeting & Bank Accounts
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edited 30 November -1 at 12:00AM in Budgeting & Bank Accounts
at a cost of 1 billion....

"TSB parent, Spain's Banco Sabadell, has signed a €1bn group deal with IBM to build and run its entire banking infrastructure via a private cloud among a raft of other services – the outage-hit UK arm has told The Register.

The decade-long agreement will provide a much needed shot in the arm for Big Blue's hard pressed Global Technology Services (GST), and is designed to shore up TSB online banking services.

The head of comms at TSB, Supreet Thomas told us the contract means "IBM will be the main provider around technology services and our cloud strategy", and confirmed the nine-figure valuation penned by Sabadell.

She was unable to confirm the cost element for TSB, but estimated it at millions of pounds."
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