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TSB faces another risky IT migration as Santander eyes UK bank

Pelican Press

By Pelican Press,
in World News

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Santander’s proposed acquisition of TSB would require customer accounts to be migrated from the in-house developed system of its current owner to that of its acquirer, just a few years after the dust settled on what was one of the biggest IT disasters in *** banking. Spanish giant Santander said if it acquires TSB from fellow Spanish bank Sabadell, for £2.65bn, it will integrate it into Santander…

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