Tesco selects vendor for core banking platform

Angelica Mari, Computing, Monday 23 November 2009 at 18:19:00

New system will be built to support new financial products

Tesco Personal Finance has chosen a supplier to help build its new banking
systems and infrastructure platforms.

The new IT set-up, provided by Finserv, will replace the firm?s existing
systems and enable the launch of new financial products.

Currently, Tesco?s financial services arm has six million customers and 28
financial products and services. The firm?s intentions are to expand its
offering to that of a full-service retail bank.

According to Tesco, the rollout of the core platform will manage account
information and banking transactions for its customers, who will also be able to
access their accounts from UK call centres, stores, online or ATMs.

Full story at http://www.computing.co.uk/computing/news/2253791/tesco-selects-vendor-core