Coventry Building Society and Co-op Bank agree terms over potential £780m acquisition deal
The proposed merger will create a combined group boasting a balance sheet of around £89 billion.
The proposed merger will create a combined group boasting a balance sheet of around £89 billion.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Sky News reports that if the deal goes through, the combined entities will manage nearly £90bn in assets.
The UK’s fifth largest building society looks to replace core tech and hire more tech staff.
The savings and mortgage lender has more than 2,700 employees and 1.8 million members.
Accenture was selected as implementation partner for the T24 project.
UK-based society opts for T24 core banking system.
More than 80 IT roles on offer as digital revamp takes shape.
UK-based Coventry Building Society is believed to have embarked on a tech modernisation project and is looking for a new core system.
Coventry Building Society is working with a credit risk analytics firm, Jaywing, to meet the International Financial Reporting Standards (IFRS) 9 modelling requirements. The UK-based building society has recruited Jaywing ahead of the 1 January 2018 deadline to meet the new guidelines. Initial work is already underway, says Jaywing, and a prototype model for one […]