We think Temenos has a wide moat based on switching costs in its product segment (software) with core banking software being the largest product and having the strongest switching costs. We assign a ...

Mambu, the leading core cloud banking platform, and Avenga, a leading system integrator, have successfully migrated Marginalen Bank, an innovative digital bank in Sweden from its legacy core to Mambu ...

As recently as 2018, the IT migration failure of TSB Bank was far from painless, considering the prolonged outage affecting millions of customers and costing £330 million in remediation.

Lloyds Banking Group. The Prudential Regulation Authority (PRA) said that then-CIO Carlos Abarca “failed to take reasonable steps” to make sure that an outsourcing firm owned by TSB’s parent company ...

at the Bank of England has fined the former CIO of TSB bank £81,620 for his part in the catastrophic migration of the bank’s IT to a new system. In the final notice sent to the former CIO ...

While the data itself migrated successfully, the platform immediately experienced technical failures. This resulted in significant disruption to the continuity of TSB's banking services ...

TSB Bank’s former ... the bank’s IT platform migration, the PRA said. While the data itself migrated successfully, the platform immediately experienced technical failures.

LONDON, April 13 (Reuters) - The Bank of England said on Thursday it had fined TSB Bank's former chief information officer Carlos Abarca 81,620 pounds ($102,115) for failing to adequately manage ...

LONDON — The Bank of England said on Thursday it had fined TSB Bank’s former chief information officer Carlos Abarca 81,620 pounds ($102,115) for failing to adequately manage an IT migration in 2018 ...