Santander aims to bolt Alliance & Leicester onto its Partenon banking platform within 18 months, following its £1.3 billion acquisition of the British firm last year.
The finanical firm said it recently completed a long stretch of work to move Abbey onto its in-house core banking platform, which is based around Microsoft and sits on an IBM database. It acquired Abbey in 2004.
Faced with the vast scale of the work moving acquired businesses onto its own systems, in March Santander signed a €100 million (£93 million), two year IT services deal with Accenture to aid with the IT integration.
The next stage to be completed is transforming the systems at Bradford & Bingley, another acquisition Santander made last year. In July B&B will finish a 10 month transfer onto Partenon that began swiftly after Santander picked up its branch and savings business.
Santander has consistently said that moving Abbey, Alliance & Leicester, and Bradford & Bingley onto Partenon will deliver multimillion pound annual savings, including £65 million from IT efficiency gains through its acquisition of Alliance & Leicester alone. It will have a single customer view across the businesses. expects to make efficiency
It also wants all 24 million of its customers to be able to transact in any of the 1,300 bank branches owned by Santander, regardless of where they originally banked. During 2010, all of the group’s banks will be rebranded Santander.
“Since Santander acquired Abbey in November 2004, we have set about transforming the business to reflect Santander’s business model and values,” said António Horta-Osório, UK chief executive at Santander. The group will focus on the “business performance” and customer services at all of its acquired units, he said.