Bladewatch.com

Finextra

Spain’s Banco Santander has inked a two-year, EUR100 million deal with technology consultancy Accenture as it looks to integrate the various IT systems recently inherited through a spate of acquisitions.

Accenture will provide systems integration, consulting, business process management and IT and business process outsourcing.

The deal will initially cover recently acquired Banco Real in Brazil and the Royal Bank of Scotland’s European consumer finance unit as well as the integration of Abbey National and Alliance & Leicester into Santander Group in the UK.

There remain opportunities in the financial sector in the infrastructure space, projects in data center or system consolidation as well as simple hardware refresh/Windows 2008 upgrade projects. We need to be more efficient with our operational budgets, we need to deliver more, we can make small changes to improve this, but long term it’s going to need real investment.

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