Bladewatch.com

http://www.finextra.com/fullstory.asp?id=20578

Tesco has changed the name of its personal finance unit to Tesco Bank, reflecting the UK supermarket’s determination to take on established high street players. It has also selected the core technology platforms for the division.

Last December the retail giant bought out the Royal Bank of Scotland to take complete control of Tesco Personal Finance. It has now renamed the unit Tesco Bank “in recognition of our longer-term objective of creating a full-service retail bank”.

Very cool, I’m genuinely excited about Tesco Bank, it will be interesting to see how it will affect the traditional high street banks, and at the same time, what range of technologies it will be using to deliver its services. We’ll need to wait and see.

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.