UK's sixth biggest bank forms partnership with Microsoft

Well that’s one way to spend a lot of money. Azure is not cheap

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They’re probably not paying the prices you or I would pay - I would bet that something like this will have gone out for bids so I’d be surprised if they did anything other than pick the lowest number that came in.

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The technology they are currently using seems, for want of a better word, clunky.

Virgin Money had a really bad system which dated back to the Northern Rock days before the merger with CYBG and the Clydesdale/Yorkshire system never ran that well either.

I imagine merging it all is a big job, but necessary if they want to tidy things up post-merger and reduce their IT complexity.

This is probably a well good move for them, even if it does end up as expensive, and will allow them to better compete with newer challengers.