PTSB tech boss says Ulster Bank handover tricky but manageable

‘Injection of €50 million into IT infrastructure will allow the bank to prepare for a ‘significant expansion of customers and services’

26th June, 2021
PTSB tech boss says Ulster Bank handover tricky but manageable

The transfer of Ulster Bank’s customers into Permanent TSB’s business would involve a complex piece of work given the sheer number of customers, the chief technology officer at PTSB has said.

While no deal has been finalised, PTSB has been in negotiation with NatWest, the parent company of Ulster Bank, since February to acquire up to €9 billion of mortgages and small business loans. The Irish lender is also understood to...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

BPFI paper reveals Irish banks’ hostility to new global trading regulations

Banking Peter O'Dwyer 2 weeks ago

Data watchdog contacts Central Bank over credit union breach

Banking Donal MacNamee 2 weeks ago

State may sell off more AIB shares ‘subject to market conditions’

Banking Peter O'Dwyer 3 weeks ago

Card spending on hospitality and international travel surged in August

Banking Eva Short 3 weeks ago