TSB Banking Group is today providing an update about its new state-of-the-art banking platform.
“We’ve achieved a significant number of milestones already but, we’ve decided to re-plan the roll-out of the new platform scheduled for November, into Q1 2018. This means we’ll be able to focus one hundred per cent on helping our customers understand the implications of the widely anticipated base rate rise on 2 November 2017.”
The new platform will be rolled-out to TSB Partners from November, providing a full suite of banking services – including current accounts, debit cards, credit cards and savings accounts – as well as to provide mortgage brokers with access to TSB mortgages.
TSB is re-planning the final phase of the roll-out of the platform, originally scheduled for 4/5 November, into Q1 2018 since this is just two days after the widely anticipated first base rate rise in the UK for over a decade.
The re-planned roll-out will enable TSB to focus on communicating the effects of the widely anticipated base rate increase to its five million customers over the weekend of 4/5 November.
Impact on TSB
Paul Pester continues: “The new platform will enable TSB to redouble its efforts to bring more competition to UK banking – in both the retail and SME banking markets.
“Importantly, the new platform will position TSB well to compete for one of the £100m+ grants from the Capability and Innovation Fund recently announced by the UK Government and aimed at bringing more competition to the UK small business banking market.”
November showcase media event
TSB is pleased to announce that it will be showcasing its new purpose-built banking platform, Proteo4UK, in November.
The showcase event will provide the opportunity to meet frontline TSB partners who have been involved in the design and build of the new platform – and to experience the capability of the platform for themselves. Technical experts involved in the design and build will also be on-hand to explain the thinking behind the state-of-the-art design and construction.
A media call and invitation will be issued in due course.