23 October 2017
visit www.atos.net

Barclays Bank shelves IBM outsourcing plans

03 April 2003  |  11341 views  |  0 Barclays Bank shelves IBM outsourcing plans

Barclays Bank has shelved plans for an estimated £100 million-a-year IT outsourcing deal with IBM.

The deal for the bank's infrastructure support, codenamed 'Project Tapestry', would initially have involved the transfer of approximately 1000 staff from its 'Enable' IT division to IBM, according to a union newsletter obtained by computer trade publisher VNU.

"The possible outsourcing to IBM has been shelved - if not indefinitely, then at least until 2004," the document states.

A Barclays Bank spokesperson says the plans were revisited after the internal IT team outperformed expectations in 2002.

Barclays Bank is not averse to outsourcing, having struck major deals with Getronics, Xansa, and Liberata in recent years.

A deal with EDS for desktop services that would entail the transfer of approximately 100 IT staff is believed to be still on the table.
KeywordsOUTSOURCING

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Anatomy of a systems failure: Danske Bank turns spotlight on DB2

Anatomy of a systems failure: Danske Bank turns spotlight on DB2

03 April 2003  |  5935 views  |  0 comments
Canada Life signs with IBM for pay-by-the-policy software

Canada Life signs with IBM for pay-by-the-policy software

27 March 2003  |  3829 views  |  0 comments
IBM ousts EDS in Certegy outsourcing deal

IBM ousts EDS in Certegy outsourcing deal

21 March 2003  |  5031 views  |  0 comments
Bradford & Bingley outsources ATM network to Moneybox

Bradford & Bingley outsources ATM network to Moneybox

18 March 2003  |  7304 views  |  0 comments
Deutsche Bank to outsource procurement - FT

Deutsche Bank to outsource procurement - FT

06 March 2003  |  4353 views  |  0 comments
IBM wins National Bank Financial IT outsourcing deal

IBM wins National Bank Financial IT outsourcing deal

04 March 2003  |  4610 views  |  0 comments
AXA Group signs $1 billion tech services deal with IBM

AXA Group signs $1 billion tech services deal with IBM

28 February 2003  |  4663 views  |  0 comments
HBOS outsources merchant processing to First Data

HBOS outsources merchant processing to First Data

26 February 2003  |  7157 views  |  0 comments
Two-thirds of big US banks outsource one or more functions

Two-thirds of big US banks outsource one or more functions

24 February 2003  |  4375 views  |  0 comments
Lloyds TSB outsources Internet intruder detection

Lloyds TSB outsources Internet intruder detection

19 February 2003  |  4712 views  |  0 comments
National Australia Group renews BT outsourcing contract

National Australia Group renews BT outsourcing contract

12 February 2003  |  4240 views  |  0 comments
Royal & Sun Alliance outsources life operations to Unisys

Royal & Sun Alliance outsources life operations to Unisys

12 February 2003  |  5364 views  |  0 comments
CSC subcontracts with IBM for JPMorgan Chase IT deal

CSC subcontracts with IBM for JPMorgan Chase IT deal

10 February 2003  |  5889 views  |  0 comments
Bradford & Bingley signs new BT outsourcing contract

Bradford & Bingley signs new BT outsourcing contract

07 February 2003  |  4851 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.atos.netvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
18336 views comments | 24 tweets | 36 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
14867 views comments | 23 tweets | 31 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10783 views comments | 12 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
10231 views comments | 13 tweets | 10 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job