Harrods BankRSS

£3.6m emergency cash injection pumped into Tandem

Tandem's future is secured

UK-based challenger bank Tandem received an emergency cash injection of £3.6 million from its existing investors earlier this year when a major funding deal with House of Fraser collapsed.

Top fintech stories this week – 11 August 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Harrods Bank acquired by challenger Tandem

Farewell, Harrods Bank

UK-based challenger bank Tandem has singed an agreement to acquire Harrods Bank. Tandem says it will “benefit from around £80 million of capital coming into the business”. It will also provide Tandem with a banking licence.

Harrods Bank implements Temenos T24 core banking system

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UK-based Harrods Bank is implementing a new core banking system, having abandoned the FIS Profile project, Banking Technology understands.

Top fintech stories this week – 23 September 2016

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Harrods Bank in search of new core banking system EXCLUSIVE. The FIS Profile project is dead. Long live a new project! Deutsche Bank GTB builds new payments platform EXCLUSIVE. Dovetail to deliver? Misys unveils Platform-as-a-Service strategy Opens up […]

Harrods Bank in search of new core banking system

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The FIS Profile core banking project is dead. Long live a new core banking project! UK-based Harrods Bank is back to market to find a new core banking solution, Banking Technology understands. It is understood to be in talks with a broad number of tech suppliers, including Temenos and Misys (the incumbent provider). The bank […]

Harrods Bank loses CEO

Peter Ball, Harrods

Just a couple of months following the appointment of the new CIO at Harrods Bank, its chief executive – Peter Ball – leaves. Ball has moved to specialist lender Together, to head its retail division. Together has been ramping up its leadership team – over the last three months alone it has added Colin Kersley, […]

Harrods Bank gets new CIO, but core banking overhaul in question

Harrods Bank

Will Simon Bateman, the new CIO of London-based Harrods Bank, restart the bank’s long-suffering core banking software overhaul? Bateman moves from another UK-based bank, Aldermore, where he spent around three years, first as transformation and change director and then as head of IT for the savings business line. Aldermore, a small domestic bank focused on […]

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