Virgin MoneyRSS

Virgin Money walks away from Co-op Bank takeover talks

co-op bank

Virgin Money has withdrawn from a potential takeover of the UK’s Co-op Bank as the struggling lender prioritises talks with a group of hedge funds about a financial restructuring, according to Sky News. As Banking Technology reported in February, the Co-op Bank was put up for sale – with the minority investor Co-op Group saying […]

Banking Technology February 2017 issue out now

Banking Technology February 2017

The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.

Virgin Money to launch digital bank, looks for customer experience leadership

virgin money

Virgin Money plans to launch a digital bank – VMDB – and is now recruiting for a head of customer experience. As Banking Technology reported in November, 10x Future Technologies, the start-up founded by former Barclays CEO Antony Jenkins, is building a digital core banking platform for Virgin Money. The latter also signed a long-term […]

Virgin Money extends card processing agreement with TSYS

virgin money

Virgin Money has signed a long-term deal with TSYS for debit card processing in the UK. The bank is already using the payments vendor’s TS2 solution for its credit card operations.

10x Future Technologies to build digital core banking platform for Virgin Money

virgin money

10x Future Technologies, the start-up founded by former Barclays CEO Antony Jenkins, is building a digital core banking platform for Virgin Money. It will be delivered in a cloud and will enable Virgin Money to unify its data platforms into a single infrastructure via 10x’s APIs, the vendor says. This new deal follows on from […]

Virgin Money UK in new banking software search

Virgin Money looking to modernise its tech

Virgin Money UK, a financial services brainchild of Richard Branson, is understood to be looking for new core and digital channels banking software. Virgin Money’s underlying technology in the UK stems from a number of acquisitions, including a small outsource firm, Intelligent Managed Services (IMS), in 2010, and a larger, well-established bank, Northern Rock, in 2012 (the […]

IT teams need to address the challenges facing UK banking

David Tryon is

The challenger banks are coming of age. Aldermore, the UK’s fastest growing bank, is rumoured to be preparing for its IPO, just like OneSavings Bank, which was the first bank to list on the stock exchange since Bradford & Bingley in 2000.

@banking
techno