Harrods Bank in search of new core banking system
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 is a long-standing user of Misys’ Bankmaster, and has been looking to replace it for a number of years – although nothing has come to fruition so far.
In 2015, it selected FIS’s Profile core banking system, but the project was subsequently shelved. There was a management shake-up at Harrods Bank, including the departure of the senior executives responsible for selecting FIS’s Profile.
Incidentally, there were also management changes at FIS in the UK, with a number of key execs leaving the vendor.
Harrods Bank operates from the Harrods store in Knightsbridge. It offers personal banking services such as mortgages, loans, high-value current accounts, debit cards and savings, and also business banking services.