Based on terms of the contract, Fujitsu’s mainframe will continue to power Virgin Money’s processing platforms and support new product releases, improving and enhancing services delivered through all of its channels, to its over 4 million customers.
Fujitsu UK & Ireland CEO Duncan Tait said, "At a time when consumer confidence in banks is low, it’s crucial that businesses have strong, reliable and consistent performing services for their customers and the technology which powers those services is critical."
Besides, Fujitsu will also cater support and maintenance services to Virgin Money, while the overall contract will enable its employees to provide improved and reliable service to its customers.
The banking division of the Virgin Group acquired Northern Rock on 1 January 2012, which was being served by Fujitsu under a 20-year contract.
Following a strategic review of its IT estate, Virgin Money decided to extend the relationship with Fujitsu to ensure that it would create a suitable environment to support future growth.
