IBM has won a contract worth £34.2 million as part of a tranche of technology upgrade deals from the UK's National Savings & Investment bank set to be worth hundreds of millions.
The bank, which is an Executive Agency of the UK's Chancellor of the Exchequer has awarded Big Blue the contract for"Digital integration and ServiceOps", intended to be its technical and operational center.:"The package supplier will design and deliver the integration platform, and services to implement the required system interfaces, and to undertake operational monitoring, management and maintenance of the system integrations.
NS&I serves around 25 million people and manages funds worth £202 billion . It is best known for providing Premium Bonds, a form of investment that also offers winnings under a lottery system, an approach designed to persuade people to accrue long-term savings since 1956. It is undergoing a refresh of its technology support arrangement as it exits a contract with Atos dating back nearly 20 years.
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