TSB have released a press release outlining big changes to their banking platform.
I’m intrigued by the quote
Over 2,500 man years of effort by TSB, Sabadell and our technology partners means TSB will be the first major bank in the UK to have designed and built a new banking platform for the digital age.
I wonder how that 2500 man year effort equates to the effort to get Monzo off the ground. I appreciate Monzo don’t have the legacy of existing customers to deal with, but it would be an interesting comparison.