Cloud and economics means third party app providers will flourish, says HP Enterprise Services VP
Yorkshire Building Society (YBS) this week announced a shared services alliance that will see the building society’s core mortgage and savings application shift to the cloud, a move which HP Enterprise Services’ vice president of the financial services industry Jeremy Suddards said will become increasingly popular in the financial services sector moving forward.Yorkshire Building Society, the UK’s second largest building society with assets for more than £45bn, began offering a mortgage and savings IT service to YBS customers which it developed off the back of an overhaul to its core banking system in 2003.