by Leo King

Yorkshire Building Society and Chelsea merger means IT change

Dec 02, 2009
Financial Services IndustryIT StrategyMobile Apps

An IT integration challenge is looming at Yorkshire Building Society, following its takeover of rival Chelsea Building Society.

Yorkshire, which uses SAP BusinessObjects business intelligence software and an Oracle data warehouse, is the larger party in the merger. Its headquarters in Bradford will become the new group’s main office for 135 branches.

Chelsea, which has 35 branches but a comparatively large mortgage book for its scale, instead uses the Unisys Business Information Server for business intelligence. At its headquarters in Cheltenham, it uses the Unisys Enterprise Database Server and Unisys e-commerce software, Microsoft SQL Server and Microsoft Access databases, and runs Microsoft Windows Server 2003 on Dell PowerEdge servers.

Neither party was able to give details on IT plans. The merger of the two societies is aimed at creating a large rival to the UK’s biggest society, the Nationwide, and will create a society with 2.7 million members, some 178 branches and a mortgage book of £25 billion.

More detail is expected in April when the merger is planned tocomplete. But a spokesperson at Chelsea Building Society said that when the merger is finalised the group “will look at overlapping functions, because we wouldn’t want two IT systems doing the same thing, for example”.