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Technology / Cybersecurity

Tesco Bank Hack: 20 key facts about Tesco Bank and its IT systems

READ the Details on the TESCO BANK

20 Facts about Tesco Bank

  • Tesco Personal Finances launched in 1997 as a 50:50 joint venture with Royal Bank of Scotland.
  • It started in Credit Cards and then moved into Savings Accounts, Loans and Home Insurance
  • Tesco Plc took sole ownership of Tesco Bank in December 2008 when it bought out the 50% owned by RBS.
  • In June 2009 it changed its name from Tesco Personal Finances to Tesco Bank
  • Tesco Bank signed a deal with Cable and Wireless for managed data centres and hosted telephony in 2010.
  • Tesco is headquartered in Edinburgh
  • It has a call centre in Glasgow which opened in 2009
  • In 2010 it opened a Service Centre in Newcastle
  • In 2010 its General Insurance body completed the migration from RBS systems

General Insurance completes migration from RBS systems to our own

  • In 2012 it opened a second Edinburgh HQ
  • In January 2012 the bank completed the a major IT migration

Migration is Completed

We completed the migration of all banking products and now serves all 6 million customers on our own systems.

White papers from our partners

  • In 2013 it recruited 300 staff for its current account product
  • The Tesco Current Account launched in June 2014
  • In June 2014 it also launched a mobile banking app

Our new Mobile Banking App launches for credit card, loans, savings and current account customers for both android and IOS phone

  • tesco-bank-snippet
  • The bank say’s that 86% of its products are bought online.
  • The bank has £8.1bn in saving deposits.
  • A spokesperson for the company said it does employ Chief Information Officer. The company advertised for a Chief Digital Officer in June this year.

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