Target signs LV= managed services deal
Target has signed a contract to manage information systems for
leading insurance and investment group LV= (previously known as
Liverpool Victoria). The three year deal will see Target take
control of the data management of LV='s existing loan
operation.
Target will manage the infrastructure that LV= uses for
processing, account management, arrears management, and
securitisation.
Lisa Mundy, Head of Personal Loans at LV= said "Target is able
to provide a focused delivery proposition that reflects their broad
understanding of our business and operating environment."
The Target suite of systems have been used by LV= for a number
of years and, as part of a wider IT review, it became clear that
Target could provide a defined managed service at a lower cost and
at lower risk.
Lisa Mundy added, "Target is able to provide LV= with resilient
systems and high quality service support within an appropriate
cost model. During our partnership we expect to receive the
benefits of an up-to-date system running on a supported platform as
well as further system developments as we require."
The LV= deal is the latest in a series of contracts secured by
Target Group.
Published: 21 July 2008