Target nominated for industry award

Target have been nominated for the FS Tech awards 2015 for Best Use of IT in Re­tail Banking & Insurance for its work for Welcome Finance. By implementing an ac­count and arrears management system, we have enabled Welcome Finance to re­duce its annual IT costs from £7.5million to £2.5million, significantly mitigate risk and reduce its IT department from 42 to nine people, for a fee that was nearly 12% be­low the original budget.

We are up against some big brand competition including, Aegon/Salesforce, Banco Sabadell, Deutsche Bank, Lloyds Banking Group and LV=. The awards are being announced at the London Marriott Hotel on Thursday 26th March 2015.

Read the Welcome Finance case study.