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Bank’s “Rainbow” programme turns a shade of Big Blue

£100 million to build an application and a "fully functional transactional website"? We'll take it!

State-owned UK savings bank NS&I had plans to swap its operational services provider Atos for a “multi-supplier model” under an ambitious “Rainbow Programme” of digital transformation at the £200 billion bank.

But a new £100 million contract award to IBM – one in a string of critical contracts awarded to the supplier – suggests that this particular and somewhat delayed “Rainbow” is turning a distinct shade of Big Blue. 

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