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The Cambridge Building Society wins Best IT Team award





The Cambridge Building Society has won the Best IT Team award in the annual FSTech Financial Services Awards.

It won the award for implementing an innovative large-scale move of its core banking infrastructure to a cloud-based system – believed to be the first in the UK by a building society.

Some of the 16-strong IT team at The Cambridge Building Society, which has won an award. From left, Andrew Colbran, Kevin Long, Beck Howlett and Paul Crossley. Picture: Keith Heppell
Some of the 16-strong IT team at The Cambridge Building Society, which has won an award. From left, Andrew Colbran, Kevin Long, Beck Howlett and Paul Crossley. Picture: Keith Heppell

Millions of pounds of assets and hundreds of thousands of items of customer data, e-banking, mobile apps, savings and mortgage and payment processes were switched from a traditional data centre-hosted platform to a cloud-based system during a seamless eight-hour window over a weekend, with no customer impact.

The society’s head of IT and change, Trevor Tannenbaum, said: “I’m really proud of the team we’ve put together and to see their hard work pay off on a national stage is testament to that.

“They worked tirelessly to ensure this migration was seamless, and was implemented on time, on budget and with no customer or staff disruption. It’s a fantastic achievement for the team and I’m thrilled to see them pick up the win at the FSTech Awards.”

A black tie dinner was held for the awards in London on March 17, with other shortlisted companies in the category including Charles Schwab Financial Research Technology, JP Morgan Asset Management, Schwab Asset Management and Synechron.

“We’re really pleased particularly because that team is working so hard at the moment,” noted CEO Peter Burrows. “The project went really smoothly.”



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