BBVA has received approval for a takeover of Sabadell, potentially reshaping its future IT strategy, especially concerning the integration of TSB Bank's systems.
The migration to TSB's UK-specific banking system Proteo faced significant issues in 2018, leading to regulatory fines and customer redress due to operational failures.
BBVA plans to carefully evaluate existing systems from TSB and Sabadell to avoid past mistakes, indicating a cautious approach to IT integration post-acquisition.
Industry experts predict a slow and meticulous integration process for BBVA, emphasizing the need to learn from TSB's disastrous previous migration.
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