The agreement, signed in 2004, was worth an estimated GBP 400 million, online news outlet computerweekly.com reports. Barclay’s decision not to renew the six-year Accenture deal, which expires at the end of June 2010, was prompted by “commercial reasons”, the same source indicates. As a result, the UK bank is planning to bring the application development and management of Barclays commercial and retail banking systems in-house.
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