National Australia Group (Europe) has hired business software firm Sapiens to implement a euro migration plan for its UK banking subsidiaries in a deal valued at $9.4 million.
The contract follows Sapiens' successful completion of two impact analysis projects for National Australia Group over the past two years.
Yair Spitzer, managing director of Sapiens (UK) says the deal is particularly significant for the company in the UK because it is the first to proceed beyond analysis and to the transition and remediation stage
National's European operations include Yorkshire Bank, Clydesdale Bank, Northern Bank and the National Irish Bank.