Case Study: a tier 1 UK retail bank cuts workforce costs and protects jobs with Version 1

Tier 1 UK Retail Bank avoids hundreds of millions in resourcing costs with Version 1

The customer, a tier 1 UK retail bank, faced challenges in optimizing its workforce due to a fragmented data ecosystem that prevented comprehensive insight into its technical capabilities. Partnering with Version 1, the bank needed to create a data-driven view of its workforce to support evidence-based planning and avoid redundancies.

Version 1 implemented a solution that unified the bank's disparate data sources into a single data lake using API connections. This data was then visualized through Tableau dashboards. The results for the bank were significant: thousands of permanent roles were added, redundancies were significantly reduced through retraining, and hundreds of millions in costs were saved. Version 1's solution also fostered a cultural shift, with 400 leaders now using the platform for strategic decision-making.