IBM Financial Services

559 results about this entity

Period: 11 Jun 2004 - 19 Feb 2025

Westpac renews IBM outsourcing deal

IBM has extended its IT infrastructure deal with Australian giant Westpac for a further five years, quashing speculation that the bank was preparing to reverse away from mega-outsourcing contracts in favour of tactical best-of-breed arrangements.

IBM wins Bank of Ireland contract from HP

Bank of Ireland has inked a five year IT infrastructure services agreement with IBM. Financial terms of the deal were not disclosed.

Innovation to overcome earnings shortfall

Lee Fulmer of IBM talks about the changes needed in banks' approach to cash management.

ABN Amro extends IBM services contract

ABN Amro has extended its infrastructure services agreement with IBM, tapping Big Blue's technology to integrate recently merged Fortis Bank.

IBM, BofA and Citi launch site for small suppliers

A consortium of US corporate giants, including IBM, Bank of America and Citi, have banded together to launch a Web site designed to make it easier for smaller firms to bid for their business.

IBM to acquire OpenPages

IBM is to acquire OpenPages, a privately-held provider of risk and compliance software which lists some of the world's top financial institutions on its client roster. Terms of the transaction were not disclosed.

Former IBM exec Moffat gets six months for insider trading

EX-IBM executive Robert Moffat has been jailed for six months for his part in the Galleon hedge fund insider trading case, which prosecutors call the biggest of its kind in history.

ABN Amro to renew $1bn IBM, TCS and Infosys outsourcing deals - report

ABN Amro is preparing to renew IT outsourcing contracts worth around $1 billion with IBM, Tata Consultancy Services (TCS) and Infosys Technologies, according to India's Economic Times.

Sugamo Shinkin Bank migrates PCs to IBM desktop cloud

Japan's Sugamo Shinkin Bank has selected IBM for the development of a virtual client environment, tapping Big Blue's desktop cloud.

Singapore central bank slams DBS and IBM over systems outage

The Monetary Authority of Singapore (MAS) has strongly criticised DBS and IBM over last month's seven-hour system-wide outage, ordering the bank to redesign its online and branch technology and reduce its reliance on Big Blue.

IBM gets Citi thumbs up for new generation mainframe

IBM has unveiled the most powerful mainframe server ever, the zEnterprise, that it claims will fundamentally change the way firms like banks manage data centres, enabling centralised management of disparate application silos.

IBM employee fingered as culprit in massive DBS outage

An IBM employee has been fingered as the culprit behind a seven-hour system-wide outage that knocked out all consumer and business banking services and ATM and POS transactions at Singapore's DBS Bank on Monday.