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Tradeshift partners with Infosys BPO

Tradeshift, the world’s largest business commerce platform, today announced a partnership with Infosys BPO, the Business Process Outsourcing subsidiary of Infosys Limited (INFY).

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Linedata releases latest version of Optima fund administration BPM tools

Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, has launched the latest version of Linedata Optima, a powerful, innovative suite of business process management (BPM) tools designed specifically for fund accounting and administration.

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Great Southern Bank picks nCino

nCino, the worldwide leader in cloud banking, today announced that $4.4 billion-asset Great Southern Bank has selected its Bank Operating System to increase speed and enhance the simplicity of its commercial loan process.

Old Mutual Wealth ditches IT supplier IFDS

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Old Mutual Wealth ditches IT supplier IFDS

The wealth management arm of Old Mutual has terminated its contract with IFDS for an IT platform upgrade worth hundreds of millions of pounds over concerns about cost and time overruns.

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HCL to buy mortgage BPO firm Urban Fulfillment Services

HCL Technologies (HCL), a leading global IT services company, today announced an agreement to acquire Urban Fulfillment Services, LLC, (“UFS”), a provider of mortgage business process & fulfilment services.

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Valley National Bank chooses nCino to streamline commercial lending

NCino, the worldwide leader in cloud banking, today announced that $23 billion-asset Valley National Bank has selected its Bank Operating System to boost efficiency and enhance communication across the commercial loan process.

Accenture and Blue Prism sign bank to robotic process automation software

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Accenture and Blue Prism sign bank to robotic process automation software

Raiffeisen Bank International is among several major firms to roll out new robotic process automation (RPA) software from Accenture and Blue Prism.

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Commerzbank and UniCredit complete first BPO live transaction in the UK

Commerzbank London and UniCredit have successfully processed the first UK Bank Payment Obligation (BPO) live transaction.

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Tsys buys out partner in Emea JV

Tsys (TSS) today announced that it has acquired — from The Merchants Group Limited (a Dimension Data company) — the remaining 45-percent ownership share in its TSYS Managed Services EMEA joint venture.

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Wright-Patt Credit Union signs with nCino

nCino, the leader in cloud banking, announced today that $3.2 billion-asset Wright-Patt Credit Union (WPCU) has selected its Bank Operating System to automate, streamline and measure business lending.

Xchanging receives two takeover offers

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Xchanging receives two takeover offers

Shares in Xchanging soared 50% on Monday on news that the London-based back office processing provider has received separate takeover offers from Capita and Apollo Global Management.

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Chrome River Technologies raises $100m

Chrome River Technologies, a leading provider of online expense reporting and automated invoice processing software, today announced it has raised $100 million from Great Hill Partners in a Series D funding round.

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TruMark Financial selects nCino for commercial lending ops

nCino, the leader in secure, cloud-based operating solutions to the financial services industry, announced today that $1.5 billion TruMark Financial® Credit Union has selected its Bank Operating System to standardize and automate the workflow of its commercial lending processes as well as provide transparency into loan operations and production.

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Diligenta scores Friends Life contract

Diligenta, a leading Life and Pensions BPO provider in the UK, and a subsidiary of Tata Consultancy Services (TCS), the leading IT services, consulting and business solutions organization, today announced that it has secured a new multi-million pound, multi-year contract with Friends Life Management Services Limited (Friends Life) for its international operation.

Deutsche Bank buys Xchanging out of JV

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Deutsche Bank buys Xchanging out of JV

London-based back office processing provider Xchanging has agreed to sell its 51% stake in Xchanging Transaction Bank (XTB) back to partner Deutsche Bank for EUR40.5 million in cash.

Cognizant wins $330m ING US contract

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Cognizant wins $330m ING US contract

ING US has inked a seven year, $330 million, insurance business process services contract with Cognizant that sees 1000 employees transfer to the vendor.

Parseq directors back CEO's takeover offer

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Parseq directors back CEO's takeover offer

The independent directors of Aim-listed mobile and online banking software outfit Parseq have backed a £33.8 million takeover offer from a consortium led by chief executive Rami Cassis.

Parseq chief makes takeover approach

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Parseq chief makes takeover approach

Aim-listed mobile and online banking software outfit Parseq says it has been approached by a group led by its own chief executive, Rami Cassis, about a takeover.

Barclays buys stake in Indian BPO provider Intelenet

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Barclays buys stake in Indian BPO provider Intelenet

Barclays has acquired a 12.75% stake in Intelenet Global Services, an Indian BPO outfit controlled by Blackstone Group. Details of the deal were not disclosed.

IE agrees Documetric deal

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IE agrees Documetric deal

UK-based fintech vendor Intelligent Environments has outlined plans for a reverse takeover of Documetric, a provider of outsourcing services in finance and administration, including payments processing, content management and business intelligence.

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