Outsourcing

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Mitsubishi UFJ goes live on SunGard hosted lending and corporate actions platforms

Mitsubishi UFJ Trust & Banking Corporation (U.S.A.) (MUTU), a leading international trust bank, is now live on SunGard’s managed services platform for global lending and corporate actions processing.

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SocGen launches dealing desk outsourcing service

Societe Generale Securities Services (SGSS) has launched I-DEAL, a new dealing desk outsourcing service for asset (discretionary and collective) and investment managers which covers the entire range of asset classes and global markets.

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Empaxis launches in Europe; opens London office

Empaxis Data Management, experts in middle and back-office outsourcing for investment management firms, recently announced expansion into the European market. Empaxis has opened an office in London and has launched Empaxis Europe Limited.

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FIS wins multi-year outsourcing deal with Westwood Trust

Its ability to combine top-tier industry and trust expertise with leading-edge technology to reinvent traditional trust operations has earned FIS (FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, a multi-year wealth technology and operations outsourcing commitment from Westwood Trust, a Texas-chartered trust company headquartered in Dallas.

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Cashfac partners with NashTech for offshore development

Cashfac Technologies, the market leader in Bank-to-Corporate Cash Management solutions, today announced a partnership agreement with NashTech’s IT outsourced development and test operations.

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Metro Bank outsources card processing to Tsys

TSYS (TSS) today announced that it has signed an agreement to process Metro Bank’s credit and debit card portfolios on TSYS’ TS2 processing platform, as well as provide Metro Bank fraud management services through TSYS Managed Services EMEA.

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BIL Suisse migrates to Avaloq's Swiss BPO platform

The Avaloq group has successfully migrated Banque Internationale à Luxembourg Suisse SA (BIL Suisse) to its Swiss business process outsourcing (BPO) solution.

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CGI signs 10-year outsourcing agreement with Northern Savings CU

CGI (TSX: GIB.A) (NYSE: GIB) and Northern Savings Credit Union have entered into a 10-year agreement for the outsourcing of core banking services.

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Fujitsu wins five-year contract with Royal London

Fujitsu today announced it has won a contract with Royal London, the largest mutual life, pensions and investment company in the UK.

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CGI wins $420 million contract extensions with National Bank of Canada

CGI (GIB-A.TO) (GIB) announced today that its IT services agreement with National Bank of Canada has been extended to 2025.

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Milestone Group expands in Africa with Global ASP partnership

Milestone Group, the global provider of optimised fund processing solutions, has announced the establishment of ‘pControl Africa’.

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Infosys selected as strategic technology partner for Deutsche Bank

Infosys (INFY), a global leader in consulting, technology, outsourcing and next-generation services, including be-spoke development, application maintenance services, digital and mobility, package implementation, and testing services, has announced that it has signed a multi-year agreement with Deutsche Bank.

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US Bank extends Tsys contract

Tsys (TSS) announced today that it has signed a long-term renewal with U.S. Bank. As part of the agreement, Tsys will continue to support the bank’s commercial card payment services in the United States, Europe and Canada, and will also support their acquiring business.

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Detusche Bank extends Accenture BPO procurement contract

Accenture (ACN) today announced a five-year contract extension with Deutsche Bank to continue to provide procurement business process outsourcing (BPO) services globally to the bank.

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Finisterre Capital to outsource technology platform to Lanware cloud

Lanware today announced that the firm has been awarded a three year contract to provide its cloud based technology outsourcing services to Finisterre Capital LLP, a hedge fund and part of Principal Global Investors (PGI) who took a majority stake in Finisterre Capital in 2011.

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BBVA adopts Broadridge post-trade utility model

BBVA Group has entered a multi-year agreement with Broadridge Financial Solutions, Inc. (NYSE: BR) for a post-trade Managed Service to support its institutional fixed income business in the U.S. BBVA becomes one of more than two dozen clients to adopt Broadridge's North American Managed Service, an industry-leading utility model that enables BBVA to expand its product offering and gain significant trade processing and cost savings and enhance its risk controls.

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SIX Payment Services completes migration of bank card portfolios to new platform

When banks outsource their Issuing Processing, they rely on the expertise of their technology partner in payments as well as technical performance.

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Crédit Agricole IT unit Silca embarks on infrastructure management project

Silca, an IT subsidiary of Crédit Agricole S.A., has announced the implementation of a transformation program aimed at modernizing its IT infrastructures to enable the digitalization and securing of banking activities.

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Walmart sticks with Green Dot

Green Dot Corporation (NYSE:GDOT) announced today that it has entered into a new, long-term agreement with Walmart, whereby Green Dot Corporation and Green Dot Bank will continue to serve as the program manager and issuing bank for the Walmart MoneyCard suite of prepaid reloadable debit card products.

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Twenty First Capital selects Caceis for asset servicing

Asset Management company, Twenty First Capital has selected CACEIS as the Asset Servicing partner for its first Luxembourg UCITS fund, TFC TACTICAL Long/Short Fund, launched on the 22nd of May.

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