Outsourcing

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/Outsourcing

US Bank pivots to middle office outsourcing for CLOs

U.S. Bank Global Corporate Trust Services has enhanced its online platform, Pivot, expanding access to collateralized loan obligation (CLO) managers that outsource middle office services.

/Outsourcing

Citizen's Bank signs five-year IT ops deal with IBM

IBM (NYSE: IBM) has signed a five-year IT services agreement with Citizens Bank, N.A., a wholly-owned banking subsidiary of Citizens Financial Group, Inc. (CFG), to transition its back-end technology infrastructure to a managed services environment.

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Shell Geismar Federal Credit Union signs for Fiserv account processing platform

Fiserv, Inc. (FISV), a leading global provider of financial services technology solutions, announced today that Shell Geismar Federal Credit Union, based in Gonzales, Louisiana, has selected the CUnify account processing platform in an outsourced deployment.

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D3 Banking debuts hosted platform

D3 Banking, the leading innovator in data driven digital™ banking, announced that its solution is now available in a hosted environment.

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Bancolombia hands over the operation of self-service systems to Wincor Nixdorf

Wincor Nixdorf has received a three-year contract from Bancolombia for the operation of its 1,160 self-service systems. The bank also ordered 800 ProCash 280 automated teller machines.

/Outsourcing

Karnataka Bank strikes ATM outsourcing deal with FIS

Karnataka Bank Limited, a major, privately owned bank based in southwestern India, will expand 24x7 transaction banking access to its customers with its new “e-lobby” services, supported through a multi-year ATM outsourcing agreement with FIS, a global leader in banking and payments technology as well as consulting and outsourcing solutions.

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Tieto acquires Cerdo's savings and payments services

Tieto is acquiring Cerdo Bankpartner's services in administrative payments and savings for the banking and financial sector.

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Argent Financial selects FIS for trust operations outsourcing

Combining innovative technology with secure BPO servicing, FIS™ (FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, continues to reinvent traditional trust operations.

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London Capital hosts FX trading platform with smartTrade

smartTrade Technologies, a global leader in multi asset, end-to-end trading solutions for Tier1, Tier2, regional Banks, Brokers and Asset Managers, has been selected by London Capital Group, a leading provider of online retail and private clients trading services, to deliver a fully automated and hosted FX trading platform.

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Fidessa selected by Fiera Capital for fixed income and derivatives

Fidessa group plc (LSE: FDSA) today announced that Fiera Capital Corporation (“Fiera Capital”) (FSZ.TO), a leading independent Canadian investment manager, has deployed Fidessa’s investment management system (IMS) across its fixed income operations. The managed service, which includes compliance, order management, portfolio management and connectivity, has enabled Fiera Capital to quickly scale its fixed income business and accelerate time to market in a cost-effective manner. Derivatives will follow later this year.

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Carlyle Group to acquire Conifer Financial Services

Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that it has agreed to acquire a majority stake in Conifer Financial Services LLC, a leading, independent asset services firm.

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Bank Tabungan Negara Indonesia signs two-year ATM deal with Wincor Nixdorf

The Indonesian Bank Tabungan Negara has signed a two-year agreement with Wincor Nixdorf to operate its 370 ATMs from a variety of manufacturers.

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BCB Bancorp outsources core banking to Jack Henry

Jack Henry announced today that BCB Bancorp has selected the SilverLake System core processing system to provide enterprise-wide automation.

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Xerox to sell IT outsourcing business to Atos for $1.1 billion

Xerox (NYSE: XRX) today announced an agreement to sell its Information Technology Outsourcing (ITO) business to Atos for $1.05 billion prior to closing adjustments, with additional consideration of $50 million subject to the condition of certain assets at closing.

/Outsourcing

Sparkasse Bremen renews outsourcing contract with Wincor Nixdorf Portavis

Wincor Nixdorf Portavis’s contract as IT outsourcing partner of Sparkasse Bremen is to be renewed for a further five years starting October 1, 2015.

/Outsourcing

Tieto wins EnterCard outsourcing contract extension

Nordic financial services company EnterCard extends its existing outsourcing agreement with Tieto.

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Belgian Post outsources ATM management to Diebold

Belgian Post (bpost), the leading postal operator in Belgium, has implemented multi-vendor software from Diebold, Incorporated (DBD) across its network of 450 heterogeneous automated teller machines (ATMs).

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Punjab National Bank inks five-year outsourcing deal with Aegis

Aegis Limited, a global outsourcing and technology services company, announced today that it signed a 5-year contract with Punjab National Bank (PNB), one of the largest nationalized banks in India with over 6,000 branches and a legacy of over 120 years.

/Outsourcing

SGSS launches outsourced wealth management platform in UK

Societe Generale Securities Services (SGSS) has launched a fully integrated Wealth and Investment Management outsourcing solution for the UK.

/Outsourcing

Cardtronics scores Co-op Food ATM operating deal

Cardtronics (CATM) today announced that its U.K.-based business is entering into a seven-year, exclusive agreement to operate approximately 1,800 ATMs located in Co-operative Food ("Co-op Food") stores across the U.K. Cardtronics will take on the operation of the ATMs no later than January 2016, upon expiration of the existing ATM contract.

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