Latest Outsourcing News: Finextra Research

ECB warns banks on outsourcing risks

The European Central Bank is warning banks that their management of outsourcing risk must improve, with a stringent focus on the processing of personal data.

21 February 2024

News/payments

Finextra's top research reports of 2023

With 2023 drawing to a close, we take a look back at our most downloaded whitepapers, sentiment papers and surveys over the course of the past year. These reports are Finextra-led and cobranded, based on editorially balanced, independent, referenced desk-based and online research.

28 December 2023

News/payments

Finextra's top impact study reports of 2023

With 2023 drawing to a close, we take a look back at our most downloaded impact study reports over the course of the past year. Our impact study reports are how-to, best practice guides that support those in the financial industry in their utilisation and optimisation of particular technologies, as well as providing an outlook at future trends to watch.

27 December 2023

News/devops

Infosys scores tech outsourcing deal with Danske Bank

Indian IT services provider Infosys has secured a digital transformation contract with Denmark’s Danske Bank.

26 June 2023

News/people

Ex-TSB CIO fined £80k over bungled IT migration

The former chief information officer of TSB Bank has been fined over £80,000 for his part in a bungled IT migration programme in 2018 that locked customers out of their accounts for weeks and led to months of ongoing technical problems.

13 April 2023

News/cloud

Financial Cloud Summit 2023: Strategising digital transformation and balancing trust with partners

To successfully engage in digital transformation in the transition to the cloud, financial firms are looking for creative methods to approach their cloud strategy. In doing so, companies are dealing with issues of cost, security, and scalability. The first stage of the conference explores how companies are making strategic on visibility, data ownership, cloud providers, and more.

02 March 2023

News/payments

BNY Mellon offers outsourced trading to buy-side customers

BNY Mellon Capital Markets, LLC has expanded its outsourced trading offering to a buy-side trading division, xBK.

27 January 2023

News/cloud

Finextra announces inaugural Financial Cloud Summit

Finextra is pleased to announce the launch of its inaugural Financial Cloud Summit, set to take place in early 2023.

03 August 2022

News/regulation

India proposes tougher IT outsourcing rules for banks

India's central bank, the Reserve Bank of India (RBI), is set to introduce new rules for IT outsourcing within the financial services sector.

27 June 2022

News/regulation

FCA selects Aiimi’s Insight Engine for three year contract

Following an extensive evaluation and Alpha testing phase, the FCA has selected UK data firm Aiimi’s Insight Engine to improve the regulator’s data analytics.

10 November 2021

News/regulation

Money 20/20 EU: ‘A listing is for life, not just for Christmas’

Amsterdam: Finextra is on the ground at Money 20/20 Europe, attending a host of sessions to provide you with key highlights from the most popular sessions throughout the conference.

22 September 2021

News/retail

Westpac rolls back offshore outsourcing for customer facing contact roles

Westpac has brough over 1000 jobs back to Australia following a commitment in 2020 to roll back offshoring of customer facing contact roles.

27 August 2021

News/markets

Commerzbank faces €200m hit after ditching HSBC outsourcing deal

Commerzbank will write off €200 million in the second quarter after deciding to abandon plans to outsource securities settlement to HSBC, citing "technical implementation risks".

23 July 2021

News/people

The Floor appoints former Citi exec Attar CTO

The Floor, an Israeli AI-powered vendor management outfit for banks, has appointed former Citi executive Tsafrir Attar as chief technology officer.

23 April 2021

News/cloud

EBAday 2020: Banks, fintechs or card networks, what will be disintermediated after cloud adoption?

While day one discussions centred around how open banking needs to reach a point where it is just accepted as a conventional way that consumers, corporates and banks can manage their accounts and make payments, panel sessions on the second day of EBAday 2020 focused on how the cloud and Payments as a Service (PaaS) can also act as an enabler for open banking, potentially cutting out rails that are currently acting as intermediaries.

25 November 2020

News/people

TCS acquires 1500 employees from Prudential subsidiary to staff new tech centre in Ireland

Tata Consultancy Services is to acquire the staff and select assets of Prudential's Irish IT subsidiary Pramerica Systems Ireland.

16 November 2020

News/regulation

FSB highlights risks arising from bank outsourcing and third party relationships

The Financial Stability Board is attempting to develop a co-ordinated regulatory approach to the risks arising from bank outsourcing and third party relationships.

09 November 2020

News/devops

WEF executive: Traditional finance business model no longer working

Simon Torrance, senior adviser at corporate innovation firm, Rainmaking, claims that the traditional financial services business model is no longer working.

28 October 2020

News/crypto

Sibos 2020: What percentage of cross-border payments could be made in CBDCs?

Delegates discussing central bank digital currencies (CBDCs) at Sibos 2020 agree that there is a long road ahead for global mass adoption to facilitate cross-border payments.

07 October 2020

News/retail

Metro taps Wipro for IT transformation

The UK's Metro Bank has inked a multi-year contract with Indian IT services giant Wipro to deliver and transform testing and environment management services.

31 July 2020