326 articles tagged with this keyword
News/Outsourcing
More than half of European banks foresee an increase in operational risk as the fintech revolution brings concerns about cyber-security, IT failures and outsourcing problems to the fore, according to research from the EBA.
28 November 2017
Some of America's biggest financial institutions, including American Express, Bank of America, JPMorgan and Wells Fargo, have set up a new company that will carry out risk assessments on suppliers and partners.
15 November 2017
Commonwealth Bank of Australia has been forced to defend its commitment to cyber security after it emerged that the lender is set to offshore some critical IT functions.
26 September 2017
The financial services sector drove the UK outsourcing market to record levels in the first half of 2017, with big firms signing major IT contracts.
04 August 2017
Lloyds Bank has finally put pen to paper on a long-mooted £1.3 billion, 10-year mega outsourcing deal with IBM, which will see 1500 staff and contractors moved to Big Blue.
09 June 2017
Lloyds Banking Group is planning to outsource large parts of its IT estate and transfer 1900 staff to IBM in a deal worth £1.3 billion over seven years.
13 March 2017
Emerging financial technology poses a threat to US banks that are unable to compete with this developing field, according to an official report from the US Office of the Comptroller of the Currency (OCC).
06 January 2017
Shares in Indian outsourcing giant Tata Consultancy Services (TCS) dipped to a six month low after the firm warned that American financial sector clients are holding back on discretionary spending.
08 September 2016
Indian IT services group Tech Mahindra has agreed to buy Target Group, a UK business process outsourcing (BPO) and software provider to financial institutions, for an enterprise value of £112 million.
27 May 2016
Top tier banks are increasingly open to the adoption of utility-based shared service models to drive down costs and increase efficiency in back office and compliance functions, according to research conducted by Finextra.
17 February 2016
Indian IT services group Infosys is promising to create 250 fintech-related jobs in Ireland over the next three years.
07 December 2015
The Prudential Regulation Authority (PRA) has fined Raphaels Bank £1.3 million for "potentially putting its safety and soundness at risk" by failing to properly manage an outsourcing deal for its cash machines.
27 November 2015
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.
05 October 2015
Ireland has received a timely boost to its employment figures thanks to the creation of almost 500 new jobs in the country's blossoming fintech industry.
22 July 2015
With Australia's banks increasingly turning to the public cloud, the country's financial services watchdog has warned of "areas of weakness" in how the shift is being managed.
07 July 2015
Indian IT services group Infosys is to set aside $10 million from its $500 million innovation fund to invest in Irish startups on the back of a new outsourcing deal with Allied Irish Bank.
03 July 2015
Accenture is looking to cash in on the trend for banks to share back office processing costs after receiving approval from the UK's Financial Conduct Authority for the operation of a new post-trade utility.
08 April 2015
Nationwide Building Society has deployed Apptio's Technology Business Management (TBM) software in order to 'sweat' its IT and measure the cost, quality, and value of its enterprise-wide technology services.
02 April 2015
Deutsche Bank has signed a ten-year, multi-billion dollar deal to outsource a large chunk of its wholesale IT infrastructure to HP.
24 February 2015
SS&C is to buy Advent Software for $2.7 billion in cash in a bid to capitalise on a growing trend for outsourcing of software and services in the financial sector.
03 February 2015
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