326 articles tagged with this keyword
News/Outsourcing
French bank Societe Generale is pondering outsourcing around 400 corporate and investment back office jobs to Accenture, according to Reuters.
22 November 2012
The number of ATMs in India will double over the next four years, to 200,000, as regulatory changes that open the market up to non-banks take effect, according to Celent.
12 October 2012
The bargain-basement acquisition of 632 Lloyds bank branches and 754 ATMs by the UK's Co-operative group includes a long-term technology services agreement between the two parties.
19 July 2012
Royal Bank of Scotland is refusing to confirm or deny reports that an inexperienced IT operative in India was partially responsible for the computer meltdown that afflicted payments processing at the bank last week.
27 June 2012
Wells Fargo is considering exporting jobs to offshore sites in India and the Philippines as it embarks on a company-wide cost-cutting programme aimed at eliminating billions of dollars in quarterly expenses.
21 June 2012
ING US has inked a seven year, $330 million, insurance business process services contract with Cognizant that sees 1000 employees transfer to the vendor.
15 June 2012
Australia's ANZ has inked a software testing outsourcing contract with Capgemini that will see 360 of the bank's IT staff move to the French vendor.
06 June 2012
Clearstream has inked a deal with BME-owned central securities depository Iberclear, that will see the pair develop a tri-party collateral management service for Spain by 2013.
22 May 2012
IBM has scored a $100 million IT outsourcing deal with Banco de Credito del Peru (BCP).
09 May 2012
Lloyds Banking Group is axing 100 IT jobs and transferring another 300 to India as part of a wider cull, decried as "brutal" by unions, at the taxpayer-backed institution
13 March 2012
Australian bank Westpac is cutting 126 jobs, including 119 in information technology, and outsourcing the work to India in a bid to cut costs.
06 March 2012
UniCredit-owned Ukrainian bank PJSC Ukrsotsbank has signed a 10-year, $200 million IT systems and processes outsourcing contract with IBM.
09 February 2012
Australia's Westpac is set to axe 400 positions and offshore another 150 roles in the latest round of job cuts at the bank.
02 February 2012
La Caixa has inked a 10-year strategic services agreement with IBM which will see Big Blue mange the Spanish bank's infrastructure technology budget, worth EUR2 billion over the period.
03 January 2012
BT has bagged a £45 million deal with CLSA Asia Pacific Market to provide a fully managed voice, data and trading systems network across 14 countries in the Asia Pacific region, the UK and the US.
12 December 2011
The UK's government-backed savings scheme National Savings & Investment (NS&I) has put out a tender for an outsourcing deal that could be worth up to £2 billion for the successful bidder.
24 November 2011
Australian bank Westpac is axing 188 jobs in its IT department as part of a cost-reduction programme that will see it outsource more functions.
14 November 2011
Accenture has signed a deal to acquire Itaca Service, an IT services business owned by Banco Popolare subsidiary, Banca Italease. The vendor has also inked five year outsourcing agreements with Banco Popolare and Itaca Service customer Alba Leasing.
01 November 2011
SunGard has reached an agreement on the acquisition of Syntesys, a European Swift service bureau, in a bid to expand its outsourcing service for corporate to bank messaging.
19 September 2011
City luminaries will gather at the London Stock Exchange later this month to debate the future of back office outsourcing in an era of cloud computing and software-as-a-service technology models in the latest Finextra Post-Trade Forum event.
02 September 2011
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