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.

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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.

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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.

Accenture moves into post-trade processing

/Outsourcing

Accenture moves into post-trade processing

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.

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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.

Nationwide boosts IT cost transparency with Apptio

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Nationwide boosts IT cost transparency with Apptio

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.

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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.

Deutsche Bank and HP ink multi-billion dollar IT outsourcing pact

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Deutsche Bank and HP ink multi-billion dollar IT outsourcing pact

Deutsche Bank has signed a ten-year, multi-billion dollar deal to outsource a large chunk of its wholesale IT infrastructure to HP.

SS&C joins fintech bulge-bracket with $2.7 billion Advent acquisition

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SS&C joins fintech bulge-bracket with $2.7 billion Advent acquisition

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.

AIB hands IT outsourcing contract to Wipro

/Outsourcing

AIB hands IT outsourcing contract to Wipro

Wipro has won a five-year IT outsourcing deal with AIB which will see 130 staff moved to the Indian tech services firm.

AIB to outsource 170 IT jobs

/Outsourcing

AIB to outsource 170 IT jobs

AIB is to outsource 170 technology roles following a review of its IT operations.

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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.

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