Outsourcing

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/Outsourcing

Detusche Bank extends Accenture BPO procurement contract

Accenture (ACN) today announced a five-year contract extension with Deutsche Bank to continue to provide procurement business process outsourcing (BPO) services globally to the bank.

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Finisterre Capital to outsource technology platform to Lanware cloud

Lanware today announced that the firm has been awarded a three year contract to provide its cloud based technology outsourcing services to Finisterre Capital LLP, a hedge fund and part of Principal Global Investors (PGI) who took a majority stake in Finisterre Capital in 2011.

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BBVA adopts Broadridge post-trade utility model

BBVA Group has entered a multi-year agreement with Broadridge Financial Solutions, Inc. (NYSE: BR) for a post-trade Managed Service to support its institutional fixed income business in the U.S. BBVA becomes one of more than two dozen clients to adopt Broadridge's North American Managed Service, an industry-leading utility model that enables BBVA to expand its product offering and gain significant trade processing and cost savings and enhance its risk controls.

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SIX Payment Services completes migration of bank card portfolios to new platform

When banks outsource their Issuing Processing, they rely on the expertise of their technology partner in payments as well as technical performance.

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Crédit Agricole IT unit Silca embarks on infrastructure management project

Silca, an IT subsidiary of Crédit Agricole S.A., has announced the implementation of a transformation program aimed at modernizing its IT infrastructures to enable the digitalization and securing of banking activities.

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Walmart sticks with Green Dot

Green Dot Corporation (NYSE:GDOT) announced today that it has entered into a new, long-term agreement with Walmart, whereby Green Dot Corporation and Green Dot Bank will continue to serve as the program manager and issuing bank for the Walmart MoneyCard suite of prepaid reloadable debit card products.

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Twenty First Capital selects Caceis for asset servicing

Asset Management company, Twenty First Capital has selected CACEIS as the Asset Servicing partner for its first Luxembourg UCITS fund, TFC TACTICAL Long/Short Fund, launched on the 22nd of May.

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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

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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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