494 articles tagged with this keyword
News/Outsourcing
Wincor Nixdorf has acquired a 51% stake in Bankberatung, a provider of IT consultancy and services to German retail banks. Financial terms of the deal were not disclosed.
24 September 2008
Lloyds TSB should be forced to halt all offshoring programmes in return for government support for its takeover of Hbos, according to a union representing thousands of staff at the bank.
23 September 2008
US financial technology vendor Fundtech says it will record a charge in the third quarter of up to $600,000 relating to the bankruptcy of Lehman Brothers.
22 September 2008
The Polish National Depository for Securities (KDPW) is implementing Microsoft's BizTalk Server for Swift as its enterprise financial messaging platform and will use the technology for the transport, management and exchange of Swift transactions.
17 September 2008
Sinsys, a majority-owned subsidiary of SIA-SSB, has won a five-year card issuing processing contract with Austria's PayLife Bank.
16 September 2008
HSBC has launched a 'plug-and-play' outsourced payments system for corporates and banks looking to ease back office connectivity issues and lower the ongoing fixed costs associated with managing their own transaction processing activities.
Royal Bank of Scotland has launched a Swift service bureau for corporates that require an outsourced service for connecting to the interbank network.
10 September 2008
Nearly half of US and European financial services firms have cut their technology budgets this year due to the economic crisis, according to a survey from Forrester Research.
09 September 2008
Xchanging, a UK-based provider of back office processing services, has appointed former HypoVereinsbank (HVB) COO Matthias Sohler as head of European financial services.
08 September 2008
US technology group Metavante has appointed Goldman Sachs to find a buyer for its 20% stake in Indian BPO venture Firstsource, according to the Financial Times.
Users of Westpac's online banking services will face disruption later this week when IBM technical support staff begin strike action, warns the Australian Services Union.
01 September 2008
Tata Consultancy looks set to edge out IBM in the bidding for Citi's captive Indian back office unit, according to the Economic Times.
19 August 2008
Internal restructuring has resulted in banks shedding far more staff than the outsourcing of functions to offshore centres, according to a European study by Deutsche Bank.
11 August 2008
Around 500 UK back office staff are facing redundancy following a decision by Barclays not to renew a business process outsourcing (BPO) contract with Siemens.
05 August 2008
UK insurer Norwich Union is set to axe up to 500 operations jobs at its York offices and transfer the work to third party suppliers.
31 July 2008
Portugal's Banco Espírito Santo (BES) has expanded its IT outsourcing contract with IBM to cover the bank's entire midrange infrastructure.
18 July 2008
Indian IT systems house HCL Technologies is to acquire the fixed assets of UK life and pensions outsourcer Liberata Financial Services for $2 million.
16 July 2008
Visa Europe is migrating its transaction network onto BT's IP-based 21CN Global Network under a five year managed services deal.
15 July 2008
Thailand's Thanachart Bank has inked a seven year, $60 million, information technology outsourcing services deal with IBM.
11 July 2008
Insurance group Aviva has sold its offshoring operations to Indian business process outsourcing (BPO) firm WNS in a £115 million cash deal.
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