Outsourcing

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Fiserv reports outsourcing trend among core processing clients

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that more than 80 Fiserv bank clients have completed a migration to outsourced core processing in the past 24 months, with nearly 60 more scheduled to make the move in 2019.

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Camden National Bank outsources core to Jack Henry

Jack Henry Banking division announced today that Camden National Bank has made several strategic technology decisions to strengthen its infrastructure as the bank grows and evolves to meet the needs of its customers.

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Outsourced trading gaining in popularity

A new Greenwich Associates report, Outsourced Trading: Helping the Buy Side Improve Execution and Enhance Operational Efficiency investigates outsourced trading and the perception of U.S. institutional asset management and hedge fund professionals toward this growing industry.

Barclays Bank to transfer Lithuanian operations staff to HCL Technologies

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Barclays Bank to transfer Lithuanian operations staff to HCL Technologies

Barclays Bank is to transfer 460 staff to HCL Technologies as part of an IT infrastructure partnership that will deliver a range of digital services to the bank's 80,000 employees globally.

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Punjab National Bank inks management services deal with NCR

NCR Corporation (NYSE: NCR), a leader in banking and commerce solutions, today announced a new managed services agreement with Punjab National Bank (PNB), India’s third largest public sector bank.

Sberbank acquires Russian outsourcing firm Intercomp

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Sberbank acquires Russian outsourcing firm Intercomp

Sberbank has completed a deal to acquire Intercomp, Russia’s leading business process outsourcing (BPO) company.

Bankgirot signs seven-year outsourcing deal with Evry

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Bankgirot signs seven-year outsourcing deal with Evry

Swedish payment processor Bankgirot has outsourced its IT operations to Nordic software house Evry in a seven-year deal valued at SEK700 million.

Banks must mimic edge computing implementation of tech giants - Gartner

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Banks must mimic edge computing implementation of tech giants - Gartner

At this year’s Gartner IT Infrastructure, Operations & Cloud Strategies Conference, research vice president and agenda manager Bob Gill from the advisory firm suggested that banks in need of improving customer experience must look at what the big tech players are doing.

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Symitar expands outsourcing initiatives

Jack Henry & Associates, Inc.® (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry.

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Unisys lands seven-figure deal from Sutherland Mortgage Services

Sutherland Mortgage Services has announced a five-year, seven-figure deal with global information technology company Unisys Corporation to launch a bespoke outsourced mortgage servicing platform for the UK market.

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Volksbank in der Ortenau agrees early extension of agreement with SIX Payment Services

Volksbank in der Ortenau eG, one of the largest cooperative banks in Baden-Württemberg (Germany), will be relying on the services of SIX Payment Services in Acquiring Processing for a further five years, therefore successfully positioning itself as the bank of choice with their business customers.

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First Data extends Wels Fargo joint venture

First Data (FDC) announced today that it has extended its merchant acquiring joint venture with Wells Fargo Bank, Wells Fargo Merchant Services (WFMS), until December 31, 2024.

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Aldermore extends processing contract with Newcastle Building Society

Newcastle Strategic Solutions, part of the Newcastle Building Society Group, today announces that it has extended its existing contract with Aldermore to continue to manage its retail savings portfolio from its North East base.

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Cynozure offers chief data officer on demand

Cynozure, the data and analytics strategy consultancy, today announces its CDO Hub, an innovative and pioneering service for businesses of all sizes to access the very best data expertise, as and when needed.

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IBM strikes $140 million managed services deal with Thailand's Krungsri

IBM (NYSE: IBM) and Krungsri (Bank of Ayudhya PCL), one of Thailand's largest financial institutions with 8.6 million credit cards, sales finance, and personal loan accounts, today announced a five-year US$140M engagement, to support the bank's future roadmap for growth and focus on digital banking.

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Credit Agricole outsources listed derivatives back office to Caceis

Crédit Agricole CIB has appointed CACEIS as one of its main listed derivatives clearers.

Commerzbank outsources all Sepa transactions to equensWorldline

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Commerzbank outsources all Sepa transactions to equensWorldline

Commerzbank is preparing for the arrival of instant payments across Europe by outsourcing all of its payments processing in the Single Euro Payments Area (Sepa) to equensWordline.

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SRM looks to automate contract management

SRM (Strategic Resource Management) is an independent advisory firm for financial institutions, specializing in vendor services related to payments, digital banking, core processing and operational efficiencies.

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CivilisedBank outsources HR to The Curve Group

The Curve Group, one of the UK’s fastest growing Recruitment and HR outsourcing companies, announces today that it has entered into an exciting partnership with CivilisedBank to provide them with an exclusive HR Outsource solution.

ECB's Hakkarainen warns on IT outsourcing risks

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ECB's Hakkarainen warns on IT outsourcing risks

As the digitalisation of banking gathers pace, outsourcing of key IT services to third parties poses an increasing risk to the sector, warns a senior European Central Bank figure.

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