Outsourcing

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/Outsourcing

More than half of institutional investors plans to outsource data management by 2021

State Street Corporation (NYSE: STT) announced today new research[1], which reveals that more than half (60 percent) of institutional investors surveyed plan to partly or fully outsource their data management over the next three years.

Brexit, cyber-resilience, Open Banking to the fore at Swift London forum

/Outsourcing

Brexit, cyber-resilience, Open Banking to the fore at Swift London forum

The Swift Business Forum London recently took place at the city's Tobacco Dock. With a record 1,300 registrations, the key themes of the day included innovation in financial services, community collaboration, and cyber resilience. And of course, being hosted in the UK, Brexit and its potential impacts also came up in discussion

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Nabil Bank moves card processing to Compass Plus

Nabil Bank, one of the leading banks in Nepal and the first private sector bank in the country, has migrated its card processing business to the Compass Plus Processing Centre.

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Cardtronics bags ATM management deal with TDECU

Cardtronics (Nasdaq: CATM) today announced that TDECU, the largest credit union in Houston with more than 275,000 members, has selected Cardtronics to operate and manage its entire ATM fleet.

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BBVA hands IBM Latin American and US tech contract

BBVA Group signs the second phase of its global accord on optimizing data processing, centered on Latin America and the US.

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TCS scores £500m M&G Prudential contract

M&G Prudential, the UK and European savings and investments business of Prudential plc, announces a new agreement with Tata Consultancy Services (TCS), a global leader in IT, business process and digital services, to digitally transform their business and deliver enhanced service for its UK savings and retirement customers.

SS&C agrees $5.4bn DST Systems takeover

/Outsourcing

SS&C agrees $5.4bn DST Systems takeover

SS&C has agreed a $5.4 billion cash deal to buy DST Systems, giving a major boost to its move into the $25 trillion US retirement market.

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Network International leads Emirates NBD's credit card migration to Network One platform

Network International, the leading payment solutions provider in the Middle East and Africa (MEA) has led the successful migration of Emirates NBD's credit card issuing business, moving over one million cards to Network One, Network International's leading edge processing platform.

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Unisys wins ECB IT outsourcing contract

The European Central Bank (ECB) today signed a contract with Unisys to manage its IT operations, which include the IT support desk and operation of the data centre.

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Tradeshift partners with Infosys BPO

Tradeshift, the world’s largest business commerce platform, today announced a partnership with Infosys BPO, the Business Process Outsourcing subsidiary of Infosys Limited (INFY).

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Financial services brings offshore jobs back to the UK

UK financial services companies are increasingly bringing their offshored operations back to home nations as companies are being affected by rising costs and lacklustre service in offshore regions, according to specialised recruiter Robert Half Financial Services.

Banks cite cyber security and outsourcing as operational risk concerns grow

/Outsourcing

Banks cite cyber security and outsourcing as operational risk concerns grow

More than half of European banks foresee an increase in operational risk as the fintech revolution brings concerns about cyber-security, IT failures and outsourcing problems to the fore, according to research from the EBA.

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LiquidityBook unveils LBX Outsourced Trader

LiquidityBook, a leading Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, today announced the launch of LBX Outsourced Trader.

Top banks create third-party risk management company

/Outsourcing

Top banks create third-party risk management company

Some of America's biggest financial institutions, including American Express, Bank of America, JPMorgan and Wells Fargo, have set up a new company that will carry out risk assessments on suppliers and partners.

/Outsourcing

BNP Paribas to take over Janus Henderson US post-trade operations

Janus Henderson Investors (NYSE:JHG, ASX:JHG) today announced that BNP Paribas Securities Services, a leading global custodian with over $10 trillion in assets under custody as of September 30, 2017, will assume responsibility for the majority of Janus Henderson's back office (including fund administration and fund accounting), middle office and custody functions in the U.S.

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Diebold Nixdorf expands managed serices portfolio

Managing automated teller machines (ATMs) or point-of-sale (POS) devices in-house can cost financial institutions and retailers 20 percent more than outsourcing to a managed services provider.

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Diebold signs UAE partnership agreement with Transguard

Transguard Group and Diebold Nixdorf today announced a strategic partnership to provide financial institutions and retailers in the United Arab Emirates (UAE) with best-in-class services and technology.

CBA says not 'stepping back' from cybersecurity despite offshoring plans

/Outsourcing

CBA says not 'stepping back' from cybersecurity despite offshoring plans

Commonwealth Bank of Australia has been forced to defend its commitment to cyber security after it emerged that the lender is set to offshore some critical IT functions.

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Tesco Bank extends Capita mortgage services deal

Capita has agreed a contract extension until 2020 to provide mortgage services to Tesco Bank.

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The ai Corporation launches payments fraud outsourcing model

The ai Corporation (ai) an FCA approved expert in fraud and risk management, has today launched its outcome-based fraud service model.

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