Outsourcing

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/Outsourcing

Ohpen receives FCA authorisation

Ohpen announced today that it has gained approval from the regulator, the Financial Conduct Authority (FCA), to carry out its regulated activities.

/Outsourcing

BBVA Compass renews Tsys payments deal

TSYS (TSS) announced today that it has signed a long-term renewal of its payments services agreement with BBVA Compass to continue processing the bank’s consumer, commercial and small business credit card portfolios.

US regulator cites fintech as risk to banking system

/Outsourcing

US regulator cites fintech as risk to banking system

Emerging financial technology poses a threat to US banks that are unable to compete with this developing field, according to an official report from the US Office of the Comptroller of the Currency (OCC).

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Japan's Aplus selects IBM LinuxOne for credit card processing

IBM (NYSE: IBM) today announced that Japan-based APLUS Co., Ltd., which operates credit card and settlement service businesses, has selected IBM LinuxONE® as its mission-critical system for credit card payment processing.

/Outsourcing

Tieto provides card services to Marginalen Bank

Tieto has signed an agreement with Marginalen Bank to provide PCI DSS certified endto-end card services.

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Tsys renews card processing deal with Advanzia Bank

TSYS (TSS) today announced that it has renewed its payments agreement with Advanzia Bank S.A., the largest issuer of credit cards in Luxembourg, to continue processing the bank’s consumer credit card portfolio.

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Tsys signs debit processing deal with Virgin Money

TSYS (TSS) today announced that it has reached a long-term agreement to provide debit processing services for Virgin Money customers within the United Kingdom.

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UAE's Mashreq extends Planet Payment contract

Planet Payment, Inc. (PLPM), a leading provider of international and multi-currency payment processing and transaction services, and Mashreq, one of the UAE’s leading financial institutions, announced the extension of their contract through 2021.

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German savings bank Jena hands over ATM network to NCR

NCR Corporation (NYSE: NCR), a leader in omni-channel solutions, will take over the complete operations of the ATM network of Sparkasse Jena in July 2017.

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BDO Unibank selects Fiserv for managed IT support

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that BDO Unibank, one of the largest banks in the Philippines, expanded their relationship with Fiserv to include Managed Services to support the IT initiatives of the bank.

/Outsourcing

Avanade contracted by Aspect to manage IT system

Avanade, the leading provider of innovative digital and cloud services, business solutions and design-led experiences for its clients, today announced that it will help Aspect to manage its IT platform with scalable product support and development, supporting the company’s strong growth trajectory.

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Tsys renews card payment deal with Rabobank

TSYS (TSS) today announced that Rabobank has renewed its payments agreement with TSYS to continue processing the bank’s consumer card portfolio.

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Pimco renews State Street outsourcing deal

State Street Corporation (STT) announced today that it has been reappointed by PIMCO to provide investment manager services outsourcing in support of $1.55 trillion in assets under management.

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Atos scores long term Aegon contract

Industry leading digital services company, Atos UK&I, today announced it has secured a thirteen year contract with life and pensions provider Aegon to deliver its protection business processes.

/Outsourcing

FCA fines Aviva over shoddy outsourcing oversight

The Financial Conduct Authority (FCA) has today fined Aviva Pension Trustees UK Limited and Aviva Wrap UK Limited (together Aviva) £8,246,800 for failings in its oversight of its outsourced providers in relation to the protection of client assets.

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Over half of financial institutions look to outsource tax services

Research conducted by SIX Securities Services has revealed that as financial institutions become increasingly capital constrained, almost a third (32%) are looking to outsourcing as a way to reduce costs.

/Outsourcing

ING-Diba outsources ATM network management to NCR

NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, announced today that it is now running and managing ING-DiBa Germany’s entire ATM network.

India's TCS shares dip on US bank spending cutbacks

/Outsourcing

India's TCS shares dip on US bank spending cutbacks

Shares in Indian outsourcing giant Tata Consultancy Services (TCS) dipped to a six month low after the firm warned that American financial sector clients are holding back on discretionary spending.

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QIIB signs managed services contract with NCR

Qatar International Islamic Bank (QIIB), one of the leading banks in Qatar, announced today that it has chosen NCR, a global leader in omni-channel technologies to monitor and manage QIIB’s ATM network for several years, helping the bank to improve efficiency and reduce operational costs.

/Outsourcing

MainstreamBPO to acquire New York based hedge fund administrator Fundadministration, Inc.

Fund administration provider MainstreamBPO Limited group (ASX: MAI) has announced to the ASX the execution of an agreement to acquire New York based hedge fund administration business Fundadministration, Inc.

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