326 articles tagged with this keyword
News/Outsourcing
The founder and chairman of Indian outsourcer Satyam Computer Services, B Ramalinga Raju has resigned after admitting the company's profits have been falsely inflated for several years, leading to a $1 billion hole in the balance sheet.
07 January 2009
Steria has won a five year deal with insurance outsourcer Capita Life & Pensions to provide offshore IT application development and support services for the company's clients.
Tennessee-based Goldleaf Financial Solutions has agreed to sell its core processing and teller automation systems to Integrated Bank Technology (IBT). Financial terms were not disclosed.
06 January 2009
Madhav Nagrik Sahakari Bank, a co-operative in the Indian state of Rajasthan, has inked a five year IT outsourcing deal with IBM to support its move into Internet and mobile banking.
15 December 2008
US investment house Fidelity has put the IT support arm of its captive Indian back office business on the market, the Economic Times reports, citing two anonymous sources close to the sale process.
UK life and pensions outfit Friends Provident has inked a 10 year, £200 million, IT and infrastructure services outsourcing deal with IBM.
10 December 2008
Barclays Bank is to axe 109 jobs in the Welsh capital, Cardiff, under plans to outsource the unit that handles the accounts of deceased customers.
08 December 2008
JPMorgan Chase is bringing Washington Mutual's card processing in-house, terminating the distressed bank's current deal with Tsys.
03 December 2008
US private equity firm Blackstone has acquired a majority stake in the IT outsourcing arm of India's CMS Computers.
01 December 2008
China Postal Savings Bank has inked a multi-year credit card processing deal with China UnionPay Data Services (CUP Data).
Australia's BankWest has sold its 49% stake in IT outsourcing joint venture Unisys West to its tech partner. Financial terms were not disclosed.
26 November 2008
Wincor Nixdorf has won a three-year ATM managed services contract from Swedish independent cash machine operator Kontanten.
Raiffeisen International is to outsource development and support of its core banking technology to Misys and Indian outsourcer HCL Technology.
25 November 2008
Ivobank, the London-based online bank launched earlier this year, has signed a five year managed services contract with information and communication technology outsourcing specialist Pasporte.
18 November 2008
Outsourced Co-operative Bank staff working at French IT services firm Steria in the UK have voted to go on strike over the offshoring of their jobs to India.
12 November 2008
BNP Paribas Securities Services is to set up a back office processing joint venture in India with Sundaram Business Services, the business process outsourcing arm of financial conglomerate Sundaram Finance.
06 November 2008
Citigroup is reportedly in talks to sell its Indian IT and infrastructure outsourcing arm, Citi Global Services, with Wipro emerging as the frontrunner to buy the business.
04 November 2008
The UK Government's £50 billion banking recapitalisation programme will split the industry in two, with important implications for technology spending, offshoring and non-banking competition, according to an analysis by TowerGroup.
03 November 2008
Shares in clearing, settlement and technology service provider Penson Worldwide have lost more than 39% after the company reported today that it has $25 million in exposure to Evergreen Capital Partners Inc., which has ceased operations.
31 October 2008
To terminate its LCH.Clearnet clearing contract the London-based derivatives exchange owned by Nyse Euronext will make a one-time payment of EUR260 million.
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