Outsourcing

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AIB hands IT outsourcing contract to Wipro

/Outsourcing

AIB hands IT outsourcing contract to Wipro

Wipro has won a five-year IT outsourcing deal with AIB which will see 130 staff moved to the Indian tech services firm.

AIB to outsource 170 IT jobs

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AIB to outsource 170 IT jobs

AIB is to outsource 170 technology roles following a review of its IT operations.

ABN Amro signs multi-billion dollar outsourcing deal with IBM

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ABN Amro signs multi-billion dollar outsourcing deal with IBM

ABN Amro has signed a 10-year, multi-billion dollar services agreement with IBM to manage the IT infrastructure that supports the bank’s operations globally.

Ulster Bank fined EUR3.5 million over IT meltdown

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Ulster Bank fined EUR3.5 million over IT meltdown

The Central Bank of Ireland has slapped a EUR3.5 million fine on Ulster Bank over IT governance failures that resulted in approximately 600,000 customers being deprived of banking services during a month-long period in 2012.

Capita wins Co-operative Bank mortgage contract

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Capita wins Co-operative Bank mortgage contract

Capita has emerged as the preferred bidder for a 10-year, £325 million contract to run the mortgage book of the UK's Co-operative Bank.

De La Rue named preferred bidder for BofE plastic banknote contract

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De La Rue named preferred bidder for BofE plastic banknote contract

As it prepares to move to plastic banknotes, the Bank of England has named De La Rue as the preferred bidder for a 10-year printing contract.

London Stock Exchange partners Wipro to launch reconciliation utility

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London Stock Exchange partners Wipro to launch reconciliation utility

The London Stock Exchange has partnered with Indian IT services firm Wipro to launch a hosted reconciliation utility designed to eliminate the needs for firms to invest in technology, people and processes for tracking their outstanding transactions.

As cyber threat grows, EU regulators warn FS firms on IT budgets

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As cyber threat grows, EU regulators warn FS firms on IT budgets

Europe's financial institutions have been told by regulators that they must protect their IT budgets in order to guard against the growing threat of cyber attacks.

UBS to outsource fixed income platform to Murex and ION - Reuters

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UBS to outsource fixed income platform to Murex and ION - Reuters

Swiss bank UBS is to outsource large parts of its fixed income technology infrastructure to Murex and ION, according to Reuters.

BBVA Compass to cut 600 jobs in outsourcing pact

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BBVA Compass to cut 600 jobs in outsourcing pact

BBVA Compass is to cut up to 600 jobs in the US after agreeing outsourcing deals with Xerox and Accenture.

IBM takes control of $1.3 billion ADTS business

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IBM takes control of $1.3 billion ADTS business

IBM has taken a controlling stake in Associated Dexia Technology Services, which provides IT services to financial institutions formerly within the Dexia Group, including Belfius Bank, Belfius Insurance and Banque Internationale à Luxembourg.

Standard Chartered client bank statements found on hacker's laptop

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Standard Chartered client bank statements found on hacker's laptop

The private banking statements of 647 high-net-worth clients of Standard Chartered Bank have been found on the laptop of a hacker busted by Singapore Police.

FIS tech to power India's first bank for women

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FIS tech to power India's first bank for women

India's first public sector bank for women opens its doors today, powered by technology from US fintech vendor FIS.

Markit acquires DTCC corporate actions validation service

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Markit acquires DTCC corporate actions validation service

Financial data outfit Markit has acquired the assets of Global Corporate Actions Validation Service from the Depository Trust & Clearing Corporation (DTCC). Financial terms of the deal were not disclosed.

Deutsche Bank buys Xchanging out of JV

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Deutsche Bank buys Xchanging out of JV

London-based back office processing provider Xchanging has agreed to sell its 51% stake in Xchanging Transaction Bank (XTB) back to partner Deutsche Bank for EUR40.5 million in cash.

LME terminates lucrative Xchanging contract

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LME terminates lucrative Xchanging contract

Xchanging has lost a £25 million per annum infrastructure servicing contract with the London Metal Exchange as the LME's new owners call time on a profitable eight-year relationship for the BPO provider.

Asia Pacific banks step up risk IT spending

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Asia Pacific banks step up risk IT spending

Nearly two thirds of Asia Pacific banks expect to see their risk management technology budgets grow this year, according to research from IDC Financial Insights.

Swisscom acquires Entris Banking IT outsourcing business

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Swisscom acquires Entris Banking IT outsourcing business

Swiss IT integration house Swisscom is to acquire the Entris Banking IT outsourcing business of RBA-Holdings, which provides services to 41 regional and savings banks across the country.

Indian financial services IT spending to grow 12% in 2012 - Gartner

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Indian financial services IT spending to grow 12% in 2012 - Gartner

Indian banking and securities companies will spend 416 billion rupees on IT products and services in 2013, an increase of more than 12% on last year, according to Gartner.

Lloyds to offshore more IT jobs

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Lloyds to offshore more IT jobs

Lloyds Banking Group has been slammed by union Unite over plans to offshore 190 IT jobs as part of larger round of 940 UK layoffs.

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