Latest Outsourcing News: Finextra Research

Wipro takes over German data centre from Citi

Citi has signed a deal with Wipro to hand over the ownership, operations and management of its data centre in Dusseldorf, Germany, to the Indian outsourcing giant.

06 August 2010

News/Outsourcing

IBM employee fingered as culprit in massive DBS outage

An IBM employee has been fingered as the culprit behind a seven-hour system-wide outage that knocked out all consumer and business banking services and ATM and POS transactions at Singapore's DBS Bank on Monday.

14 July 2010

News/Outsourcing

Asset managers turn to client reporting as IT budgets stabilise - survey

With IT budgets in the asset management industry beginning to stabilise, firms are turning their attentions to improving middle office processes, focusing particularly on client reporting, according to a survey from vendor Religare Technova.

09 July 2010

News/Outsourcing

CSC wins $580 million outsourcing deal with UBS

US technology group CSC has signed a five-year outsourcing deal with Swiss bank UBS for the provision of voice and data network, security and telecommunication services.

06 July 2010

News/Outsourcing

IE agrees Documetric deal

UK-based fintech vendor Intelligent Environments has outlined plans for a reverse takeover of Documetric, a provider of outsourcing services in finance and administration, including payments processing, content management and business intelligence.

05 July 2010

News/Outsourcing

Wall Street steps up analytics spending

Over 90% of Wall Street firms expect to increase spending on analytics over the next year, with risk and compliance the areas most likely to see greater investment, according to a survey from IBM and Sifma.

24 June 2010

News/Outsourcing

Xchanging to buy 51% stake in SIA-SSB's Kedrios unit

UK business processor Xchanging is set to acquire a 51% stake in Kedrios, a unit of Italian e-payments group SIA-SSB that specialises in securities processing and fund administration services. Financial terms were not disclosed.

22 June 2010

News/Outsourcing

Logica wins Skandia outsourcing contract

Savings specialist Skandia has awarded Logica a three year, EUR15 million, contract for the provision of a private cloud-based infrastructure management system.

15 June 2010

News/Outsourcing

Barclays Capital establishes new global tech centre in the Ukraine

Barclays Capital is to spend $2 million to establish a new global technology centre in Kyiv in the Ukraine.

14 June 2010

News/Outsourcing

SGX inks IT infrastructure outsourcing deal with HCL

The Singapore Exchange (SGX) has signed a five year, S$110 million IT infrastructure outsourcing contract with India's HCL Technologies.

14 June 2010

News/Outsourcing

Barclaycard in talks to outsource Teesside call centre work to Firstsource

Barclaycard is weighing up plans to hand over operations at its Teesside call centre, which houses around 700 staff, to Indian BPO outfit Firstsource.

09 June 2010

News/Outsourcing

EDB and ErgoGroup to merge

EDB Business Partner and ErgoGroup are set to merge, creating the largest information technology company in Norway.

07 June 2010

News/Outsourcing

EDB and ErgoGroup in merger talks

Nordic IT services groups EDB Business Partner and ErgoGroup are in talks over a possible merger.

01 June 2010

News/Outsourcing

Speculation mounts over Infosys bid for Logica

UK IT services group Logica could be the subject of a £2.9 billion bid from Indian giant Infosys, according to the Daily Mail.

21 May 2010

News/Outsourcing

RBS to shed 2600 jobs; 500 roles to be shipped offshore

The Royal Bank of Scotland is to cut a further 2600 jobs from its UK insurance and retail banking arms, bringing the total number of job losses at the Edinburgh-based bank to 22,600 since the onset of the financial crisis.

10 May 2010

News/Outsourcing

KKR in talks to buy Firstsource majority stake - Reuters

American private equity giant Kohlberg Kravis Roberts & Co (KKR) is in negotiations to buy a controlling stake in Indian BPO outfit Firstsource from ICICI Bank, Metavante and Temasek, according to Reuters.

13 April 2010

News/Outsourcing

Nordea inks five year Web application outsourcing deal with Accenture

Nordea has inked a five year outsourcing contract with Accenture for the development and maintenance of applications to support the Scandinavian bank's Web sites. Financial terms of the deal were not disclosed.

07 April 2010

News/Outsourcing

Union calls on government to protect jobs as ANZ shifts more work overseas

Australia and New Zealand Bank (ANZ) is to shift more work overseas with the opening of a new back office processing centre in the Philippines that will employ 300 local staff.

06 April 2010

News/Outsourcing

SIA-SSB reports Bank of Italy contract win

Bank of Italy has awarded SIA-SSB a five year, EUR23 million, contract to manage its interbank computerised archive of bad cheques and payment cards.

10 March 2010

News/Outsourcing

St George customers sent wrong statements after vendor blunder

Up to 42,000 St George Bank customers have been sent printed statements containing the account information of other people after a "production issue" at vendor Salmat.

04 March 2010