Outsourcing

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Bank Tabungan Negara Indonesia signs two-year ATM deal with Wincor Nixdorf

The Indonesian Bank Tabungan Negara has signed a two-year agreement with Wincor Nixdorf to operate its 370 ATMs from a variety of manufacturers.

/Outsourcing

BCB Bancorp outsources core banking to Jack Henry

Jack Henry announced today that BCB Bancorp has selected the SilverLake System core processing system to provide enterprise-wide automation.

Deutsche Bank and HP ink multi-billion dollar IT outsourcing pact

/Outsourcing

Deutsche Bank and HP ink multi-billion dollar IT outsourcing pact

Deutsche Bank has signed a ten-year, multi-billion dollar deal to outsource a large chunk of its wholesale IT infrastructure to HP.

SS&C joins fintech bulge-bracket with $2.7 billion Advent acquisition

/Outsourcing

SS&C joins fintech bulge-bracket with $2.7 billion Advent acquisition

SS&C is to buy Advent Software for $2.7 billion in cash in a bid to capitalise on a growing trend for outsourcing of software and services in the financial sector.

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

/Outsourcing

AIB to outsource 170 IT jobs

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

/Outsourcing

Xerox to sell IT outsourcing business to Atos for $1.1 billion

Xerox (NYSE: XRX) today announced an agreement to sell its Information Technology Outsourcing (ITO) business to Atos for $1.05 billion prior to closing adjustments, with additional consideration of $50 million subject to the condition of certain assets at closing.

ABN Amro signs multi-billion dollar outsourcing deal with IBM

/Outsourcing

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

/Outsourcing

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

/Outsourcing

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.

/Outsourcing

Sparkasse Bremen renews outsourcing contract with Wincor Nixdorf Portavis

Wincor Nixdorf Portavis’s contract as IT outsourcing partner of Sparkasse Bremen is to be renewed for a further five years starting October 1, 2015.

/Outsourcing

Tieto wins EnterCard outsourcing contract extension

Nordic financial services company EnterCard extends its existing outsourcing agreement with Tieto.

/Outsourcing

Belgian Post outsources ATM management to Diebold

Belgian Post (bpost), the leading postal operator in Belgium, has implemented multi-vendor software from Diebold, Incorporated (DBD) across its network of 450 heterogeneous automated teller machines (ATMs).

/Outsourcing

Punjab National Bank inks five-year outsourcing deal with Aegis

Aegis Limited, a global outsourcing and technology services company, announced today that it signed a 5-year contract with Punjab National Bank (PNB), one of the largest nationalized banks in India with over 6,000 branches and a legacy of over 120 years.

/Outsourcing

SGSS launches outsourced wealth management platform in UK

Societe Generale Securities Services (SGSS) has launched a fully integrated Wealth and Investment Management outsourcing solution for the UK.

De La Rue named preferred bidder for BofE plastic banknote contract

/Outsourcing

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.

/Outsourcing

Cardtronics scores Co-op Food ATM operating deal

Cardtronics (CATM) today announced that its U.K.-based business is entering into a seven-year, exclusive agreement to operate approximately 1,800 ATMs located in Co-operative Food ("Co-op Food") stores across the U.K. Cardtronics will take on the operation of the ATMs no later than January 2016, upon expiration of the existing ATM contract.

/Outsourcing

Diligenta scores Friends Life contract

Diligenta, a leading Life and Pensions BPO provider in the UK, and a subsidiary of Tata Consultancy Services (TCS), the leading IT services, consulting and business solutions organization, today announced that it has secured a new multi-million pound, multi-year contract with Friends Life Management Services Limited (Friends Life) for its international operation.

London Stock Exchange partners Wipro to launch reconciliation utility

/Outsourcing

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

/Outsourcing

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.

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