Outsourcing

500 articles tagged with this keyword

All articles with this keyword
Apply Cancel
IBM takes control of $1.3 billion ADTS business

/Outsourcing

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

/Outsourcing

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

/Outsourcing

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

/Outsourcing

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

/Outsourcing

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

/Outsourcing

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

/Outsourcing

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

/Outsourcing

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

/Outsourcing

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

/Outsourcing

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.

SocGen considers outsourcing 400 back office jobs - Reuters

/Outsourcing

SocGen considers outsourcing 400 back office jobs - Reuters

French bank Societe Generale is pondering outsourcing around 400 corporate and investment back office jobs to Accenture, according to Reuters.

India to double ATM numbers to 200,000 by 2016

/Outsourcing

India to double ATM numbers to 200,000 by 2016

The number of ATMs in India will double over the next four years, to 200,000, as regulatory changes that open the market up to non-banks take effect, according to Celent.

Lloyds to run IT for Co-op branch network

/Outsourcing

Lloyds to run IT for Co-op branch network

The bargain-basement acquisition of 632 Lloyds bank branches and 754 ATMs by the UK's Co-operative group includes a long-term technology services agreement between the two parties.

RBS meltdown blamed on Indian IT operative

/Outsourcing

RBS meltdown blamed on Indian IT operative

Royal Bank of Scotland is refusing to confirm or deny reports that an inexperienced IT operative in India was partially responsible for the computer meltdown that afflicted payments processing at the bank last week.

Wells Fargo exploring plans to move more jobs overseas

/Outsourcing

Wells Fargo exploring plans to move more jobs overseas

Wells Fargo is considering exporting jobs to offshore sites in India and the Philippines as it embarks on a company-wide cost-cutting programme aimed at eliminating billions of dollars in quarterly expenses.

Cognizant wins $330m ING US contract

/Outsourcing

Cognizant wins $330m ING US contract

ING US has inked a seven year, $330 million, insurance business process services contract with Cognizant that sees 1000 employees transfer to the vendor.

Capgemini wins big bank deals in Australia and Brazil

/Outsourcing

Capgemini wins big bank deals in Australia and Brazil

Australia's ANZ has inked a software testing outsourcing contract with Capgemini that will see 360 of the bank's IT staff move to the French vendor.

Clearstream and Iberclear team on Spanish collateral management service

/Outsourcing

Clearstream and Iberclear team on Spanish collateral management service

Clearstream has inked a deal with BME-owned central securities depository Iberclear, that will see the pair develop a tri-party collateral management service for Spain by 2013.

Banco de Credito del Peru transfers IT management to IBM

/Outsourcing

Banco de Credito del Peru transfers IT management to IBM

IBM has scored a $100 million IT outsourcing deal with Banco de Credito del Peru (BCP).

Lloyds cuts 100 IT jobs, offshores 300

/Outsourcing

Lloyds cuts 100 IT jobs, offshores 300

Lloyds Banking Group is axing 100 IT jobs and transferring another 300 to India as part of a wider cull, decried as "brutal" by unions, at the taxpayer-backed institution

Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.

Please read our Privacy Policy.

Accept