Outsourcing

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National Savings puts out £2 billion outsourcing tender

/Outsourcing

National Savings puts out £2 billion outsourcing tender

The UK's government-backed savings scheme National Savings & Investment (NS&I) has put out a tender for an outsourcing deal that could be worth up to £2 billion for the successful bidder.

Westpac cuts 188 IT jobs

/Outsourcing

Westpac cuts 188 IT jobs

Australian bank Westpac is axing 188 jobs in its IT department as part of a cost-reduction programme that will see it outsource more functions.

Payments transformation

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Payments transformation

Jeremy Light management consultant at Accenture talks outsourcing, investing and Sepa at Sibos 2011.

Accenture to buy Banco Popolare IT services business; inks outsourcing contracts

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Accenture to buy Banco Popolare IT services business; inks outsourcing contracts

Accenture has signed a deal to acquire Itaca Service, an IT services business owned by Banco Popolare subsidiary, Banca Italease. The vendor has also inked five year outsourcing agreements with Banco Popolare and Itaca Service customer Alba Leasing.

Reaching customers in new markets

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Reaching customers in new markets

Chris Pickles, head of Industry Initiatives - Global Banking & Financial Markets at BT, talks about global expansion at Sibos 2011.

SunGard to buy Swift service bureau Syntesys

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SunGard to buy Swift service bureau Syntesys

SunGard has reached an agreement on the acquisition of Syntesys, a European Swift service bureau, in a bid to expand its outsourcing service for corporate to bank messaging.

Cloud computing and SaaS on the agenda at City Post-Trade Forum

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Cloud computing and SaaS on the agenda at City Post-Trade Forum

City luminaries will gather at the London Stock Exchange later this month to debate the future of back office outsourcing in an era of cloud computing and software-as-a-service technology models in the latest Finextra Post-Trade Forum event.

Parseq chief makes takeover approach

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Parseq chief makes takeover approach

Aim-listed mobile and online banking software outfit Parseq says it has been approached by a group led by its own chief executive, Rami Cassis, about a takeover.

AIB to sell outsourcing unit to Capita

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AIB to sell outsourcing unit to Capita

Allied Irish Bank (AIB) is selling off its international financial services business to outsourcing giant Captia for £29 million.

Santander repatriates UK call centre staff

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Santander repatriates UK call centre staff

Santander is to move 500 call centre roles from India back to the UK in an effort to improve customer service standards.

IBM wins Bank Austria IT services deal

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IBM wins Bank Austria IT services deal

IBM has won a five year IT services contract with Bank Austria that will see around 300 of the client's tech staff move to a new centre in Vienna.

Sparebank 1 loses patience with EDB ErgoGroup

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Sparebank 1 loses patience with EDB ErgoGroup

EDB ErgoGroup looks set to pay a heavy price for recent payment system glitches, with one of its biggest clients, Sparebank 1, reviewing its relationship with the Nordic IT services group.

Lloyds cuts 570 jobs; looks to outsourcing

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Lloyds cuts 570 jobs; looks to outsourcing

Lloyds Banking Group has outlined plans to cut another 570 jobs and outsource hundreds more as part of its ongoing integration of Hbos.

NAB shifts IT jobs to IBM as glitch resolution programme stretches into New Year

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NAB shifts IT jobs to IBM as glitch resolution programme stretches into New Year

National Australia Bank has outsourced 425 IT jobs to IBM as the bank continues to wrestle with the aftermath of a major breakdown in its payment processing systems.

Samlink signs IT services deal with IBM

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Samlink signs IT services deal with IBM

IBM has signed a new five-year, EUR28 million agreement with Samlink to manage the information technology (IT) infrastructure for the company's more than 400 bank branch offices across Finland.

BankWest makes $20 million investment in new Fujitsu data centre

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BankWest makes $20 million investment in new Fujitsu data centre

BankWest is to become the anchor tenant in Fujitsu's new Perth data centre under a ten-year, A$20 million deal.

Westpac renews IBM outsourcing deal

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Westpac renews IBM outsourcing deal

IBM has extended its IT infrastructure deal with Australian giant Westpac for a further five years, quashing speculation that the bank was preparing to reverse away from mega-outsourcing contracts in favour of tactical best-of-breed arrangements.

IBM wins Bank of Ireland contract from HP

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IBM wins Bank of Ireland contract from HP

Bank of Ireland has inked a five year IT infrastructure services agreement with IBM. Financial terms of the deal were not disclosed.

Bank of America Merrill Lynch to launch corporate Swift service bureau

/Outsourcing

Bank of America Merrill Lynch to launch corporate Swift service bureau

Bank of America is to create a global Swift Service Bureau to provide its corporate clients with outsourced access to the Swift financial messaging network.

Conversations about outsourcing

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Conversations about outsourcing

Dave Rietveld of Equens describres his Sibos brainstorming session.

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