Outsourcing

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/Outsourcing

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.

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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.

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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.

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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.

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Conversations about outsourcing

Dave Rietveld of Equens describres his Sibos brainstorming session.

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Up in the cloud

DB's cloud guru Sean Kelley talks with Finextra about dbCloud.

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ABN Amro extends IBM services contract

ABN Amro has extended its infrastructure services agreement with IBM, tapping Big Blue's technology to integrate recently merged Fortis Bank.

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DZ Bank inks 5 year Atos Origin contract

Germany's DZ Bank has inked a five year contract with Atos Origin for the management of data centre and infrastructure services supporting IT applications. Financial terms were not disclosed.

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Barclaycard outsources UK customer service operations to FirstSource

Barclaycard is to outsource customer service operations for its UK credit card and consumer lending business to Indian BPO outfit FirstSource.

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Hong Kong brokers turning to back office outsourcing - survey

A growing number of Hong Kong brokers are seeking to outsource their back office functions in a bid to deal with increasingly complex and competitive local markets, according to a survey from BNP Paribas Securities Services and Swift.

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ABN Amro to renew $1bn IBM, TCS and Infosys outsourcing deals - report

ABN Amro is preparing to renew IT outsourcing contracts worth around $1 billion with IBM, Tata Consultancy Services (TCS) and Infosys Technologies, according to India's Economic Times.

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Logica wins IT services deal with Finland's Luottokunta

Logica has won a four-year contract to take over the IT operations and infrastructure services of Finnish card payment group Luottokunta

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TCS grows UK life and pensions BPO business with Usil acquisition

Diligenta, a unit of Indian outsourcer Tata Consultancy Services, has acquired the business of Unisys Insurance Service Limited (Usil), bagging £250 million in mandates from The Phoenix group and Old Mutual International in the process.

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Sugamo Shinkin Bank migrates PCs to IBM desktop cloud

Japan's Sugamo Shinkin Bank has selected IBM for the development of a virtual client environment, tapping Big Blue's desktop cloud.

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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.

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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.

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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.

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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.

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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.

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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.