500 articles tagged with this keyword
News/Outsourcing
Japanese securities firm Nomura says it will acquire the Indian back office and technology operations of bankrupt Lehman Brothers. Financial terms of the agreement were not disclosed.
06 October 2008
IBM has signed agreements with Chiba Bank, Daishi Bank and Hokkoku Bank for the development of a call centre system that will be used by all three Japanese firms.
03 October 2008
British banking group Hbos - which is set to be taken over by Lloyds TSB - is planning to offshore around 2000 UK-based IT jobs to centres in India, according to press reports.
02 October 2008
India's BPO firms will be hit by the current global economic turmoil over the next few months but could be well placed to take advantage of the crisis in the longer term, says the National Association of Software and Service Companies (Nasscom).
30 September 2008
Despite the fall out from the credit crunch, UK banking group Barclays is planning to add 1500 staff to its newly-established technology facility in Singapore over the next five years.
European depository Euroclear has signed a three year deal with UK telco BT for the provision of security monitoring and management services.
29 September 2008
Wincor Nixdorf has acquired a 51% stake in Bankberatung, a provider of IT consultancy and services to German retail banks. Financial terms of the deal were not disclosed.
24 September 2008
Lloyds TSB should be forced to halt all offshoring programmes in return for government support for its takeover of Hbos, according to a union representing thousands of staff at the bank.
23 September 2008
US financial technology vendor Fundtech says it will record a charge in the third quarter of up to $600,000 relating to the bankruptcy of Lehman Brothers.
22 September 2008
The Polish National Depository for Securities (KDPW) is implementing Microsoft's BizTalk Server for Swift as its enterprise financial messaging platform and will use the technology for the transport, management and exchange of Swift transactions.
17 September 2008
Sinsys, a majority-owned subsidiary of SIA-SSB, has won a five-year card issuing processing contract with Austria's PayLife Bank.
16 September 2008
HSBC has launched a 'plug-and-play' outsourced payments system for corporates and banks looking to ease back office connectivity issues and lower the ongoing fixed costs associated with managing their own transaction processing activities.
Royal Bank of Scotland has launched a Swift service bureau for corporates that require an outsourced service for connecting to the interbank network.
10 September 2008
Nearly half of US and European financial services firms have cut their technology budgets this year due to the economic crisis, according to a survey from Forrester Research.
09 September 2008
Xchanging, a UK-based provider of back office processing services, has appointed former HypoVereinsbank (HVB) COO Matthias Sohler as head of European financial services.
08 September 2008
US technology group Metavante has appointed Goldman Sachs to find a buyer for its 20% stake in Indian BPO venture Firstsource, according to the Financial Times.
Users of Westpac's online banking services will face disruption later this week when IBM technical support staff begin strike action, warns the Australian Services Union.
01 September 2008
Tata Consultancy looks set to edge out IBM in the bidding for Citi's captive Indian back office unit, according to the Economic Times.
19 August 2008
Internal restructuring has resulted in banks shedding far more staff than the outsourcing of functions to offshore centres, according to a European study by Deutsche Bank.
11 August 2008
Around 500 UK back office staff are facing redundancy following a decision by Barclays not to renew a business process outsourcing (BPO) contract with Siemens.
05 August 2008
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