Latest Outsourcing News: Finextra Research

VocaLink to manage HSBC ATMs in convenience stores

UK transaction processing outfit VocaLink has won a three year deal to operate HSBC's new remote estate of free-to-use cash machines which will be located convenience stores across the country.

18 January 2008

News/Outsourcing

Atos Origin inks LV= IT outsourcing deal

UK insurance firm LV=, formally known as Liverpool Victoria, has contracted with Paris-listed IT services firm Atos Origin for the management of its mainframe and mid-range infrastructure.

17 January 2008

News/Outsourcing

Atos Origin inks BNP Paribas outsourcing deal

Paris-listed Atos Origin has won a five-year contract, worth £50 million, to provide outsourced technology services to French banking group BNP Paribas.

09 January 2008

News/Outsourcing

TietoEnator outlines EUR100m cost cutting plan

Nordic IT services vendor TietoEnator is embarking on a restructuring and cost cutting programme designed to generate annual savings of more than EUR100 million by the end of 2009.

03 January 2008

News/Outsourcing

OMX reports Tocom trading technology contract

Swedish technology group and exchange operator OMX has inked a deal to supply an integrated trading and clearing platform for commodity derivatives to the Tokyo Commodity Exchange (Tocom).

19 December 2007

News/Outsourcing

IBM inks EUR42.3m Cajasol IT services deal

IBM is reporting a EUR42.3 million IT outsourcing contract with Cajasol, the Spanish savings bank formed by the merger of Caja San Fernando and El Monte.

17 December 2007

News/Outsourcing

NAB to offshore maintenance and support of legacy platforms; sets up cyber crime unit

National Australia Bank (NAB) is outsourcing maintenance, management and support of some legacy systems to Indian offshore providers Infosys and Satyam in a move that has implications for around 300 IT staff at the bank.

14 December 2007

News/Outsourcing

Nyse Euronext to buy out IT JV; bring technology back in-house

Nyse Euronext says it has agreed in principle to buy Atos Origin's stake in the Atos Euronext Market Solutions (AEMS) joint venture, in a move that will bring its technology operations back in-house.

12 December 2007

News/Outsourcing

UK bank IT spending to rise

Despite the implications of this year's global credit crunch, UK bank expenditure on software and IT services is set to grow at a compound annual growth rate of 7.7% between 2007 and 2011, according to a study by European research outfit Pierre Audoin Consultants.

07 December 2007

News/Outsourcing

Deutsche Bank to open new Indian operations centre

Deutsche Bank has signed a letter of intent to set up an offshore operations centre in Jaipur, India.

06 December 2007

News/Outsourcing

Banks give cautious welcome to new VAT regime; outsourcing set to benefit

Bank lobby groups have given a guarded welcome to European Commission proposals for a Directive aimed at simplifying the current VAT regime for financial and insurance services.

29 November 2007

News/Outsourcing

Nyse Euronext and Atos Origin to dismantle IT JV - reports

Nyse Euronext and Atos Origin are in talks that could result in the dismantling of their Atos Euronext Market Solutions IT services joint venture.

27 November 2007

News/Outsourcing

BNP Paribas to provide post-trade processing for Nyfix dark liquidity ATS

French banking group BNP Paribas has agreed a deal to provide pan-European post trade services for Nyfix's Euro Millennium, an off-exchange trading system for listed cash equities that is expected to launch in early 2008.

26 November 2007

News/Outsourcing

NAB looking to move 400 IT jobs offshore - reports

National Australia Bank (NAB) is considering shifting a further 400 technology jobs to offshore service providers in India, according to press reports.

21 November 2007

News/Outsourcing

Detica reports 'sharp decline' in business from banks

Shares in UK business and technology group Detica slumped after it reported a "sharp decline" in business from investment banks towards the end of its first half following the global credit crunch.

19 November 2007