Thursday, March 29, 2007
Barclays - ABN Amro merger means big IT challenges loom
Barclays confirms ABN Amro merger talks as IT challenge looms
Mar 20, 2007, By ComputerworldUK reporter
Acquisition talks come as both banks shake up IT
Barclays has confirmed its interest in acquiring Dutch bank ABN Amro later today, paving the way for what could be Europe's biggest financial services sector merger.
A buy-out could have profound implications for IT operations at the Dutch bank, which announced plans to axe hundreds of IT jobs in October in a bid to rationalise its organisation and improve efficiency after poor third quarter results.
Read the full news report from here @ Computer World UK
BlogOut provides global outsourcing updates across industries & business functions. See BlogOut Directory for the complete list of categories
Mar 20, 2007, By ComputerworldUK reporter
Acquisition talks come as both banks shake up IT
Barclays has confirmed its interest in acquiring Dutch bank ABN Amro later today, paving the way for what could be Europe's biggest financial services sector merger.
A buy-out could have profound implications for IT operations at the Dutch bank, which announced plans to axe hundreds of IT jobs in October in a bid to rationalise its organisation and improve efficiency after poor third quarter results.
Read the full news report from here @ Computer World UK
BlogOut provides global outsourcing updates across industries & business functions. See BlogOut Directory for the complete list of categories
Labels: banks-europe, banks-uk, finance-europe, finance-uk, it-banks, it-europe, it-finance, it-finance-uk, it-uk, netherlands
PermaLink - Barclays - ABN Amro merger means big IT challenges loom posted by Ecacofonix : 4:20 AM
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Temenos buys German banking software outfit ACTIS.BSP
Temenos buys German banking software outfit ACTIS.BSP
Swiss banking systems vendor Temenos has signed a definitive agreement to acquire ACTIS.BSP, a Germany-based provider of core banking and securities technology, for US$19m in cash.
ACTIS.BSP is a subsidiary of Flexible Management Systems (FMS) and provides technology to financial services firms including Dresdner Bank, Postbank, DekaBank and DaimlerChrysler Bank. Approximately 50% of the firm's revenues are recurring maintenance and outsourcing revenues.
Read the full news report from here @ FinExtra
BlogOut provides global outsourcing updates across industries & business functions. See BlogOut Directory for the complete list of categories
Swiss banking systems vendor Temenos has signed a definitive agreement to acquire ACTIS.BSP, a Germany-based provider of core banking and securities technology, for US$19m in cash.
ACTIS.BSP is a subsidiary of Flexible Management Systems (FMS) and provides technology to financial services firms including Dresdner Bank, Postbank, DekaBank and DaimlerChrysler Bank. Approximately 50% of the firm's revenues are recurring maintenance and outsourcing revenues.
Read the full news report from here @ FinExtra
BlogOut provides global outsourcing updates across industries & business functions. See BlogOut Directory for the complete list of categories
Labels: banks-switzerland, it-banks, it-europe
PermaLink - Temenos buys German banking software outfit ACTIS.BSP posted by Ecacofonix : 3:47 AM
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Credit Suisse considers massive switch to offshore
Credit Suisse considers massive switch to offshore
by Antony Savvas, 27 February 2007, Computer Weekly
Credit Suisse is considering outsourcing over half of its 5,000 IT jobs in Switzerland to offshore centres, including India, to slash operating costs.
According to Swiss newspaper SonntagsZeitung, the bank is planning to offshore 50% to 70% of IT jobs in Switzerland, as part of plans to make around £1bn in cost savings.
Read more from here @ Computer Weekly
BlogOut provides global outsourcing updates across industries & business functions. See BlogOut Directory for the complete list of categories
by Antony Savvas, 27 February 2007, Computer Weekly
Credit Suisse is considering outsourcing over half of its 5,000 IT jobs in Switzerland to offshore centres, including India, to slash operating costs.
According to Swiss newspaper SonntagsZeitung, the bank is planning to offshore 50% to 70% of IT jobs in Switzerland, as part of plans to make around £1bn in cost savings.
Read more from here @ Computer Weekly
BlogOut provides global outsourcing updates across industries & business functions. See BlogOut Directory for the complete list of categories
Labels: banks-europe, banks-offshore, banks-switzerland, it-banks, switzerland
PermaLink - Credit Suisse considers massive switch to offshore posted by Ecacofonix : 3:18 AM
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InCore Bank of Switzerland deploys NetApp storage solutions
InCore Bank deploys NetApp storage solutions
Feb 27, 2007 - Network Appliance (NetApp) Inc. has announced that InCore Transaction Bank of Switzerland has selected NetApp’s unified storage solutions for its transaction-intensive data service and data protection needs. The Swiss Bank selected NetApp storage solutions to reduce operational costs and keep customer data secure and available, NetApp said last week.
InCore Bank offers services such as brokerage, payment transactions, and reporting for small and midsize private and retail banks in Switzerland and Liechtenstein.
Read the full report from here @ Computer Technology Review
BlogOut provides global outsourcing updates across industries & business functions. See BlogOut Directory for the complete list of categories
Feb 27, 2007 - Network Appliance (NetApp) Inc. has announced that InCore Transaction Bank of Switzerland has selected NetApp’s unified storage solutions for its transaction-intensive data service and data protection needs. The Swiss Bank selected NetApp storage solutions to reduce operational costs and keep customer data secure and available, NetApp said last week.
InCore Bank offers services such as brokerage, payment transactions, and reporting for small and midsize private and retail banks in Switzerland and Liechtenstein.
Read the full report from here @ Computer Technology Review
BlogOut provides global outsourcing updates across industries & business functions. See BlogOut Directory for the complete list of categories
Labels: banks-switzerland, finance-europe, it-banks
PermaLink - InCore Bank of Switzerland deploys NetApp storage solutions posted by Ecacofonix : 3:14 AM
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Wednesday, March 28, 2007
Luxoft Increases Co-Operation with Deutsche Bank to Exploit Their Successful CRM Solution
Luxoft Increases Co-Operation with Deutsche Bank to Exploit Their Successful CRM Solution
Don Panek - CRMDirectory Editor
15 March 2007
Luxoft Increases Co-Operation with Deutsche Bank to Exploit Their Successful CRM Solution; joint initiative to commercialise innovative ‘Client First’ tool
HANNOVER, Germany and MOSCOW - Luxoft, Russia’s largest provider of high-end IT out-sourcing services, today announced that it is extending its co-operation with Deutsche Bank, one of the world’s leading investment banks.
Luxoft will provide development resources in Russia and the Ukraine to enhance and further innovate Client First, a cutting-edge Client Relationship Management (CRM) package.
Read the full report from here @ CRM Directory
BlogOut provides global outsourcing updates across industries & business functions. See BlogOut Directory for the complete list of categories
Don Panek - CRMDirectory Editor
15 March 2007
Luxoft Increases Co-Operation with Deutsche Bank to Exploit Their Successful CRM Solution; joint initiative to commercialise innovative ‘Client First’ tool
HANNOVER, Germany and MOSCOW - Luxoft, Russia’s largest provider of high-end IT out-sourcing services, today announced that it is extending its co-operation with Deutsche Bank, one of the world’s leading investment banks.
Luxoft will provide development resources in Russia and the Ukraine to enhance and further innovate Client First, a cutting-edge Client Relationship Management (CRM) package.
Read the full report from here @ CRM Directory
BlogOut provides global outsourcing updates across industries & business functions. See BlogOut Directory for the complete list of categories
Labels: banks-europe, banks-germany, finance-europe, it-banks, it-finance, it-finance-europe, it-germany, it-russia, russia
PermaLink - Luxoft Increases Co-Operation with Deutsche Bank to Exploit Their Successful CRM Solution posted by Ecacofonix : 8:08 AM
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Why Deutsche Bank Spreads Its Outsourcing
Why Deutsche Bank Spreads Its Outsourcing
The German powerhouse bank explains why it uses both India and Russia for its offshoring needs.
by Tony Hallett and Andy McCue
Deutsche Bank (DB) is one of the world's largest banks and has long used outsourcing and offshoring, at various sites around the world, but this week it took its relationship with Russian IT services player Luxoft to a new level.
So why would it work with this supplier, at sites in Russia, rather than have more work carried out in its established offshore locations - such as Bangalore, Mumbai or Manila - where it has captive operations or works with local companies?
Read the full article here to find the answer - @ Business Week
BlogOut provides global outsourcing updates across industries & business functions. See BlogOut Directory for the complete list of categories
The German powerhouse bank explains why it uses both India and Russia for its offshoring needs.
by Tony Hallett and Andy McCue
Deutsche Bank (DB) is one of the world's largest banks and has long used outsourcing and offshoring, at various sites around the world, but this week it took its relationship with Russian IT services player Luxoft to a new level.
So why would it work with this supplier, at sites in Russia, rather than have more work carried out in its established offshore locations - such as Bangalore, Mumbai or Manila - where it has captive operations or works with local companies?
Read the full article here to find the answer - @ Business Week
BlogOut provides global outsourcing updates across industries & business functions. See BlogOut Directory for the complete list of categories
Labels: banks, banks-europe, banks-germany, banks-offshore, finance-europe, finance-offshore, it-banks, it-finance
Sunday, March 11, 2007
Credit Suisse to shift Swiss IT jobs offshore - report
Credit Suisse to shift Swiss IT jobs offshore - report
Investment bank Credit Suisse is looking to outsource over half of the 5000 IT jobs at its operations in Switzerland to cheaper offshore centres, according to press reports.
According to a report by Swiss Sunday newspaper SonntagsZeitung the bank is planning to offshore 50-70% of IT jobs in Switzerland under plans to SFr2.5 billion in cost savings.
Read more from here, at Finextra
BlogOut provides regular, global outsourcing updates for all industries & business functions, in hundreds of categories. See BlogOut Directory for the complete list of categories
Investment bank Credit Suisse is looking to outsource over half of the 5000 IT jobs at its operations in Switzerland to cheaper offshore centres, according to press reports.
According to a report by Swiss Sunday newspaper SonntagsZeitung the bank is planning to offshore 50-70% of IT jobs in Switzerland under plans to SFr2.5 billion in cost savings.
Read more from here, at Finextra
BlogOut provides regular, global outsourcing updates for all industries & business functions, in hundreds of categories. See BlogOut Directory for the complete list of categories
Labels: banks, banks-europe, banks-offshore, banks-switzerland, europe, investment-banking, it-banks, it-europe, it-finance, it-finance-europe, it-switzerland, offshore, switzerland
PermaLink - Credit Suisse to shift Swiss IT jobs offshore - report posted by Ecacofonix : 12:20 PM
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Saturday, March 3, 2007
AEMS, Bursa Malaysia Partner in IT Outsourcing JV
AEMS and Bursa Malaysia to Partner in IT Outsourcing JV
LONDON, February 15 /CNW/
AEMS (Atos Euronext Market Solutions) and Bursa Malaysia Berhad (Bursa Malaysia) today signed a Letter Of Intent outlining plans to establish a joint venture company which will focus on offering IT solutions and services to Bursa Malaysia, as well as AEMS' existing and future prospects in Asia.
AEMS is the leading global provider of technology solutions for exchanges, clearing houses, banks, brokers, and intermediaries. AEMS was created by two industry leaders - Atos Origin and Euronext
More from here
LONDON, February 15 /CNW/
AEMS (Atos Euronext Market Solutions) and Bursa Malaysia Berhad (Bursa Malaysia) today signed a Letter Of Intent outlining plans to establish a joint venture company which will focus on offering IT solutions and services to Bursa Malaysia, as well as AEMS' existing and future prospects in Asia.
AEMS is the leading global provider of technology solutions for exchanges, clearing houses, banks, brokers, and intermediaries. AEMS was created by two industry leaders - Atos Origin and Euronext
More from here
Labels: banks-asia, finance-asia, it-asia, it-banks, it-finance, it-malaysia
PermaLink - AEMS, Bursa Malaysia Partner in IT Outsourcing JV posted by Ecacofonix : 9:57 PM
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IBM signs large outsourcing deal with German savings banks
Cornelia Wels-Maug, Ovum.com - Feb 07, 2007
IBM signs large outsourcing deal with German savings banks
IBM signed a deal with Sparkassen Informatik (SI), representing two-thirds of the approximately 400 German savings banks. The contract will run over a 5-year period and is worth about €600 million. It contains hard- and software elements as well as IT services and financial services.
More info from here
IBM signs large outsourcing deal with German savings banks
IBM signed a deal with Sparkassen Informatik (SI), representing two-thirds of the approximately 400 German savings banks. The contract will run over a 5-year period and is worth about €600 million. It contains hard- and software elements as well as IT services and financial services.
More info from here
Labels: banks, banks-europe, banks-germany, it-banks, it-germany, it-maintenance, mainframes
PermaLink - IBM signs large outsourcing deal with German savings banks posted by Ecacofonix : 9:43 PM
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Thursday, March 1, 2007
Big Surge Expected In Offshore Outsourcing By Banks
Big Surge Expected In Offshore Outsourcing By Banks, Study Says
Offshore tech spending by banks will increase from the present 6% of the banking industry's $44 billion total annual IT budget to 30% by 2010, according to Deloitte.
March 1, 2007 12:00 PM
Banks in the United States and other countries will dramatically increase the percentage of their IT budgets devoted to procuring technology services from offshore providers operating from countries such as India and China over the next three years, according to the study.
Read the full news report from Information Week
Offshore tech spending by banks will increase from the present 6% of the banking industry's $44 billion total annual IT budget to 30% by 2010, according to Deloitte.
March 1, 2007 12:00 PM
Banks in the United States and other countries will dramatically increase the percentage of their IT budgets devoted to procuring technology services from offshore providers operating from countries such as India and China over the next three years, according to the study.
Read the full news report from Information Week
Labels: banks, banks-offshore, it, it-banks, it-finance, it-offshore, offshore
PermaLink - Big Surge Expected In Offshore Outsourcing By Banks posted by Ecacofonix : 10:08 PM
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