Outsourcing

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/Outsourcing

Tieto and ICA Banken sign outsourcing agreement for securities business

Tieto has signed a five-year outsourcing agreement with ICA Banken for operations, system and back office services for the bank’s securities business.

Infosys to create 250 fintech jobs in Ireland

/Outsourcing

Infosys to create 250 fintech jobs in Ireland

Indian IT services group Infosys is promising to create 250 fintech-related jobs in Ireland over the next three years.

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Freedom Credit Union selects Symitar

Jack Henry & Associates, Inc. (JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Symitar® division announced today that Freedom Credit Union has selected EASE™, the outsourced delivery model of the Episys® core processing system.

PRA fines Raphaels Bank £1.3 million for bungled outsourcing deal

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PRA fines Raphaels Bank £1.3 million for bungled outsourcing deal

The Prudential Regulation Authority (PRA) has fined Raphaels Bank £1.3 million for "potentially putting its safety and soundness at risk" by failing to properly manage an outsourcing deal for its cash machines.

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Deutsche Bank awards application development and maintenance services contract to HCL Technologies

HCL Technologies (HCL), a leading global IT services provider, today announced that it has signed an Application Development and Maintenance contract with Deutsche Bank.

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Mitsubishi UFJ goes live on SunGard hosted lending and corporate actions platforms

Mitsubishi UFJ Trust & Banking Corporation (U.S.A.) (MUTU), a leading international trust bank, is now live on SunGard’s managed services platform for global lending and corporate actions processing.

Xchanging receives two takeover offers

/Outsourcing

Xchanging receives two takeover offers

Shares in Xchanging soared 50% on Monday on news that the London-based back office processing provider has received separate takeover offers from Capita and Apollo Global Management.

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SocGen launches dealing desk outsourcing service

Societe Generale Securities Services (SGSS) has launched I-DEAL, a new dealing desk outsourcing service for asset (discretionary and collective) and investment managers which covers the entire range of asset classes and global markets.

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Empaxis launches in Europe; opens London office

Empaxis Data Management, experts in middle and back-office outsourcing for investment management firms, recently announced expansion into the European market. Empaxis has opened an office in London and has launched Empaxis Europe Limited.

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FIS wins multi-year outsourcing deal with Westwood Trust

Its ability to combine top-tier industry and trust expertise with leading-edge technology to reinvent traditional trust operations has earned FIS (FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, a multi-year wealth technology and operations outsourcing commitment from Westwood Trust, a Texas-chartered trust company headquartered in Dallas.

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Cashfac partners with NashTech for offshore development

Cashfac Technologies, the market leader in Bank-to-Corporate Cash Management solutions, today announced a partnership agreement with NashTech’s IT outsourced development and test operations.

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Metro Bank outsources card processing to Tsys

TSYS (TSS) today announced that it has signed an agreement to process Metro Bank’s credit and debit card portfolios on TSYS’ TS2 processing platform, as well as provide Metro Bank fraud management services through TSYS Managed Services EMEA.

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BIL Suisse migrates to Avaloq's Swiss BPO platform

The Avaloq group has successfully migrated Banque Internationale à Luxembourg Suisse SA (BIL Suisse) to its Swiss business process outsourcing (BPO) solution.

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CGI signs 10-year outsourcing agreement with Northern Savings CU

CGI (TSX: GIB.A) (NYSE: GIB) and Northern Savings Credit Union have entered into a 10-year agreement for the outsourcing of core banking services.

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Fujitsu wins five-year contract with Royal London

Fujitsu today announced it has won a contract with Royal London, the largest mutual life, pensions and investment company in the UK.

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CGI wins $420 million contract extensions with National Bank of Canada

CGI (GIB-A.TO) (GIB) announced today that its IT services agreement with National Bank of Canada has been extended to 2025.

Fintech sector lifts Irish jobs market

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Fintech sector lifts Irish jobs market

Ireland has received a timely boost to its employment figures thanks to the creation of almost 500 new jobs in the country's blossoming fintech industry.

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Milestone Group expands in Africa with Global ASP partnership

Milestone Group, the global provider of optimised fund processing solutions, has announced the establishment of ‘pControl Africa’.

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Infosys selected as strategic technology partner for Deutsche Bank

Infosys (INFY), a global leader in consulting, technology, outsourcing and next-generation services, including be-spoke development, application maintenance services, digital and mobility, package implementation, and testing services, has announced that it has signed a multi-year agreement with Deutsche Bank.

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US Bank extends Tsys contract

Tsys (TSS) announced today that it has signed a long-term renewal with U.S. Bank. As part of the agreement, Tsys will continue to support the bank’s commercial card payment services in the United States, Europe and Canada, and will also support their acquiring business.

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