Outsourcing

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/Outsourcing

Aldermore extends processing contract with Newcastle Building Society

Newcastle Strategic Solutions, part of the Newcastle Building Society Group, today announces that it has extended its existing contract with Aldermore to continue to manage its retail savings portfolio from its North East base.

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Cynozure offers chief data officer on demand

Cynozure, the data and analytics strategy consultancy, today announces its CDO Hub, an innovative and pioneering service for businesses of all sizes to access the very best data expertise, as and when needed.

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IBM strikes $140 million managed services deal with Thailand's Krungsri

IBM (NYSE: IBM) and Krungsri (Bank of Ayudhya PCL), one of Thailand's largest financial institutions with 8.6 million credit cards, sales finance, and personal loan accounts, today announced a five-year US$140M engagement, to support the bank's future roadmap for growth and focus on digital banking.

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Credit Agricole outsources listed derivatives back office to Caceis

Crédit Agricole CIB has appointed CACEIS as one of its main listed derivatives clearers.

Commerzbank outsources all Sepa transactions to equensWorldline

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Commerzbank outsources all Sepa transactions to equensWorldline

Commerzbank is preparing for the arrival of instant payments across Europe by outsourcing all of its payments processing in the Single Euro Payments Area (Sepa) to equensWordline.

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SRM looks to automate contract management

SRM (Strategic Resource Management) is an independent advisory firm for financial institutions, specializing in vendor services related to payments, digital banking, core processing and operational efficiencies.

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CivilisedBank outsources HR to The Curve Group

The Curve Group, one of the UK’s fastest growing Recruitment and HR outsourcing companies, announces today that it has entered into an exciting partnership with CivilisedBank to provide them with an exclusive HR Outsource solution.

ECB's Hakkarainen warns on IT outsourcing risks

/Outsourcing

ECB's Hakkarainen warns on IT outsourcing risks

As the digitalisation of banking gathers pace, outsourcing of key IT services to third parties poses an increasing risk to the sector, warns a senior European Central Bank figure.

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More than half of institutional investors plans to outsource data management by 2021

State Street Corporation (NYSE: STT) announced today new research[1], which reveals that more than half (60 percent) of institutional investors surveyed plan to partly or fully outsource their data management over the next three years.

Brexit, cyber-resilience, Open Banking to the fore at Swift London forum

/Outsourcing

Brexit, cyber-resilience, Open Banking to the fore at Swift London forum

The Swift Business Forum London recently took place at the city's Tobacco Dock. With a record 1,300 registrations, the key themes of the day included innovation in financial services, community collaboration, and cyber resilience. And of course, being hosted in the UK, Brexit and its potential impacts also came up in discussion

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Nabil Bank moves card processing to Compass Plus

Nabil Bank, one of the leading banks in Nepal and the first private sector bank in the country, has migrated its card processing business to the Compass Plus Processing Centre.

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Cardtronics bags ATM management deal with TDECU

Cardtronics (Nasdaq: CATM) today announced that TDECU, the largest credit union in Houston with more than 275,000 members, has selected Cardtronics to operate and manage its entire ATM fleet.

/Outsourcing

BBVA hands IBM Latin American and US tech contract

BBVA Group signs the second phase of its global accord on optimizing data processing, centered on Latin America and the US.

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TCS scores £500m M&G Prudential contract

M&G Prudential, the UK and European savings and investments business of Prudential plc, announces a new agreement with Tata Consultancy Services (TCS), a global leader in IT, business process and digital services, to digitally transform their business and deliver enhanced service for its UK savings and retirement customers.

SS&C agrees $5.4bn DST Systems takeover

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SS&C agrees $5.4bn DST Systems takeover

SS&C has agreed a $5.4 billion cash deal to buy DST Systems, giving a major boost to its move into the $25 trillion US retirement market.

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Network International leads Emirates NBD's credit card migration to Network One platform

Network International, the leading payment solutions provider in the Middle East and Africa (MEA) has led the successful migration of Emirates NBD's credit card issuing business, moving over one million cards to Network One, Network International's leading edge processing platform.

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Unisys wins ECB IT outsourcing contract

The European Central Bank (ECB) today signed a contract with Unisys to manage its IT operations, which include the IT support desk and operation of the data centre.

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Tradeshift partners with Infosys BPO

Tradeshift, the world’s largest business commerce platform, today announced a partnership with Infosys BPO, the Business Process Outsourcing subsidiary of Infosys Limited (INFY).

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Financial services brings offshore jobs back to the UK

UK financial services companies are increasingly bringing their offshored operations back to home nations as companies are being affected by rising costs and lacklustre service in offshore regions, according to specialised recruiter Robert Half Financial Services.

Banks cite cyber security and outsourcing as operational risk concerns grow

/Outsourcing

Banks cite cyber security and outsourcing as operational risk concerns grow

More than half of European banks foresee an increase in operational risk as the fintech revolution brings concerns about cyber-security, IT failures and outsourcing problems to the fore, according to research from the EBA.

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