3349 Results from 2002
/payments
IBM has claimed the largest outsourcing agreement of its kind in a new $5 billion seven year agreement with JP Morgan Chase & Co. As a result, around 4000 bank staff will be transferred to IBM in the New Year.
31 December 2002
/regulation
ABN AMRO and EDS today announced that they have reached an agreement on an IT outsourcing contract for ABN AMRO’s Wholesale Client (WCS) Strategic Business Unit.
24 December 2002
Britain's consumers will be piling on the pounds in every sense during Christmas and New Year, according to research into seasonal spending undertaken by Visa.
23 December 2002
Computershare is acquiring the software and intellectual property assets of EFA Software Services Ltd. The deal adds 25 new stock exchange customers to the 15 exchanges that already use Computershare trading systems.
The Finextra office will be closed after Friday 20 December, re-opening Thursday 2 January. During this quiet period our usual volume of news coverage will be reduced.
20 December 2002
Allianz Dresdner Asset Management Deutschland is to implement SimCorp's investment management software TMS2000 as its unified back office system.
/retail
Two senior executives from Indian financial technology firm Polaris Software have been released from prison in Jakarta after an eight-day detention sparked by an altercation with an Indonesian banking customer.
French online broker Fimatex says it has entered exclusive talks with Germany's DAB Bank to buy its French broking arm SelfTrade. Financial details have not been disclosed.
Carreker Corporation, a US-based supplier of cheque processing and fraud detection systems to the banking industry, has delayed its third quarter earnings statement while it awaits the outcome of a probe into the timing of the company's revenue recognition.
Credit Suisse is to cut 300 back office and IT jobs at Credit Suisse First Boston in Zurich under plans to consolidate securities and treasury transaction processing operations.
/Sibos
Royal Bank of Canada has contracted with American Management Systems to implement the TradeLine system as its North American trade finance platform.
/wholesale
SWX Swiss Exchange has made an offer to take full control of the virt-x, the AIM-listed screen-based exchange in which it already holds a 39% stake.
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.