25 September 2016
Visit colt.net

IBM wins $600 million ING US Financial Services contract

17 December 2003  |  4573 views  |  0 IBM wins $600 million ING US Financial Services contract

Dutch banking group ING has signed a seven year contract, worth $600 million, with IBM for the supply of IT operating services across its US subsidiary.

Under the deal, IBM will operate ING US Financial Services' technology systems, consolidate mainframes and midrange computer operations and manage help desk, voice and data networks.

The agreement with IBM will enable ING to increase or decrease computing capacity as market demand changes and pay only for the capacity that it uses.

Paul Donovan, chief information officer, ING US Financial Services, says: "IBM's on demand computing model will propel ING US Financial Services' IT infrastructure to new levels of performance, efficiency and power."

IBM says it will also work with ING to introduce emerging technologies, including wireless access.

Separately, India-based ING Vysya Bank has signed a five year IT outsourcing contract, worth $20 million, with Bangalore-based iGate Global Solutions.

Under the contract, iGate will manage the bank's data centre operations, systems and network management and provide on-going support.

Bart Hellemans, CEO and managing director, ING Vysya, says: "Through their global experience and domain expertise iGate will ensure that our technology systems are a key differentiator for us."
KeywordsOUTSOURCING

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Zurich outsources IT operations to IBM

Zurich outsources IT operations to IBM

11 December 2003  |  4819 views  |  0 comments
IBM and i-flex extend retail banking alliance

IBM and i-flex extend retail banking alliance

20 November 2003  |  4563 views  |  0 comments
ATB Financial extends IBM outsourcing deal

ATB Financial extends IBM outsourcing deal

20 November 2003  |  3375 views  |  0 comments
E*Trade deploys IBM on Linux for cross-sales

E*Trade deploys IBM on Linux for cross-sales

12 November 2003  |  5229 views  |  0 comments
ING Direct secures resources with Cyber-Ark vaulting technology

ING Direct secures resources with Cyber-Ark vaulting technology

11 November 2003  |  3478 views  |  0 comments
Bradford & Bingley extends IBM outsourcing deal

Bradford & Bingley extends IBM outsourcing deal

07 November 2003  |  7906 views  |  0 comments
Centric iServices and IBM introduce STP feedback loop

Centric iServices and IBM introduce STP feedback loop

22 October 2003  |  3631 views  |  0 comments
IBM positions WBI-FN as single payments window

IBM positions WBI-FN as single payments window

21 October 2003  |  7856 views  |  0 comments
ING Investment Management rolls out Milestone platform in Sydney

ING Investment Management rolls out Milestone platform in Sydney

20 October 2003  |  2689 views  |  0 comments
IBM lands CDN$720 million TD Bank contract

IBM lands CDN$720 million TD Bank contract

17 October 2003  |  7611 views  |  0 comments
Nordea signs EUR2.2 billion 'on-demand' IT deal with IBM

Nordea signs EUR2.2 billion 'on-demand' IT deal with IBM

02 October 2003  |  5424 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.smartstream-stp.comVisit contisgroup.comVisit capgemini.com

Top topics

Most viewed Most shared
Co-habitation with banks key to fintech futureCo-habitation with banks key to fintech fu...
13511 views comments | 34 tweets | 34 linkedin
hands typing furiouslyGoogle's Larry Page buys a 'major global b...
12986 views 0 | 31 tweets | 25 linkedin
RBS tests demonstrate ability of Ethereum to support a national domestic payments systemRBS tests demonstrate ability of Ethereum...
11210 views comments | 43 tweets | 28 linkedin
Banks test blockchain for reference data managementBanks test blockchain for reference data m...
8343 views comments | 16 tweets | 25 linkedin
Deutsche Bank teams up with accelerator to back fintech startupsDeutsche Bank teams up with accelerator to...
7053 views comments | 12 tweets | 5 linkedin

Featured job

EUR Competitive
Brussels - Belgium or Paris - France

Find your next job