13 December 2017
visit http://response.ncr.com

IBM wins $230m Thai Farmers Bank outsourcing deal

29 November 2002  |  4330 views  |  0 IBM wins $230m Thai Farmers Bank outsourcing deal

IBM has clinched a 10 year US$230 million contract to manage Bangkok-based Thai Farmers Bank's (TFB) IT network and services.

As part of the agreement, due to begin in January, 270 bank staff have been offered employment contracts by IBM.

Apichai Bunyakiat, executive vice president, Thai Farmers Bank, says: "I believe this partnership will serve as a constructive services model for our banking industry as efficiencies and innovation deriving from it will certainly benefit our customers, investors, employees and economy."

The bank will continue to be responsible for its own IT strategy, architecture and security, he adds.
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

JPMorgan Chase and IBM in talks on $5 billion IT outsourcing deal - WSJ

JPMorgan Chase and IBM in talks on $5 billion IT outsourcing deal - WSJ

13 November 2002  |  6112 views  |  0 comments
Cazenove pulls out of IBM outsourcing contract

Cazenove pulls out of IBM outsourcing contract

08 October 2002  |  5512 views  |  0 comments
Access International and IBM sign marketing agreement

Access International and IBM sign marketing agreement

02 October 2002  |  2857 views  |  0 comments
Brief: Moneyline Telerate in reseller pact with IBM

Brief: Moneyline Telerate in reseller pact with IBM

02 October 2002  |  4940 views  |  0 comments
IBM makes big pitch for bank IT bucks

IBM makes big pitch for bank IT bucks

01 October 2002  |  5520 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.response.ncr.comvisit www.solutions.lexisnexis.com

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
12134 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
9316 views comments | 16 tweets | 22 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
7916 views comments | 17 tweets | 35 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7330 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7165 views comments | 20 tweets | 11 linkedin

Featured job

Find your next job