18 October 2017
visit www.response.ncr.com

BCP outsources IT infrastructure to IBM

04 July 2003  |  3812 views  |  0 IBM

Portugal's largest bank, Banco Comercial Portugues, has signed a ten-year, EUR340 million, IT infrastructure outsourcing deal with IBM.

The move reflects a strategic decision by BCP to gain flexibility on its investments and cost savings in the IT area.

Under the agreement, IBM will manage BCP's IT infrastructure, mainframe and iSeries servers, the IT centre, the hosting of Unix systems, and business continuity and disaster recovery operations. As a result of the deal, BCP expects to reduce its IT infrastructure costs by 25%, within a short-term period.

A recent Datamonitor survey of financial technology spending at 150 European financial institutions found that 68% were planning to increase their investment on IT infrastructure rationalisation.

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

Computacenter reports HBOS, Abbey outsourcing deals

Computacenter reports HBOS, Abbey outsourcing deals

02 July 2003  |  9045 views  |  0 comments
Barclays outsources desktop technology to EDS

Barclays outsources desktop technology to EDS

04 June 2003  |  6343 views  |  0 comments | 1 linkedin
IT outsourcing and BPO fastest growing lines in financial services

IT outsourcing and BPO fastest growing lines in financial services

30 May 2003  |  8874 views  |  0 comments
Nordea to consolidate IT with IBM

Nordea to consolidate IT with IBM

27 May 2003  |  4456 views  |  0 comments
NFS outsources IT to IBM

NFS outsources IT to IBM

14 May 2003  |  3660 views  |  0 comments
Banque Hervert outsources IT operations to EDS

Banque Hervert outsources IT operations to EDS

12 May 2003  |  3925 views  |  0 comments
Seventy Nordea IT staff to join CSC in Tryg outsourcing deal

Seventy Nordea IT staff to join CSC in Tryg outsourcing deal

08 May 2003  |  4774 views  |  0 comments
North American Savings Bank outsources IT ops to Aurum

North American Savings Bank outsources IT ops to Aurum

07 May 2003  |  3541 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comRegister nowvisit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15336 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8512 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8052 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7578 views comments | 13 tweets | 9 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6722 views comments | 8 tweets | 16 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job