News for BFSI
Wednesday, September 01, 2010
CBI awards 5 year contract to Wipro
Central Bank of India (CBI), one of the largest public sector banks in India has awarded IT solutions supplier Wipro a five-year total outsourcing agreement to provide state-of-the-art, technology-driven, core banking solution for seven sponsored Regional Rural banks (RRBs).
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Thursday, August 26, 2010
Patni lands Serco Learning contract; wins 7-figure deal with RSA Group
Global IT and BPO services provider has been awarded a seven-year contract with Serco Learning for the development and delivery of ‘Progresso’; Serco’s new information management platform for schools.
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UCO Bank and Wipro sign seven year outsourcing contract
Public Sector Bank UCO Bank has awarded IT and business transformation service provider Wipro Infotech signed a 7 year total outsourcing contract with five Regional Rural Banks (RRBs).
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Wednesday, August 25, 2010
Lloyds extends its managed factsheet service contract with Factbook
The Lloyds Banking Group (LBG) has awarded Factbook, a specialist provider of fund reporting, marketing and data management solutions to the investment community a extension of their managed factsheet service.
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FSA fines Zurich £2.27m for data loss
The Financial Services Authority (FSA) has fined the UK branch of Zurich Insurance £2.27m for failing to have adequate systems and controls in place to prevent the loss of customers’ confidential information.
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Wednesday, August 18, 2010
Global outsourcing activity shows Q2 growth: Everest
The global outsourcing market saw a 12% increase in transaction volumes with continued growth led by Business Process Outsourcing (BPO) services, BFSI sector deals contributing one-fifth of overall global market activity, and North America and Europe driving three-fourths of all global transactions.
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50% of firms in DACH Region to up software expenditure; PAC
Nearly half of companies in DACH region (Germany, Austria and Switzerland) plan to increase their expenditure on CRM and ERP software, according to a recent survey conducted by Pierre Audoin Consultants (PAC).
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Tuesday, August 17, 2010
Luxoft opens UK Development Centre
Global provider of advanced application and product development services Luxoft, has opened its technical development centre in the UK.
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Wednesday, August 11, 2010
Harvey Nash opens City office to focus on London’s Financial Community
Global professional recruitment and IT outsourcing group Harvey Nash has announced the opening of another London office location in the heart of the financial district further strengthening the group's market position in professional technology recruitment for the financial services sector.
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Thursday, July 22, 2010
Credit Suisse outsources German fund administration to SocGen
Credit Suisse Asset Management in Germany has outsourced its fund administration business to Société Génèrale Securities Services (SGSS); under the terms of the agreement SGSS will provide Credit Suisse Asset Management in Germany with comprehensive fund administration services including front-office services (ASP), funds administration and reporting services.
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