2009

Dec

16

Infosys BPO joins hands with Philips to target Latin American market

The business process outsourcing subsidiary of Infosys Technologies, Infosys BPO Ltd. has formed an alliance with Philips in Latin America. Infosys BPO will support the Order-to-Cash, Procure-to-Pay and Record-to-Report areas such as Local Payments,

2009

Nov

30

Huge potential for automation of account processes in UK firms, says a survey

Formscan conducted a survey research on the use of maual invoice processing systems by the UK firms. According to the research, 52 percent of the UK firms have automated their accounts payable (A/P) processes and about half of them have automated the

2009

Nov

03

Penson purchases Broadridge clearing contracts

Penson Worldwide has signed deal with Broadridge Financial Solutions to purchase the clearing contracts of its Ridge business. The deal is expected to value USD 60 million to USD 70 million, which will be paid in the form of promissory note and stock

2009

Oct

29

Insurers in Asia Pacific open to IT outsourcing, says a survey

According to IDC Financial Insights' latest report, the challenges in the insurance marketplace have increased a lot. The report is about 'Insurance Vendors: Spotlighting the Major Players in Asia-Pacific', assessing the insurance technology vendors

2009

Oct

15

UBS to sell Indian Service Centre to Cognizant

UBS India Service Centre will be sold to Cognizant, according to a deal signed between the two, which also includes a multi-year services contract. The financial terms and conditions of the deal were not disclosed. The closure of the deal is subject

2009

Oct

14

Accounts payable market expected to rise in 2010

The accounts payable market is expected to grow in 2010 as cost containment and cash management have become the top priorities of the executive agenda. This is according to a new study called 'E-Payables Benchmark 2009: Accounts Payable Rising' by Ab

2009

Oct

01

Survey: Social networks help improve low customer trust towards financial institutions

A survey conducted by KRC Research has revealed predictable results of lower trust towards banks among young U.S. citizens. Moreover, the majority of survey respondents consider the use of technology and communications through social networking as a

2009

Sep

17

TCS opens new delivery center in Argentina

Indian IT services provider Tata Consultancy Services (TCS) has launched a new Global Delivery Center in Argentina to expand its Global Network Delivery Model. The new center will have 250 IT professionals initially. This center will provide BPO s

2009

Sep

14

Survey: Transaction banks consider technology and IT investments high priority

A joint survey by banking co-operative Swift and IBM found out that driven by risk and regulatory pressures, global transaction banks are giving high priority to investment in technology and IT outsourcing. 1200 business and technology executives too

2009

Sep

07

Morgan Stanley may sell its Indian back-office operations

Morgan Stanley is considering plans to sell its Indian back-office operations. This unit is engaged in IT development services and does accounting and finance-related work for its parent company. In addition, the unit provides equity research, portfo