APAC - NEWS UPDATE
Corporate Developments
Credit Suisse said it plans to set up a second back office in India and hire 350 staff by 2010.
Nordic IT services group EDB Business Partner said it is planning to cut up to 150 jobs as part of a NKr400 million ($59 million) cost cutting programme.
Sun Microsystems has agreed to be acquired by Oracle in a $7.4-billion all cash deal, after its earlier talks with IBM collapsed.
Tech Mahindra, an Indian IT firm, has won the bidding to buy a 51% stake in fraud-hit Satyam Computer Services for around $579 million.
Core Banking
Bank Bumiputera Indonesia has implemented a new IT system worth $5 million from local vendor Silverlake Axis Integrated Solutions with the help of IBM Global Technology Services.
Neptune Software announced the successful implementation of its Rubikon Banking system at TN Bank in Zimbabwe.
Jordan Islamic Bank has chosen STS, a local IT service and enterprise solutions provider, to deploy a new Islamic core banking system supplied by FACT, based on the IBM technology platform.
e-Channels
China Everbright Bank has introduced an online payment service for its credit card customers.
Scotiabank Barbados has launched its new small business banking programme which includes an internet banking service for business customers.
Payment Systems
Crédit Agricole has selected Clear2Pay's open payment framework for processing payment transactions across the group in Europe.
MasterCard Canada, in partnership with Citi Cards Canada and telco firm Bell Mobility, has completed the first near-field communications trial of Mobile PayPass in Canada.
Visa has teamed with Malaysia's Maybank, wireless carrier Maxis and handset manufacturer Nokia to launch its first commercial contactless mobile payments service in the country.
Transaction Services
Japan’s Nomura Asset Management has gone live on the Charles River investment management system to automate its front- and middle-office operations.
Fortis Bank Global Clearing has licenced the TwoFour System to automate the current and anticipated needs of its global treasury cash management business.
Commonwealth Bank of Australia's equities execution and trading division has gone live on the Progress Apama complex event processing platform for managing specific transactional needs.
Société Générale Securities Services has gone live with Misys' Summit FT treasury system to support its asset servicing and custody services business in Paris.
ATMs and Branches
MasterCard has launched a free application for the iPhone and iPod Touch that helps users locate ATMs around the world.
Bank Melli Iran has chosen to deploy Pakistan-based TPS’ ATM and debit card solutions for its branches in Oman.
Consulting
Deloitte, Ernst & Young, KPMG and PwC have been reportedly approached to pitch for a mandate to assist with the UK’s Financial Services Authority investigation into the financial crisis.
Other Products and Services
Telstra has won a 10-year A$1 billion ($704 million) contract to manage the Commonwealth Bank of Australia's branches, contact centres, EFTPOS network and non-branch ATMs.
China’s Huishang Bank has selected Teradata to build its enterprise data warehouse.
IBM has announced that Japan’s Hokkoku Bank has extended its strategic outsourcing contract with the IT giant for an additional six years and eight months.
Malaysia’s RHB Banking Group has deployed a new multi-million-ringgit call centre system provided by HP to expand the bank’s contact centre capabilities.
People
Business analytics software and services provider SAS has named David Hughes as its vice president of Asia Pacific operations. He was most recently vice president of sales in Canada.
Fidessa has appointed David Jenkins as its business solutions manager for Asia Pacific based in Hong Kong. Prior to this, he was a principal solutions consultant at Apama in Hong Kong.
MasterCard Worldwide has hired Antonio Ferri, a former senior consultant with Dante Consulting, to the new position of group executive of enterprise architecture, to steer the firm’s IT strategy.
Credit Suisse said it plans to set up a second back office in India and hire 350 staff by 2010.
Nordic IT services group EDB Business Partner said it is planning to cut up to 150 jobs as part of a NKr400 million ($59 million) cost cutting programme.
Sun Microsystems has agreed to be acquired by Oracle in a $7.4-billion all cash deal, after its earlier talks with IBM collapsed.
Tech Mahindra, an Indian IT firm, has won the bidding to buy a 51% stake in fraud-hit Satyam Computer Services for around $579 million.
Core Banking
Bank Bumiputera Indonesia has implemented a new IT system worth $5 million from local vendor Silverlake Axis Integrated Solutions with the help of IBM Global Technology Services.
Neptune Software announced the successful implementation of its Rubikon Banking system at TN Bank in Zimbabwe.
Jordan Islamic Bank has chosen STS, a local IT service and enterprise solutions provider, to deploy a new Islamic core banking system supplied by FACT, based on the IBM technology platform.
e-Channels
China Everbright Bank has introduced an online payment service for its credit card customers.
Scotiabank Barbados has launched its new small business banking programme which includes an internet banking service for business customers.
Payment Systems
Crédit Agricole has selected Clear2Pay's open payment framework for processing payment transactions across the group in Europe.
MasterCard Canada, in partnership with Citi Cards Canada and telco firm Bell Mobility, has completed the first near-field communications trial of Mobile PayPass in Canada.
Visa has teamed with Malaysia's Maybank, wireless carrier Maxis and handset manufacturer Nokia to launch its first commercial contactless mobile payments service in the country.
Transaction Services
Japan’s Nomura Asset Management has gone live on the Charles River investment management system to automate its front- and middle-office operations.
Fortis Bank Global Clearing has licenced the TwoFour System to automate the current and anticipated needs of its global treasury cash management business.
Commonwealth Bank of Australia's equities execution and trading division has gone live on the Progress Apama complex event processing platform for managing specific transactional needs.
Société Générale Securities Services has gone live with Misys' Summit FT treasury system to support its asset servicing and custody services business in Paris.
ATMs and Branches
MasterCard has launched a free application for the iPhone and iPod Touch that helps users locate ATMs around the world.
Bank Melli Iran has chosen to deploy Pakistan-based TPS’ ATM and debit card solutions for its branches in Oman.
Consulting
Deloitte, Ernst & Young, KPMG and PwC have been reportedly approached to pitch for a mandate to assist with the UK’s Financial Services Authority investigation into the financial crisis.
Other Products and Services
Telstra has won a 10-year A$1 billion ($704 million) contract to manage the Commonwealth Bank of Australia's branches, contact centres, EFTPOS network and non-branch ATMs.
China’s Huishang Bank has selected Teradata to build its enterprise data warehouse.
IBM has announced that Japan’s Hokkoku Bank has extended its strategic outsourcing contract with the IT giant for an additional six years and eight months.
Malaysia’s RHB Banking Group has deployed a new multi-million-ringgit call centre system provided by HP to expand the bank’s contact centre capabilities.
People
Business analytics software and services provider SAS has named David Hughes as its vice president of Asia Pacific operations. He was most recently vice president of sales in Canada.
Fidessa has appointed David Jenkins as its business solutions manager for Asia Pacific based in Hong Kong. Prior to this, he was a principal solutions consultant at Apama in Hong Kong.
MasterCard Worldwide has hired Antonio Ferri, a former senior consultant with Dante Consulting, to the new position of group executive of enterprise architecture, to steer the firm’s IT strategy.
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