BT Radianz announced that Bishop Cavanagh Limited, an international provider of banking systems consulting and applications support and outsourcing, will use BT Radianz’s data centers and network services to launch TRANSFORM – an industry-specific outsourcing solution for international banks.
TRANSFORM aims to offer end-to-end operating applications outsourcing to international banks. TRANSFORM aims to satisfy the industry’s need for outsourcing functionality that comprehensively fulfils technical, business process and regulatory requirements.
Penny Michaels, director, Bishop Cavanagh, said, “We are very excited about the immense benefits this solution will bring to our market in enabling banking institutions to transform their systems with lower risks and costs than traditionally available. Being able to connect our customers rapidly, efficiently and reliably 24 x 7 across all their global enterprises is an instrumental advance in our market.”
David Stop forth, head of European sales, BT Radianz, said, “There are a significant number of banks that are either at the end of their technology investment cycles or confronted with inefficient legacy systems, devouring disproportionate amounts of budget. Compliance deadlines have increased the pressure for banks to revise their outsourcing needs. IT spending constraints have created an environment where maintenance and cost reduction are key. As a result this solution satisfies the industry’s need.”