UBS is revamping its IT infrastructure and management by creating a central group of 3,000 specialists, according to press reports in Zurich. The goal of the centralisation, which will take effect in the second quarter, is to trim costs by
Wall Street Systems says Cincinnati based Fifth Third Bancorp has bought its treasury engine to facilitate the provision of forex services to corporate customers. Over 30 users will be based at the bank's headquarters in Cincinnati, as well as remote
ADP Claims Services Group, part of Automatic Data Processing, is buying ABZ Group BV, a privately held company in the Netherlands. ABZ, located in Zeist, has revenues of Euros 40 million. It is a business service provider, offering web based
Eiger Systems, a provider of payment systems, says it that it has been ranked eighteenth in the 2003 Deloitte European Technology Fast 500, and is the third highest placed UK company. The 2003 Deloitte European Technology Fast 500 is a
The performance analytics market is being driven by regulatory and legislative standards, competition and client demands, and fund managers' solutions are creaking under the requirements. Which means that fund managers are putting performance analytics technology at the top of their
TietoEnator has acquired the energy business operation of Retail System, an OMHEX business unit. The acquisition gives TietoEnator access to a Customer Information System (CIS) adapted for the energy sector, POMAX Customer. It also means that about 45 employees will
BNP Paribas has signed a long term services agreement with IBM which is reported to be worth up to Euros 1 billion. The key element of the agreement is that BNP Paribas and IBM will set up a single purpose
SmartStream Technologies says CLSA Asia Pacific Markets, an Asian brokerage, investment banking and private equity firm headquartered in Hong Kong, has bought its TLM reconciliation solution. Smartstream says CLSA wanted an integrated cash and securities reconciliation solution that also could
New Radianz CEO Howard Edelstein has capitalised on old connections he is the former head of Thomson Financial ESG to strike a deal with Thomson Financial, by which the rival to Reuters and Bloomberg will use RadianzNet to distribute its
Sun Microsystems today claimed leadership Din the high performance and technical computing market (HPTC), in terms of the number of server units shipped. According to IDC's third quarter Worldwide Technical Server report, Sun nearly doubled unit shipments (99.7 percent growth)