Banking, Financials - Verticals

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Banking, Financials

TCS BaNCS excels in Celent’s ABCD analysis

March 08, 2010

TCS BaNCS has performed well in Celent’s “Core Banking Solutions For Large Banks”. The company has been declared the best in Advanced Technology, Breadth of functionality and Depth in Client…
4 out of 5 FAO star performers are Indian companies

March 02, 2010

After slowing down in 2009, the Finance and Accounting Outsourcing (FAO) market is set to climb back to pre-recessionary levels, says Everest. It will grow at 20% in 2010 and reach nearly $3.7 million…
Wipro signs Rs 100 crore, 10-year deal with Sind bank

February 24, 2010

IT major Wipro Ltd, and leading public sector bank Punjab and Sind Bank (PSB) have announced that they have signed a 10-year contract for comprehensive IT outsourcing services for PSB. The contract…
Indian BFSI market booming, but CIOs hard to please

February 19, 2010

The Banking, Financial Services and Insurance (BFSI) IT Services market in India is expected to grow from $1.6 billion in 2009 to $2.7 billion in 2013, growing at an annual rate of 14.2%, says…
BFSI to spend more on IT to ensure compaliance

February 01, 2010

Government intervention and regulation will prompt financial institutions to spend more money on IT, says Ovum.“This will create new IT opportunities for vendors in 2010. However, vendors will need…
BI vendor iCreate gets Rs 15 crores funding

January 29, 2010

iCreate Software has successfully completed a Series A round of financing of Rs. 15 crores. The investment was made by IDG Ventures India. Mr. T.C. Meenakshisundaram and Mr. Ranjith Menon of IDG…
Finacle wins 20 deals from regional rural banks

January 25, 2010

Infosys’ Finacle Banking Solutions has won deals from 20 Regional Rural Banks (RRB). Finacle has been assigned to handle the core banking solutions for the RRBs. Haragopal Mangipudi Vice…
WNS announces results for third quarter

January 22, 2010

WNS has announced results for the fiscal third quarter 2010 ended December 31, 2009. Revenue for the fiscal third quarter 2010 of $149.1 million represented an increase of 11.3% over the…
CFOs turning to finance outsourcing in 2010

January 20, 2010

The demand for finance and accounting outsourcing (FAO) services is strong and will continue to grow in 2010, according to the findings of The WNS Annual CFO Survey 2010.The study consisted of an…
APAC banks to spend on IT in 2010

January 18, 2010

Banks in the Asia/Pacific region are expected to increase their technology investments in 2010, reports IDC. Many of the transformative and long-term projects that were held off because of uncertain…

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