Financial services news
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Wall Street firms to invest in IT and risk management despite fears over implementation costs and skills shortage
Despite recent billion dollar write-downs and thousands of personnel reductions, technology spending is the one area that is going to be largely unaffected by cost-cutting, according to a recent survey. |
10 Jun 2008 |
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IBM demonstrates record-breaking low-latency performance at SIFMA 2008
This year at SIFMA IBM will demonstrate record-breaking low-latency performance with a demonstration of high speed multicast messaging. In tests the IBM research team has achieved latency as low as 7 microseconds using reliable multicast messaging over Infiniband. |
10 Jun 2008 |
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Mizuho Securities to utilize Cell Broadband Engine-Based IBM BladeCenters
IBM Japan today announced it has delivered the world’s first application for financial institutions, based on the Cell Broadband Engine (Cell/B.E.) architecture and IBM BladeCenter® QS series to Mizuho Securities Co., Ltd. to be utilized to enhance their new Exotic Derivatives Trading System currently under development. |
27 May 2008 |
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IBM unveils insurance operations of the future
IBM announced two new advances in the insurance industry — a solution for improving operational efficiency and a framework for process acceleration — both designed to help insurance providers lower costs and increase customer satisfaction by handling core functions, such as claims and policy processing, more efficiently. |
13 May 2008 |
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IBM offers high performance computing outside the lab
Driven by growing commercial need in areas such as financial services, digital media creation and medical imaging, IBM today expanded its High Performance Computing (HPC) capabilities for businesses with the introduction of the IBM® BladeCenter® QS22. |
13 May 2008 |
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IBM acquires InfoDyne to create world-class platform for low latency market data delivery
IBM (NYSE: IBM) today announced it has acquired InfoDyne Corporation, a privately held software company based in Park Ridge, Illinois. InfoDyne is a leader in high-speed platforms and data feed connectors which combined with IBM's WebSphere technology will help clients extend transactional integrity to low-latency environments. |
29 Apr 2008 |
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IBM takes SOA to the bank, driving the future of financial customer service
IBM today announced a new industry framework for financial services that that will help banks better manage and use information to increase revenue, reduce risk, and improve operational efficiency. |
07 Apr 2008 |
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TD Bank Financial Group partners with IBM on breakthrough supercomputing system
IBM announced a partnership with TD Bank Financial Group to explore the use of IBM's breakthrough Stream Computing software system which will utilize the IBM Blue Gene supercomputer. |
02 Apr 2008 |
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Coastal Federal Credit Union signs up for IBM loan fulfillment services
IBM Lender Business Process Services, Inc., today announced that Coastal Federal Credit Union has entered into a five-year contract whereby IBM will provide comprehensive private label mortgage loan fulfillment services. |
01 Apr 2008 |
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Pennsylvania State Credit Union turns to IBM and Avaya to improve customer service
The new IBM and Avaya services intelligently route PSECU clients to the agent PSECU determines is best suited to handle their call regardless of how clients choose to contact the credit union. |
18 Mar 2008 |
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ACI Worldwide, Inc. signs IT outsourcing agreement with IBM
The seven-year agreement is estimated to deliver operating cost savings for ACI of $25 million to $30 million over the course of the contract, providing the company with advanced technology and enhanced service capabilities. |
18 Mar 2008 |
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Majority of US wealth management clients are not advocates of their firms: IBM study
The study, Building Client Advocacy: New Opportunities for Wealth Management Firms, comes at a time when firms are scrambling to differentiate themselves and meet changing consumer demands for new investment products and services. |
25 Feb 2008 |
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IBM technology used by MIB, Inc. to protect insurers and consumers against fraud
IBM today announced that MIB, Inc., the premier provider of fraud detection services to the North American life and health insurance industries, is building a service oriented architecture (SOA) using IBM technology to better serve its clients. |
13 Feb 2008 |
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Fair Isaac and IBM expand global alliance to deliver decision management applications
Fair Isaac Corporation and IBM today announced a significantly expanded strategic alliance to create and deliver end-to-end financial services solutions powered by IBM’s open technology to help clients better integrate information across the enterprise. |
23 Jan 2008 |
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Bank Negara Indonesia capitalizes on SOA to strengthen market position
Bank Negara Indonesia has boosted efficiency and productivity with a service oriented architecture (SOA) powered by IBM Software. |
18 Jan 2008 |
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IBM and Algorithmics to build first advanced risk management system for a securities house in China — Guotai Junan Securities
IBM and Algorithmics announced they will deliver and implement a new portfolio construction and risk management solution at Guotai Junan Securities, for security trading and fund management. |
18 Jan 2008 |
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IBM and CMS provide securities solutions for Dai Viet Securities Corporation
Dai Viet Securities Corporation, IBM and Capital Market Solutions signed a technology agreement under which CMS will provide securities solutions while IBM will provide IT infrastructure and project management services for DVSC. |
18 Jan 2008 |
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Bank of London and The Middle East plc secures financial data with IBM Internet Security Systems
Bank of London and The Middle East plc (BLME), a stand-alone Sharia'a-compliant investment bank, has selected intrusion prevention technology from IBM's Internet Security Systems (ISS) division to help reinforce its existing security controls and further protect its customer and corporate data. |
16 Jan 2008 |
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Standard Bank signed a new technology services agreement with IBM
Standard Bank's Argentine branch signed a technology services agreement with IBM which includes hosting, operation and recovery services as well as hardware provision to help the bank update its technology processes. |
16 Jan 2008 |
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Allied Irish Bank chooses IBM in 45 million Euro core system transformation agreement
IBM announced that it has signed a three-year, 45 million euro agreement with Allied Irish Bank to transform its core banking systems. The aim of the agreement is to provide the bank with an open and flexible platform to support future business growth. |
16 Jan 2008 |
