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Digital agenda driving IT hiring spree at City investment banks

November 10, 2014 - London's investment banks have gone on an IT hiring spree as the industry accelerates its investment in digital technologies and acts to replace staff lured away by the promises of riches from fintech startups, according to fresh data from recruitment outfit Astbury Marsden.

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TCS Recognized as Leader in Finance and Accounting Business Process Services by Everest Group

November 10, 2014 - Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading IT services, consulting and business solutions organization, today announced it has been recognized as a 'Leader' and Star Performer' in Finance and Accounting (F&A) Business Process Services (BPS) by Everest Group in its report, "Finance and Accounting Outsourcing (FAO) – Service Provider Landscape PEAK Matrix™ Assessment 2014, August 2014."

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Linedata launches Optima suite of business process management tools

November 4, 2014 - Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced the launch of Linedata Optima, a powerful, innovative suite of business process management (BPM) tools designed specifically for fund accounting and administration and which will run across Linedata's suite of fund servicing solutions.

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AIM Software's GAIN named "Best in Class" for Business Process Improvement, Product Scope in 2014 Data Management Report

October 30, 2014 - CEB TowerGroup analysts named AIM Software's GAIN Data Management a "Best-in-Class" Vendor for Business Process Improvement and for Product Scope.

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Confluence Survey Reveals Growing Concern Over Risks Associated With Manual Processes In The Asset Management Back-Office

October 27, 2014 - Confluence, global leader in data-driven, scalable software and service solutions for the managed investment industry, today released the results of its 2014 Asset Management Industry Trends Survey. Nearly all survey respondents (94%) voiced concern that manual processes might affect their ability to control errors in the back-office, up from 85% in 2010.

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Banks worldwide to invest $16 billion in branch transformation - IDC

October 23, 2014 - According to a study carried out on behalf of Wincor Nixdorf by the American company International Data Corporation (IDC), a global leader in IT market research and consulting, in 2017 banks all over the world will invest some 16 billion U.S. dollars in branch transformation and the new technologies it requires.

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Changes in Regulation Have Led 77 Percent of Global Financial Institutions to Alter their Business Models

September 30, 2014 - Broadridge Financial Solutions, Inc. (NYSE:BR), the leading provider of investor communications, technology-driven solutions and data and analytics, today announced the findings of a global survey of more than 400 executives assessing recent operational changes among financial institutions. The survey, sponsored by Broadridge and conducted by The Economist Intelligence Unit, found a majority of institutions (77 percent) are altering their business models as a result of recent changes in regulation and market structure; this has also elevated the status of chief operating officers (COO) within the C-suite.

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Banks could make big T2S-related savings - research

September 9, 2014 - Banks and brokers could save millions of euros if they act fast to adapt their securities and cash supply chains for Target2-Securities (T2S), according to Clearstream commissioned research.

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