Thailand’s Thanachart Bank Company Limited (TBank) has signed a seven year outsourcing deal with IBM for US$60 million, as part of its plans to increase its IT capacity and better meet its customer’s needs.

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With the aim of expanding its presence in Japan, Quantifi, an analytics and risk management solutions provider to the global credit markets, has formed a partnership with Rickie Market Solutions (RMS).

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PerTOOLS, provider of time series analysis and data extractor tools, has appointed IBN Technologies, a hedge fund outsourcing specialist, a global reseller. IBN Technologies is based in India. This alliance is another step towards PerTOOLS’s plan both to have a global network of resellers before the end of this year, and to service and expand its global client base, according to the vendor.

Deutsche Bank has signed a letter of intent to set up an offshore operations centre in Jaipur, India. Deutsche Bank Operations International has signed a deal with the Government of Rajasthan to develop the new centre at the Mahindra World City, which is a ’special economic zone’ covering 3000 acres.

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HCL Technologies (HCL), an Indian outsourcing firm, and Misys have entered a strategic partnership designed to target the markets of India, Singapore and Malaysia, and drive speed to market for Misys financial services solutions in the region.

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New York-headquartered outsourcing specialist Broadridge Financial Solutions has revealed plans to invest US$6 million in expanding its operations in India. As well as establishing a facility in Hyderabad by June next year, Broadridge intends to increase its headcount in the country by 30 per cent by next March, taking the number of Indian employees supporting its provision of securities processing, clearing and outsourcing solutions from 500 to 700.

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