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Management Strategies

03:29 PM
BS&T Staff
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Big Deals

HSBC Inks Deal With SEI

London-based HSBC signed an agreement with SEI Investments (Oaks, Pa.) in which SEI will provide its outsourced wealth management services to HSBC Private Bank Great Britain.

LaSalle Re-Ups First Data Chicago-based LaSalle Bank renewed its contract with First Data (Greenwood Village, Colo.) to continue accessing the provider's STAR Network and signature debit processing service.

CIBC, HP Extend Outsourcing Agreement

Mississauga, Ontario-based Canadian Imperial Bank of Commerce (CIBC) and Hewlett-Packard (Palo Alto, Calif.) have amended and extended their IT outsourcing agreement for an additional four years to 2013.

Degussa Picks CheckFree

Degussa Bank, the German bank owned by ING-DiBa, the direct banking subsidiary of Dutch ING Group (Amsterdam), chose CheckFree's (Atlanta) Accurate NXG to automate cash, securities and commission account reconciliations.

NCR Wins Big in China

China Construction Bank (Beijing) and Bank of Communications (Beijing) selected ATM solutions from Dayton, Ohio-based NCR for dispensement, deposit and recycling capabilities at banks and retail sites.

Harris Chooses AdviceAmerica

Chicago-based Harris Bank selected AdvisorVision from Fremont, Calif.-based AdviceAmerica for the bank's investor services division to enhance customer relationships and advisement services.

Sandy Spring Gets NYCE

Olney, Md.-based Sandy Spring Bank joined the NYCE Payments Network, which has about 30,000 cards and 47 ATMs. NYCE also signed 12 new network participants from Pennsylvania and New Jersey.

PCS Wins

The Western State Bank (Garden City, Kan.), First National Bank in Lamar (Lamar, Colo.) and First State Bank (Fairfax, Okla.) selected PCS' (La Crosse, Wis.) Vision or BAIS core banking solutions.

JPMorgan Provides Custody for Nordea

Nordea Bank in Luxembourg, a division of the Nordic region's largest financial services group, consolidated global custody for $28 billion of the group's international fund and private client assets with JPMorgan Worldwide Securities Services (New York).

National City Secures With Bharosa

Cleveland-based National City selected Santa Clara, Calif.-based Bharosa's Tracker and Authenticator software products to provide real-time multifactor authentication for users of the bank's online services.

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