A potential trade spat between the US and Indian governments could threaten the bright future of offshore outsourcing, says Kala Rao.
Latest articles from Digital journeys
SWIFT cannot afford to be slow
March 3, 2004Banks’ transition to SWIFTNet may lead to SWIFT’s role being called into question as it could become just another software vendor competing with others. It will have to change its culture quickly if it wants to survive, says Chris Skinner.
The cost of compliance
March 3, 2004TowerGroup estimates that total IT spending on compliance reporting in the global financial services industry will reach nearly $1bn in 2004 and should rise to $1.7bn in 2006.
Algorithmics talks up Linux
March 3, 2004Linux is especially suited to processing intensive risk management, according to Algorithmics, the enterprise risk management solutions provider. Algorithmics now offers a distributed computing version of its flagship Algo Suite product, which uses its Mark-to-Future framework to leverage the computing power provided by a heterogeneous grid of machines running both the Linux and Solaris operating systems.
Barclays brings in new radar
March 3, 2004As pressure for regulatory compliance continues, Barclays Capital, the investment banking division of Barclays Bank, has selected the raft radar solution, from Raft International, a credit risk and operational risk management provider, to assist in managing operational risk and complying with Basel II and Sarbanes-Oxley regulatory requirements.
Brain dead
March 3, 2004Technology spend by financial institutions continues to rise despite an apparently poor track record of producing value for money. Parveen Bansal explains why success can only occur when technology, processes and people share the same goals and objectives.
How David faced down Goliath
March 3, 2004
Jim Kharouf explains how The Clearing Corporation lived on despite being dumped by the mighty Chicago Board of Trade.
Dennis Dutterer is seen as the gutsy player who stood up against the bullying tactics of the Chicago Board of Trade (CBOT) and helped forge a new era of US futures competition in which Eurex US began trading last month. “I don’t mind that,” chuckles Mr Dutterer, president and CEO of The Clearing Corporation (CCorp) – formerly the Board of Trade Clearing Corporation (BOTCC).
The inevitability of outsourcing
March 3, 2004Politicians may berrate firms outsourcing to lower cost countries, but in the end there’s little they can do about it, says Brian Caplan.