Stories about: Celent Communications

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Banks slow to deposit Linux in data centers 06 February, 2006 08:17

KeyBank is an example that Linux proponents wish there were more of. The Cleveland-based bank is in the midst of a multiyear upgrade to Linux and expects the open-source operating system to be running on almost 15 percent of its servers, many with mission-critical applications, by 2008.
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SunGard agrees to US$11.3 billion buyout 29 March, 2005 07:45

SunGard Data Services on Monday announced that its board of directors has approved a US$11.3 billion buyout offer from seven investment firms.
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Survey: Electronic payments on the rise 16 August, 2004 08:56

While many companies have the technology in place to handle electronic payments, the majority of business deals still depend on paper checks. But that may be changing as enterprises look to overhaul inefficient financial processes, industry watchers say.
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Sources: JP Morgan close to outsourcing deal with IBM 14 November, 2002 08:10

J.P. Morgan Chase & Co. is negotiating exclusively with IBM Corp. on a seven-year outsourcing agreement worth more than US$5 billion, according to sources close to the deal.
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Study: IT spending at banks to increase in 2002 15 January, 2002 10:53

Despite the economic downturn and industry consolidation, competition is forcing banks to increase IT spending this year by an average of 4 percent, according to a report released today. Overall IT spending within the U.S. banking industry this year is forecast to total US$32 billion.
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E-signatures slow to gain ground 01 November, 2001 15:02

Corporations looking to implement electronic-signature networks face formidable challenges related to technology and process standards, consumer protection requirements and conflicting state and federal regulations, say users and industry representatives.
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Wall Street releases draft XML standard 02 April, 2001 15:55

The RIXML.org Ltd. standards committee, a consortium of brokerage firms that's committed to creating a standard computer language for presenting investment and financial research, last week released a draft version of Research Information Exchange Markup Language (RIXML) 1.0 for public comment.
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ABN Amro hosting trial scores 25 percent savings 20 March, 2001 11:17

ABN Amro Bank, the world's 16th-largest bank, announced last week that an experiment with outsourcing Web hosting has paid off with savings of 25 percent.
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The Speed of Money 11 August, 2000 12:01

The road from paper to virtual money has been blocked at every turn by cultural and technological barriers. But a new spirit of both cooperation and competition between fast young start-ups and traditional financial institutions is beginning to push some of these barriers aside.
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Banks Market to Small Businesses 14 July, 2000 12:01

Small businesses have traditionally been given the cold shoulder by large banks. But thanks to new offerings from electronic banking vendors, things are beginning to change, according to a new report issued by Cambridge, Mass.-based Celent Communications.