Switzerland : Software AG Acquires FSI Services And Solutions Provider.Byline: Mamta03 Teconomic currently provides IT services to 7 of the top 10 Swiss financial institutions The financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. sector is traditionally Software AG s largest market, specifically for the optimisation and integration of business processes on the basis of SOA (1) (Start Of Authority) The first record in a DNS zone file. See DNS records. (2) (Service Oriented Architecture) The modularization of business functions for greater flexibility and reusability. .Software AG has announced the acquisition of Swiss-based Teconomic AG , which provides comprehensive IT consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" and solutions to the European financial sector focusing on SWIFT Services. Teconomic currently provides services to seven of Switzerland s Switzerland (swĭt`sərlənd), Fr. Suisse, Ger. Schweiz, Ital. Svizzera, officially Swiss Confederation, federal republic (2005 est. pop. 7,489,000), 15,941 sq mi (41,287 sq km), central Europe. top ten financial institutions including UBS AG UBS AG (NYSE: UBS; SWX: UBSN; TYO: 8657 ) is a diversified global financial services company, with its main headquarters in London and New York. It is the world's largest manager of private wealth assets,, "the world's biggest manager of other people's money"[1] , Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG. and Zurich Financial Services Zurich Financial Services Group is a major financial services group based in Zurich, Switzerland. Global operations North America The US consumer market is served primarily by Farmers Insurance Group the third largest personal lines property & casualty insurance . The financial services sector is traditionally Software AG s largest market, specifically for the optimisation and integration of business processes on the basis of SOA. Through the acquisition of Teconomic, Software AG plans to strengthen its position in the global SWIFT market and expand business activities in Switzerland. Financial institutions are facing many challenges today and a flexible and adaptable IT infrastructure will make it easier to implement and comply with differing new industry regulations. Founded in 2002 by CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Rudolf Gunz, Teconomic AG is a certified SWIFTReady Services and Software Partner providing IT consulting services and solutions to the European financial sector. Its team of IT consultants has over 100 man-years experience in the banking sector. The financial services sector is also Software AG s largest vertical industry. The merger of Teconomic s industry expertise and Software AG s international presence and business process technology will enable financial institutions to address the three major challenges facing the industry: multiple national regulatory changes, continued market consolidation and improved risk management. Financial institutions are facing the contradictory challenges of providing greater transparency, compliance with new regulation, implementing an accelerated M&A process and dealing with the cost cutting financial pressures of a challenging global economy , said Rudolf Gunz, CEO of Teconomic. Our combined software and services will play a major role in helping the finance sector adapt to these economic changes quickly and economically and in implementing regulatory compliance in particular. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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