Tag Archives: hsbc

IBM Completes Acquisition of Algorithmics

By Technology, , , , , , , , , , , , , , , , , , , ,

ARMONK, N.Y. – 21 Oct 2011: IBM today announced the closing of its acquisition of Algorithmics. The acquisition expands IBM’s business analytics capabilities in the area of financial risk. Algorithmics provides software and services for improved business insights at banks and investment and insurance organizations to assess risk and address regulatory challenges. The purchase price is $380.2 million

Algorithmics’ capabilities, combined with IBM’s recent acquisition of OpenPages, gives clients a full array of financial and operational risk technology offerings and services to help with these challenges. The ability to gain granular insight into financial risks in advance provides businesses with critical information vital to their operations. (more…)

Read More

Online Banking Approaches 3 Million Visitors in Mexico

By Technology, , , , , , , , , ,

*Grupo BBVA and Citigroup Rank as Most-Visited Online Banking Destinations*

Mexico City, Mexico, August 2, 2011 – comScore, Inc., a leader in measuring the digital world, today released the latest results from a study on the online banking market in Mexico. The study found that nearly 3 million online users in the country visited banking websites during June 2011, reaching nearly 15 percent of the entire online population age 15 and older. Grupo BBVA (which includes Bancomer.com.mx) led as the most-visited online banking property with 810,000 visitors, followed closely by Citigroup with 776,000 visitors. The study also found that although Mexico’s online audience skews largely younger, online bankers are predominately older in age with visitors age 55 and older being the most overrepresented banking audience segment. (more…)

Read More