HSBC
HSBC has already invested over £5m in IT supporting its wealth management products

HSBC extends point-of-sale deal

Wealth management division makes further investment in IT

Written by Angelica Mari

HSBC has extended its contract with financial software specialist Focus Solutions for the development of a large-scale, multi-channel point-of-sale system to support the bank's wealth management strategy.

The extension, worth £767,000, will see the provision of consultancy services and development to provide offline working as part of the second phase of the project.

This follows a £4.9m deal announced with the same vendor in September, which has involved work on the first development phase of the system covering HSBC's distribution channels for life, pensions and investment products.

  • Have your say
  • Send to a friend
  • Print this
  • Share

reader comments

related articles

HSBCHardware

HSBC banking platform pays for itself

"One HSBC" project allows quicker market entry, cuts costs, and provides single customer view 29 Oct 2008

 

HSBC to use smart building technology

System will monitor individual appliances that can be adjusted remotely 27 Oct 2008

HSBC increases IT productivity

An application portfolio management system has enabled the bank to keep development costs down while freeing up programmers to work on forward-looking projects 23 Oct 2008

Technology transformation reaps rewards at M&S

E-commerce and supply chain high up on the IT agenda in latest financial results 19 May 2009

Taxman loses his share of the divvy, court rules

Tribunal ruling could have wide-ranging implications for HMRC as First Nationwide wins appeal in £51m corporation tax wrangle 11 Feb 2010

3GPP publishes world's first femtocell standard

Collaboration with Femto Forum and Broadband Forum bears fruit 08 Apr 2009

related whitepapers

today's top stories

Face facts: social media is the future

No organisation can afford to ignore the way business communications are changing 18 Mar 2010

Is the data watchdog about to pounce?

Experts believe the Information Commissioner’s Office is itching to use its new power to impose hefty fines for data breaches. Martin Courtney reports 18 Mar 2010

Lloyd’s of London gears up for regulation

CIO Peter Hambling tells Angelica Mari about how the insurance market has updated its IT infrastructure to comply with new regulations 18 Mar 2010

Protests greet new Digital Economy Bill amendment

ISPs, digital rights groups and Liberal Democrat supporters cry foul 05 Mar 2010

IT Leaders' Forum in association with IBM

A unique opportunity to hear from expert speakers and engage in a debate about the future of the CIO job function 29 Jan 2010

Advertisement

Keys to successful Service‐Oriented Architecture implementation

This white paper explores best practices and general design patterns for service oriented architecture (SOA).

The Roadmap to IT Maturity — Matching Strategy to Infrastructure for Business Success

This paper defines a roadmap for matching infrastructure strategy to business success.

Advertisement

Keep up to date with the latest products, services and technologies from the world's leading IT companies; ITHound.com brings you over 6,000 white papers, case studies and analyst reports.

Advertisement

Newsletter signup

Sign up for our range of FREE newsletters:

More available - click 'submit' to view

Existing User

Newsletter user login:

Jobs

Related jobs

Job of the week

Job alerts

Sign up here

Find your next job

IT Salary Checker

Check salary here

Advertisement

Latest poll

NHS centralised data

NHS centralised data

Do you think the NHS can be trusted to safely look after personal data electronically?

View poll results

Latest audio and video articles

Video

HP unveils S Series notebooks

'Prosumer' line overhauled 01 Mar 2010

Web Seminar Listings

Preparing for enterprise-scale Windows 7 migration

The web seminar on 18 Feb will discuss how Windows 7 migration can increase IT efficiency in large enterprises, freeing up budgetary and personnel resources to focus on business innovation. Our panel of experts will examine the strategies, tools and services IT leaders can use to migrate successfully and reap the rewards of increased efficiency. 19 Feb 2010

Latest in-depth articles

Smiths Group CIO Brian JonesAnalysis

Q&A: Brian Jones, CIO, Smiths Group

How should conglomerates be looking at the new IT technologies coming through? Brian Jones explains. 19 Mar 2010

Analysis

What security strategy should enterprises adopt after the recession?

Act now to put your your firm on higher growth path advise CISOs 19 Mar 2010

Primary Navigation