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Aegon Cofunds to oust IFDS and its tech

Aegon nurtures tech (just not that of IFDS)

Pension, insurance and investment management firm Aegon has embarked on a large technology project with a number of specialist tech providers – to move the acquired Cofunds business from the International Financial Data Services (IFDS) platform.

Old Mutual Wealth drops IFDS from £450m tech revamp contract

Old Mutual Wealth 1

UK investment service Old Mutual Wealth (OMW) has terminated its £450 million tech revamp contract with International Financial Data Services (IFDS) due to rising costs. OMW says the costs of implementation – which entails platform delivery and outsourcing services – would have been “materially greater than those advised to the market” in October 2016 (see […]

FNZ to build new BPO centre for Kleinwort Benson, SG Hambros and Société Générale’s private banking business

ScGen

FNZ, an investment management software specialist, is working on a major technology revamp at the UK-based private bank and wealth manager Kleinwort Benson, Banking Technology understands.

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