DOCSLIB.ORG

Core Banking System Survey 2008

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Core Banking System Survey 2008 UNDER NON DISCLOSURE THROU www.capgemini.com Financial Services the way we see it Core Banking Systems Survey Survey results 2008 Core Core Banking Systems Survey Capgemini Nederland B.V. Papendorpseweg 100 P.O. Box 2575 – 3500 GN Utrecht Tel. +31 (0)30 689 00 00 Fax +31 (0)30 689 99 99 UNDER NON DISCLOSURE THROU Financial Services the way we see it Core Banking Systems Survey Survey results 2008 Gert Jan van Dorsten André Spruit Arthur Barendsen About the report Capgemini has conducted a comprehensive study of current trends in core banking and the functionality of the major core banking systems available in the main financial markets in the world. This survey was written and compiled during the period from September to December 2007. The report is based on desk research and on a request for information sent out to the leading core banking system vendors. The authors selected the vendors and their products after consulting with Capgemini’s international Core Banking/Banking Packages network. The survey focused specifically on core banking solutions for top-tier banks having a strong position in the important financial markets in the world and offering the solution in more than one country. The Core Banking Systems Survey 2008 is the latest in a series of banking systems surveys. The ‘Asset Management Systems Survey’ and the ‘Treasury Systems Survey’ were published in 2007. The previous ‘Retail Banking Systems Survey’ was published in 2006. About the authors The authors of the Core Banking Systems Survey are Gert Jan van Dorsten, André Spruit and Arthur Barendsen. They are leading consultants within the core banking community of the Capgemini banking practice in the Netherlands. Gert Jan van Dorsten is a principal consultant specialized in banking packages in general, with a focus on the domain of core banking back-office solutions and selecting and implementing package-based solutions for financial institutions. Gert Jan is also expert group manager in the Netherlands for core banking and manager of the global FS Industry Packages Center of Excellence. André Spruit is a managing consultant specialized in selecting and implementing package-based solutions for financial institutions. André focuses on core banking packages and before joining Capgemini at the end of 2006 worked for one of the leading vendors in this domain and in the financial services industry itself. Arthur Barendsen is a consultant with experience in embedding packages in a global banking organization. Gert Jan van Dorsten André Spruit Arthur Barendsen Principal Consultant Managing Consultant Consultant Capgemini Nederland B.V. Capgemini Nederland B.V. Capgemini Nederland B.V. Financial Services the way we see it Preface I am very proud to present the results ■ strategic and comprehensive of the 2008 Capgemini’s Core Banking services tailored to the individual- Systems Survey. The 2008 survey pro- ized need of each client; vides an in-depth and timely insight ■ global services and resources (pro- into the state of the package solution vided in the Rightshore® offers providers industry serving the core which combine on-, near and off- banking business in top-tier banks shore sourcing models), combined throughout the world. with strong regional teams with excellent local delivery capabilities. The main objective of this survey is to help you understand the various core Should you require any further infor- banking systems that are available in mation or assistance in this area, please the world. It gives you insights into contact the appropriate Capgemini rep- business trends, banks and vendors, resentative, whose details you can find package selection criteria, implementa- in the appendix, or contact our local tion methods and information concern- offices. ing and provided by the solution vend- ors. It should assist you in efficiently We welcome feedback and sugges- and fundamentally narrowing down tions for improvements to this survey. the search for the right solution pro- vider and make it easy to connect with I would like to thank all the partici- the vendors on a well-informed basis. pating vendors and all colleagues involved for their efforts and contri- Capgemini can provide financial insti- butions, especially Martijn Rom tutions with considerable benefits in Colthoff, Maurice Vuijk, Pascal Breet the area of system selection and imple- and Henk Dekker for their inputs for mentation, including: the chapter on trends. ■ a broad spectrum of services and in- depth experience of every phase of Yours sincerely, the system selection process; ■ an exceptional track record based on the successful implementation of Gert Jan van Dorsten many different types of package Principal Consultant solutions; Banking Practice, The Netherlands ■ different application maintenance Manager Global FS Industry Packages contracts on vendor solutions; Center of Excellence ■ leading-edge capabilities closely Capgemini Nederland B.V. attuned to current and future indus- try changes; Utrecht, February 2008 3 Contents 1 Background to the survey 7 2 Trends in core banking 9 2.1 Core banking replacement 9 2.2 The core banking market 10 2.3 The core banking clients 11 2.3.1 Retail/consumer banking 11 2.3.2 Wholesale/corporate banking 12 2.3.3 Others 12 2.4 The core banking domains 12 2.4.1 Payments & cash management 13 2.4.2 Savings 13 2.4.3 Loans and mortgages 14 2.4.4 Securities 15 3 Global banking overview 2006 - 2007 16 3.1 Banks worldwide 16 3.1.1 North America 16 3.1.2 Europe 16 3.1.3 Asia 16 3.1.4 Australia 16 3.1.5 South America 16 3.1.6 Africa 17 3.2 A changing landscape 17 3.3 Showcase: ABN AMRO acquisition 17 4 Vendor solutions 18 4.1 Introduction 18 4.2 History of core banking systems 18 4.3 Recent market developments 19 4.4 Recent developments in package solutions 21 4.5 Competitive landscape 22 4.6 Future of the market 22 4.7 Specialized ‘best of breed’ solutions 23 5 Package-based solutions 24 5.1 Integrated Architecture Framework 24 5.2 Stage 1: Make or buy 25 5.3 Stage 2: Selection 26 5.3.1 Methodology 26 5.3.2 Integrated or ‘best of breed’ 28 5.3.3 Selection criteria 29 5.4 Stage 3: Implementation 30 5.4.1 Methodology 30 5.5 Stage 4: Operation 33 5.5.1 Organization 33 5.5.2 Location 34 6 Capgemini in core banking 35 Appendix 1: Detailed systems overview 39 Appendix 2: Capgemini contacts 67 Reference List: The Banker - ‘Retail Banking Performance’ BCG - ‘Renewing core banking IT systems’, 2006 BCG - ‘Striving for organic growth in Retail Banking’ Capgemini/EFMA/ING - ‘World Retail Banking Report 2007’ Capgemini/EFMA/ING - ‘World Retail Banking Report 2008’ Capgemini/EFMA/ABN AMRO - ‘World Payments Report 2008’ Capgemini - ‘SOA and Retail Banking Industrialization: An amazing fit’ Datamonitor - ‘European Core Systems Strategies, 2007’ Forrester - ‘Banking Platform Renewal’, 2005 Forrester - ‘Banking Platform Wins 2005’: Vendors Forrester - ‘Banking Platform Wins 2006’: Vendors Forrester - ‘The wave of core banking suites 2007’ Gartner - Dataquest Insight - ‘Banking Industry Primer, 2006’ Gartner - ‘Magic Quadrant 2006 Retail Core Banking’ Gartner - ‘Hype Cycle for Emerging Back Office Technologies and Applications (Banking and Investments) 2007’ IBS - ‘Sales League Table 2006’ IBS - ‘Sales League Table 2007’ IBS - ‘Core Banking Systems - 30 case studies’ SAP/EFMA - ‘Retail Banking Study 2006’ 5 6 Financial Services the way we see it 1 Background to the survey The 2008 Core Banking Systems Survey is based on desk research and a survey sent out to a group of sixteen vendors of core banking solutions. We feel it provides the reader with professionals from all over the world valuable insights into the trends and have provided valuable input for the solutions in the domain of core survey. Essential information was banking. gathered from current and previous assignments conducted by Capgemini This survey is the third edition and for core banking clients with package follows on from the 2003 and 2006 selections or implementations. Retail Banking Systems Surveys. It is the latest report in a series of Based on requested information, the Capgemini publications in the area of survey presents a practical overview of package-based solutions in the bank- the solutions currently available and ing domain. The other areas covered the capabilities of each system. The are asset management, private bank- main objective is to help users to ing, payments, treasury management understand the various products that and risk management. exist in the market and to narrow down the search and make it easy to The list of vendors requested for par- connect with the vendors on a well- ticipation was compiled after con- informed basis. This is very important sulting the banking packages and in the initial phase(s) of the package core banking network of Capgemini selection process. It should always be and various publications. It includes kept in mind that package selection is all the important vendors for the main a challenging, complex process and markets in the world which operate that it also marks the start of a rela- globally or at least regionally in one tionship with one or more external continent (see figure 1). Capgemini suppliers. Figure 1: Origination of systems Europe-South 5% 15% Europe-West 10% Europe-Central Europe-North 15% Asia 25% America Australia 20% 10% Background to the survey 7 Figure 2: Participating vendors and solutions Vendor Package Accenture Alnova Financial Solutions Callataÿ & Wouters S.A. Thaler Delta Informatique Delta-Bank Fidelity National Information Services (FIS) Corebank Profile Systematics Fiserv, Inc. ICBS i-flex solutions Flexcube Infosys Technologies Ltd Finacle Misys Equation Midas Nucleus Software FinnOne Polaris Software Lab Ltd Intellect Suite SAP AG SAP Transactional Banking Sungard System Access Symbols TCS Financial Solutions TCS BaNCS Temenos T24 TEMENOS™ CoreBanking (TCB) TietoEnator Corporation Core Banking Suite T-Systems Enterprise Services GmbH MBS banking suite; GEOS The following core banking solution Finally, it should be noted that answers providers participated in the survey to survey questions are quite depend- (in alphabetical order): see figure 2.
Load more

Recommended publications
  • Schedule 14A
    DEFA14A 1 a06-22752_2defa14a.htm DEFINITIVE PROXY STATEMENT RELATING TO MERGER OR ACQUISITION UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ⌧ Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials ⌧ Soliciting Material Pursuant to §240.14a-12 KANBAY INTERNATIONAL, INC. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): ⌧ No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
    [Show full text]
  • WCD-127.Pdf 8.56MB 2016-07-11 11:38:51
    PLAINTIFF'S EXHIBIT AMERICAN I CER-544 eramlC• SOCIETY • ulletin October 1969 FEATURES I . Ceramic-Metal Systems Division--Composites, Enamels -~ t Carbon and Graphite on Program 917 t Timely Topics (Ceramic Educational Council) 918 Canadian Ceramic Society Host to International Com­ mission on Glass 921 • Nominations for Officers, 1970-71 ROSTERS Membership Roster Roster Addenda National Institute of Ceramic Engineers Roster Offices GSHorth Advertisers Index 24a Meetings Calendar .. ~. f Classified Ads 21a 103S j ., Members on the Move · .. ~ .. ,,,,";" AMERICAN CERAMIC SOCIETY BULLETIN Septel1l; Consulting Services 18a Necrology .......... 92S '. " .:..IMr 7, "", Vol. 48, No. ,. Publi,hed monthly by the I~ , I; . ':Ameri~o~ Coromic So~iety, ~5 N. HiS-h St., Colum· Equipment and Materials. 1034 • -:." bus, OhIO, 43214. 'nnted ,n the United St.te, cf New Products .......... 61 · ." A......ice. Subscription $12.50 a yeor. Forei..n posto..e In Print for Ceramists ... 12a : : .> '$LlIO adelitionel. Si'"1'o ccpie. $2.00 plu, pcttaQe• • :. ~lId-clo.. polta..o paid at Columbu., Ohio. Allow ; Personal Notes 211 J.0f': '<~II Journal Authors 922 • • weeks for addre•• chan..... < Cerami~ :;- ,; ::0 Copyright "" by The Amorican Society Library Shelf .. 20a Schools !':;),1';' .· CERAMICB~j ., Nominations for Officers, 1970-1971 American Ceramic Society Materials & Equipment Division President-Elect: WILLIAM J. SMOTHERS Chairman-Elect: CARL W. GARTNER • Bethlehem Steel Corp., Homer Resean:h Labs. General Color & Chemical Co., Minerva, Ohio Bethlehem, Pa. Vice Chairman: RICHARD C. HANNON Vice Presidents: Salem, Ohio (R. T. Vanderbilt Co., Inc.) EUGENE E. BRYANT, Ferro Corp., Cleveland Secretary: CARL E. HAGBERG, Trenton, N. J. RICHARD M. FULRATH, University of California, Berkeley (Kentucky-Tennessee Clay Co.
    [Show full text]
  • CONTENTS BOARD of DIRECTORS Serge KAMPF CHAIRMAN
    CONTENTS BOARD OF DIRECTORS Serge KAMPF CHAIRMAN Daniel BERNARD Yann DELABRIÈRE 02 Financial highlights Jean-René FOURTOU 03 The Capgemini Group Paul HERMELIN CHIEF EXECUTIVE OFFICER 37 Management report Michel JALABERT presented by the Board of Directors to Phil LASKAWY the Shareholders’ Meeting of April 26, 2007 (April 10, 2007 on first call) Thierry de MONTBRIAL 50 Report of the Chairman Ruud van OMMEREN of the Board of Directors Terry OZAN 61 Group Consolidated Financial Statements Bruno ROGER 116 Cap Gemini S.A. Summarized Financial Statements NON-VOTING DIRECTORS “CENSEURS” 123 Text of the draft resolutions presented by the Board of Directors to Pierre HESSLER the Shareholders’ Meeting of April 26, 2007 Marcel ROULET (April 10, 2007 on first call) Geoff UNWIN 126 Specific information STATUTORY AUDITORS 143 Cross-reference table PRICEWATERHOUSECOOPERS AUDIT repesented by Bernard RASCLE KPMG S.A. represented by Frédéric QUÉLIN The English language version of this report is a free translation from the original, which was prepared in French. All possible care has been taken to ensure that the translation is an accurate presentation of the original. However, in all matters of interpretation, views or opinions expressed in the original language version of the document in French take precedence over the translation. ANNUAL REPORT 2006 Capgemini 1 FINANCIAL HIGHLIGHTS CONSOLIDATED FINANCIAL STATEMENTS in millions of euros 2004 (1) 2005 2006 REVENUES 6,235 6,954 7,700 OPERATING EXPENSES 6,259 6,729 7,253 OPERATING MARGIN Amount (24) 225 447
    [Show full text]
  • List of Section 13F Securities, Fourth Quarter, 2004
    List of Section 13F Securities 4th Quarter FY 2004 Copyright (c) 2005 American Bankers Association. CUSIP Numbers and descriptions are used with permission by Standard & Poors CUSIP Service Bureau, a division of The McGraw-Hill Companies, Inc. All rights reserved. No redistribution without permission from Standard & Poors CUSIP Service Bureau. Standard & Poors CUSIP Service Bureau does not guarantee the accuracy or completeness of the CUSIP Numbers and standard descriptions included herein and neither the American Bankers Association nor Standard & Poor's CUSIP Service Bureau shall be responsible for any errors, omissions or damages arising out of the use of such information. U.S. Securities and Exchange Commission OFFICIAL LIST OF SECTION 13(f) SECURITIES USER INFORMATION SHEET General This list of “Section 13(f) securities” as defined by Rule 13f-1(c) [17 CFR 240.13f-1(c)] is made available to the public pursuant to Section13 (f) (3) of the Securities Exchange Act of 1934 [15 USC 78m(f) (3)]. It is made available for use in the preparation of reports filed with the Securities and Exhange Commission pursuant to Rule 13f-1 [17 CFR 240.13f-1] under Section 13(f) of the Securities Exchange Act of 1934. An updated list is published on a quarterly basis. This list is current as of December 15, 2004, and may be relied on by institutional investment managers filing Form 13F reports for the calendar quarter ending December 31, 2004. Institutional investment managers should report holdings--number of shares and fair market value--as of the last day of the calendar quarter as required by [ Section 13(f)(1) and Rule 13f-1] thereunder.
    [Show full text]
  • Major Software Companies S.No
    Major software companies S.No. Name Address Telephone Website 1 AccelTree Software Pvt Ltd 305, "Pride Kumar +91-20-6603-3122 / www.acceltree.com Senate", 2565-2550 Senapati Bapat Road, Shivaji Nagar, PUNE 411016 2 Accenture Services Pvt Ltd Level 6 & 7, Cybercity +91 20 66253000 www.accenture.com/ Tower 5 Magarpatta city Hadapsar-Mundhwa Road Pune 411 028 3 Advent Software Ltd AFL House, +91-20-26051986 www.adventsoftware.net 347 A, Off Dhole Patil Road, Pune - 411001 4 Amdocs Development Centre Cyber City Tower 2, +91 (0)202 6703000 www.amdocs.com/ India Pvt Ltd 6th Floor Magarpatta City Hadapsar, Pune, 411 028 5 Avaya GlobalConnect Ltd 1st FLOOR, 113-116, 91-20-66075333 www.avayaglobalconnect.com PRIDE SILICON PLAZA, 106A/2A/7, SHIVAJINAGAR, 5 Avaya GlobalConnect Ltd 91-20-66075333 www.avayaglobalconnect.com SENAPATI BAPAT ROAD, PUNE - 411016 6 Bentley Systems India Pvt 403, Godrej Eternia-C, +91 20 6602 1000 www.bentley.com/sa-IN/ Ltd Wakdewadi, Shivajinagar, Pune 411 005 7 BMC Software India Pvt Ltd Tower A, ICC Tech www.bmc.com Park Senapati Bapat Road Pune - 411 016 8 Brainvisa Technologies Pvt Windsor Commerce +91-20-27205000, +91- www.brainvisa.com Ltd 20-27205001, +91-20- 30212400 Survey No. 2/8/1, Opp. Baner Telephone Exchange, Baner Road, Baner, Pune 411 045, 9 CalSoft Private Limited Astrix Plaza +91 (20) 3985 2900 , www.calsoftinc.com +91 (20) 2729 2448 Survey No 270/1/23 Baner Road Pune 411045 10 CashTech Solutions India Pvt 201, Pride Parmar +91-20- 6605 2000 www.cash-tech.com Ltd Galaxy Connaught Road Pune - 411 001 11 Centre for Development of Pune University +91-20-2570-4100 www.cdac.in Advanced Computing (C - Campus DAC) Ganesh Khind Pune - 411 007 12 CG-CoreEL Logic Systems Surya Bhavan, 1181 5533982/5538362 Ltd Gergusson College Road, Pune 411 005 13 Cirruslogic Software (India) 106-A, Muttha 5671092 Pvt.
    [Show full text]
  • Page 1 of 9 KANBAY INTERNATIONAL REPORTS
    KANBAY INTERNATIONAL REPORTS SECOND QUARTER 2006 FINANCIAL RESULTS -Consolidated revenue of $105.8 million and EPS of $0.18 -Third party revenue, excluding Adjoined Consulting, grows 21% sequentially -Integration of Adjoined Consulting ahead of schedule -Company raises full year revenue and EPS guidance ROSEMONT, Ill – August 1, 2006— Kanbay International, Inc. (NASDAQ:KBAY), a global management consulting, technology integration and development, and outsourcing firm, today reported financial results for its second quarter ended June 30, 2006. Second Quarter 2006 Highlights: • Consolidated revenue of $105.8 million • Kanbay, excluding Adjoined, generated revenue of $72.8 million, 14 percent sequential and 28% year-over-year revenue growth, respectively • Third party revenue, excluding Adjoined, was $34.6 million, a 21 percent sequential increase • Diluted EPS of $0.18 is net of $0.03 for employee stock compensation expense • Integration of Adjoined Consulting running ahead of schedule • A total of 35 new clients were added in the quarter “We are exceptionally pleased with Kanbay’s financial results for the second quarter”, commented Raymond Spencer, Chairman and CEO of Kanbay. He continued: “We achieved this quarter’s results based on strong execution and favorable market conditions within both pre-merger Kanbay and Adjoined Consulting’s business models. We also made substantial progress integrating the organizations in a timely fashion. “We have said repeatedly we would not take our eye off the ball and we believe these second quarter results are proof of our ability to execute our business plans while completing the bulk of integration tasks ahead of our original schedule,” Spencer said. Page 1 of 9 Kanbay’s third party revenue growth accelerated in the quarter due to strong demand within the financial services industry, notably the need to support and upgrade legacy systems and mission critical applications.
    [Show full text]
  • Merrill Lynch Security Risk Evaluation 1-07
    Security Risk Evaluation ALPHA January 2007 Price As of December 2006 Month End COPYRIGHT 1998 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED (MLPF&S). APPROVED FOR PUBLICATION IN THE UNITED KINGDOM BY MERRILL LYNCH, PIERCE, FENNER & SMITH LIMITED, AN AFFILIATED COMPANY AND REGULATED BY THE SECURITIES AND FUTURES AUTHORITY LIMITED. THE INFORMATION HEREIN WAS OBTAINED FROM VARIOUS SOURCES; WE DO NOT GUARANTEE ITS ACCURACY. ADDITIONAL INFORMATION AVAILABLE. GLOBAL SECURITIES RESEARCH & ECONOMICS RESEARCH TECHNOLOGY ALPHA (1) 800 255-9107 CONTINENTAL UNITED STATES January 2007 (1) 212 449-1072 WORLD WIDE PRICE AS OF December 2006 MONTH END Merrill Lynch, Pierce, Fenner & Smith, Inc. Market Sensitivity Statistics 2006/ 12 Resid Number Ticker Close Std --Std Error-- Adjusted Of Symbol Security Name Price Beta Alpha R-Sqr Dev-n Beta Alpha Beta Observ DOWI DOW JONES & CO 30 INDUSTRIALS 12463.150 0.96 0.03 0.91 1.09 0.04 0.14 0.98 60 DJ 20 DOW JONES & CO 20 TRANS ACTUAL 4560.200 0.94 0.65 0.42 3.86 0.14 0.50 0.96 60 DJ 15 DOW JONES & CO 15 UTIL ACTUAL 456.770 0.57 0.60 0.19 4.12 0.15 0.54 0.72 60 DJ 65 DOW JONES & CO 65 STOCK COMPOSITE 4120.960 0.89 0.28 0.86 1.29 0.05 0.17 0.93 60 SPALNS S&P 500 500 STOCKS 1418.300 1.00 0.00 1.00 0.00 0.00 0.00 1.00 60 Based on S&P 500 Index Using Straight Regression Merrill Lynch, Pierce, Fenner & Smith, Inc.
    [Show full text]
  • Kent1195648204.Pdf (8.4
    HIGH TECHNOLOGY AND INTRA-URBAN TRANSFORMATIONS: A CASE STUDY OF BENGALURU, INDIA A dissertation submitted to Kent State University in partial fulfillment of the requirements for the Degree of Doctor of Philosophy by Rajrani Kalra December, 2007 Dissertation Written by Rajrani Kalra B.A., University of Delhi, 1993 M.A., University of Delhi, 1995 B.Ed., University of Delhi, 1998 M.Phil. University of Delhi, 1999 M.A., The University of Akron, 2003 Ph. D., Kent State University, 2007 Approved by ________________________________Chair, Doctoral Dissertation Committee Prof David H Kaplan _____________________________ Members, Doctoral Dissertation Committee Prof Emeritus S.M.Bhardwaj _________________________________ Dr Shawn Banasick _________________________________ Prof David McKee Accepted by __________________________________, Chair, Department of Geography Prof Jay Lee __________________________________, Dean, College of Arts and Sciences Dean Jerry Feezel ii TABLE OF CONTENTS LIST OF FIGURES vi LIST OF TABLES x ACKNOWLEDGEMENT xii DEDICATION xvi CHAPTER 1: INTRODUCTION 1 INTRODUCTION 1 BENGALURU: The STUDY AREA 5 WHY BENGALURU IS MY STUDY AREA? 10 BACKROUND OF THE STUDY 10 RESEARCH QUESTIONS 13 RESEARCH DESIGN AND METHODOLOGY 14 OUTLINE OF DISSERTATION 22 CHAPTER 2: HIGH-TECHNOLOGY IN INDIAN CONTEXT 24 INTRODUCTION 24 WHAT IS HIGH- TECHNOLOGY? 26 THEORETICAL FRAMEWORK OF HIGH-TECHNOLOGY. 28 HIGH-TECHNOLOGY AND REGIONAL DEVELOPMENT 34 HIGH –TECHNOLOGY AND DEVELOPING COUNTRIES 36 HIGH –TECHNOLOGY AND REGIONAL DISPARITIES IN INDIA39 iii
    [Show full text]
  • 02 Chapter3(PDF/850KB)
    India-based globalization in the IT services industry Chapter 3 India-based Globalization of the IT Services Industry 1. Growth Source of Indian IT Services Firms By differentiating their business systems from Japanese, US and European companies – leaders in the IT services industry – Indian IT services firms have managed to secure prized customers from a number of global locations and achieve organic growth. Additionally, these companies have now built-up the know-how to rival the leading firms of the industry by placing high value-added services and diversification at the center of their strategies. (1) Competitive Advantage Generated by Business Systems Basic conditions The development of the Indian IT services industry can be attributed to supporting the circumstances such as the mathematical education that Indians receive, development of low wages, the sudden increase in the demand for programmers in the Indian IT services industry connection with the Y2K bug, an improvement in the environment for transferring data between outlying regions due to developments in information and telecommunication technology and the presence of non-resident Indians returning to the sub-continent after being discharged by their US companies after the collapse of the IT bubble. As these basic conditions have many common characteristics with other developing nations, the source of the competitiveness of the Indian IT services industry actually lies elsewhere and most importantly with the three business systems shown below (Fig. 3-1). The source of the The first factor is the accumulation of knowledge that each engineer competitive edge has acquired, such as technology and know-how. The second factor is of Indian IT the organizational capability of SEs and programmers of IT services services firms divisions to undertake development projects and the ability of BPO division agents to carry out everyday operational processes on an organizational level.
    [Show full text]
  • In a Dynamic Environment the Annual General Meeting Will Be Held on Tuesday, June 30, 2009, at Birla Matushri Sabhagar, Sir V
    Annual Report 2008 - 09 agility in a Dynamic Environment The Annual General Meeting will be held on Tuesday, June 30, 2009, at Birla Matushri Sabhagar, Sir V. T. Marg, Mumbai 400020, at 3.30 p.m. As a measure of economy, copies of the Annual Report will not be distributed at the Annual General Meeting. Members are requested to bring their copies to the meeting. Contents Board of Directors 2 Our Leadership Team 4 Letter from the CEO 6 Create Value 8 Nurture Talent 13 Discover new Frontiers 14 Care for the Community 15 Management Team 18 Directors’ Report 20 Management Discussion and Analysis 48 Corporate Governance Report 86 Auditors’ Report 100 Balance Sheet 104 Profit and Loss Account 105 Cash Flow Statement 106 Schedules forming part of the Balance Sheet 107 Schedules forming part of the Profit and Loss Account 131 Notes on Balance Sheet and Profit and Loss Account 133 Balance Sheet Abstract and Company’s General Business Profile 154 Auditors’ Report 155 Consolidated Balance Sheet 156 Consolidated Profit and Loss Account 157 Consolidated Cash Flow Statement 158 Schedules forming part of the Consolidated Balance Sheet 159 Schedules forming part of the Consolidated Profit and Loss Account 166 Notes to the Consolidated Financial Statements 168 Statement under Section 212 of the Companies Act, 1956 relating to subsidiary companies 188 Board of Directors (Standing - Left to Right) Prof. Clayton M Naresh Chandra S Mahalingam Aman Mehta N Chandrasekaran Christensen Independent Chief Financial Officer Independent Chief Operating Officer Independent Director and Executive Director Director and Executive Director Director 02| TCS Annual Report 2008-09 Laura M Cha Dr.
    [Show full text]
  • HSBC FINANCE CORPORATION (Exact Name of Registrant As Specified in Its Charter) Delaware 86-1052062 (State of Incorporation) (I.R.S
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ≤ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2008 OR n TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-8198 HSBC FINANCE CORPORATION (Exact name of registrant as specified in its charter) Delaware 86-1052062 (State of incorporation) (I.R.S. Employer Identification No.) 26525 North Riverwoods Boulevard, Mettawa, Illinois 60045 (Address of principal executive offices) (Zip Code) (224) 544-2000 Registrant’s telephone number, including area code Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Name of Each Exchange on Which Registered Floating Rate Notes due October 21, 2009 New York Stock Exchange Floating Rate Notes due October 21, 2009 New York Stock Exchange Floating Rate Notes due March 12, 2010 New York Stock Exchange 4.625% Notes due September 15, 2010 New York Stock Exchange 5.25% Notes due January 14, 2011 New York Stock Exchange 3 6 ⁄4% Notes due May 15, 2011 New York Stock Exchange 5.7% Notes due June 1, 2011 New York Stock Exchange Floating Rate Notes due April 24, 2012 New York Stock Exchange 5.9% Notes due June 19, 2012 New York Stock Exchange Floating Rate Notes due July 19, 2012 New York Stock Exchange Floating Rate Notes due September 14, 2012 New York Stock Exchange Floating Rate Notes due January 15, 2014 New York Stock
    [Show full text]
  • Asliceylanonerthesisapp
    APPENDIX A LIST OF NAICS CODES and APS TNCs INCLUDED IN THE RESEARCH 351 Table A1. List of NAICS Codes and APS TNCs NAICS Description Company Names LOGISTICS Transportation and 48-49 Warehousing 482111 Line-Haul Railroads Siemens AG Vivendi Cia Vale do Rio Doce (VALE) Hoyer GmbH Internationale Fachspedition Deep Sea Freight 483111 Transportation DSV A/S FedEx Corp. Marubeni America Corporation Sumitmo Corporation of America DHL (Danzas Group) Kawasaki Kisen Kaisha Ltd. Stolt-Nielsen Transportation Group Inc. Hanjin Shipping Company Ltd. Maersk Line UK Limited Hyundai America Shipping Agency(N.C.), Inc. Coastal and Great Lakes 483113 Freight Transportation Bollore Investissement CMA CGM Groupe APL Company Private Ltd. Hapag-Lloyd AG Yangming Marine Transport Corp Teekay Corporation Seecor Marine LLC Cia Sudamericana de Vapores S.A. General Freight 484110 Trucking, Local Kuehne and Nagel International AG SCHENKER AG Varenso Oy General Freight Trucking, Long-Distance, 484121 Truckload United Parcel Service Inc. (UPS) Suntory Ltd. Nippon Express Company Ltd. Group4 Securicor PLC Brink's Hellmann Worldwide Logistics GmbH and Company KG ABX Logistics 352 Seagate Panalpina Welttransport Deutschland GmbH Ryder Integrated Logistics Cargolux Airlines International S.A. United Arab Shipping Company USF Logistics Services Inc. Mammoet Holding B.V. Dimerco Express Corp. GeoLogistics GmbH EGL Eagle Global Logistics L.P. Menlo Worldwide Logistics Pipeline Transportation 486110 of Crude Oil Koch Industries Inc. Pipeline Transportation 486210 of Natural Gas Mirant Corp. 488320 Marine Cargo Handling Cargill Inc. Mitsui OSK Lines Ltd. Yamato Holdings Company Ltd. Serco Group PLC Pacific International Lines (Private) Ltd. Freight Transportation 488510 Arrangement Mediterranean Shipping Company S.A.
    [Show full text]