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Canada: National Bank Financial signs IT services deal with IBM.
(From The Asian Banker Journal)
IBM Canada and National Bank Financial, a wholly-owned subsidiary of National Bank of Canada (BNC), have signed a $134 million US ($200 million Canadian), eight year agreement designed to transform the bank's brokerage services through IBM's technology and financial services expertise for greater productivity and increased business value. This deal builds on the existing contract between BNC and IBM.
This new agreement expands upon a relationship that has existed for more than a quarter of a century between National Bank Financial and IBM's brokerage services division, Securities Industry Services. This agreement calls for IBM …
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