Financial Services Industry
Industry: Email Alert RSS FeedCap Gemini Helps Captives Toe the Line on IT Costs
Bank Technology News, July, 2003 by Lee Conrad
Cap gemini ernst & young is targeting the captive auto-finance market with a product designed to help it contain technology costs.
The captive auto loan industry has posed a growing threat to financial institutions over the past few years, but has also struggled after a wave of spending on computer networks and servers. That makes cutting IT costs a vital issue in a slow economy that insists on lower costs.
CGE&Y's product is dubbed Open Framework for Leasing, and it claims to help preserve an existing patchwork of computer systems specifically for manufacturers with finance divisions.
Cap Gemini officials declined to name specific clients of the product, though two major car manufacturers and one large equipment company are in discussions to use this...
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