PSINet and CWB in Link-up to Host Financial Services - Brief Article

ISP Business, April, 2001

Global Internet carrier, PSINet, has signed a partnership deal with UK PLC subsidiary, CWB, to provide e-commerce and Web hosting services for financial institutions.

Based in London and New York, CWB is a supplier of e-commerce and other solutions to the financial services sector. Founded in 1994 by Christiane Wuillamie, it is still a relatively small company, employing just 200 people. However, it has a solid reputation in its market sector, and numbers Deutsche Bank, HSBC, Merrill Lynch, Barclays Capital, JP Morgan and Ameritrade among its clients.

For PSINet, the deal will add skills and help to boost its business in a vitally important market, especially in Europe where it controls continental operations from Geneva, Switzerland. The pace of change and dramatic shortage of skilled e-commerce and financial IT specialists have combined to make outsourcing an increasingly attractive option for financial services organizations. PSINet and CWB both hope to exploit the trend.

Certainly, CWB could scarcely have a more powerful partner. PSINet's switching facilities provide direct access to the Internet in more than 900 metropolitan areas in 28 countries on five continents.