SHANGHAI — In the first 10 months of 2006, Chinese regulators uncovered 776 banking crimes, including 205 cases involving more than 1 million yuan ($125,000 U.S.). Fraud and other irregularities at Chinese banks added up to $95.9 billion in 2005, an increase of 31% from 2004, according to the China Banking Regulatory Commission. In one […]
Banking on IT in China Read More »
Four years ago, CEO John Cestar took a novel approach to increasing the skill levels at Freeborders, a small outsourcing provider that operates in China. He took a road trip around the U.S., looking for Chinese engineers working in U.S. companies who were interested in returning to China or would soon be compelled to do
Creative Recruiting Read More »
About two years ago, Kevin Miller needed a little help supporting legacy applications and developing new software for large automotive manufacturers. He decided to conduct a Cobol pilot project with Information Technology United Corp., a Beijing-based outsourcer with U.S. offices in Redwood City, Calif. “We’d seen their marketing and qualifications; we just wanted to do
Outsourcing in China Read More »
Originally published in Computerworld. Hankscraft Inc. has been making industrial motors and mechanized pumps for more than 50 years in Reedsburg, Wis. The company came to China just three years ago but already has twice as many employees here as it has at home. Jonathan Funkhouser, who is general manager of Hankscraft’s China operations and
Bridging the Chinese Skills Gap Read More »
Originally published in Computerworld. Among the various sourcing peculiarities and problems specific to China is regionalism, says Pieter Tsiknas, director of SearchBank’s Beijing office. Read full article.
Originally published in Computerworld. In the West, companies want to put on a good face for customers, even if it means having to admit mistakes. Righting wrongs is a big part of a good public image, and a good internal image as well. In the East, particularly at traditional companies, saving face is important. Saving
Saving face in China Read More »
Compared with some of the big-league outsourcing players, Russia is a rookie. The country’s current revenue from IT outsourcing is $150 million to $200 million annually, a drop in the bucket compared with India’s yearly draw of $6 billion. But, though little more than a decade old, Russia’s outsourcing industry is learning to play to
Outsourcing: Russia and Eastern Europe Read More »
There’s a treasure trove of scientific talent — and lots of government bureaucracy.
Russia and Eastern Europe Read More »
A year after Steve Kaufman and his staff at Goshen, Ind.-based health care insurer Mennonite Mutual Aid Association (MMAA) launched a massive enterprise application integration (EAI) project (see story), the results are in, and the news is mostly good. The company’s goal was to use tools from Vitria Technology Inc. in Sunnyvale, Calif., to integrate
Piecing It All Together Read More »
But competing systems work to snarl the flow of transactions.
Cost Savings and Collaboration Drive B2B E-Payments Read More »
Web services are applications that use a universal language to send data and instructions to one another, with no translation required.
As recently as a decade ago, the Russian banking sector was an antique monstrosity, a huge system of paper-based transactions inherited from the former Soviet Union. Businessmen in the fledgling capitalist economy were forced to carry suitcases of cash – typically American dollars – in order to make business deals. There wasn’t even a system
Tech revolutionizes Russia’s Central Bank Read More »
It joins a crowded marketplace.
Citigroup Opens Online Brokerage Read More »
When you go out on a limb in asking for new job benefits, it helps if you know just how far is too far
Out-of-bounds perks? Read More »
When a broadcast tower fire threw several Moscow TV stations off the air last week, many would-be TV viewers turned to the Internet. In some cases, traffic to news sites doubled from usual levels. The sites reported few performance problems as a result, though one, Gazeta.ru, had to add a second server to handle the
TV Tower Fire Sparks Net Use in Russia Read More »
