CSC Introduces Family of Global Solutions to Latin American Financial Services Market

Tue Nov 3, 2009 8:02am EST
 
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CSC Introduces Family of Global Solutions to Latin American Financial Services
Market



LAS VEGAS, Nov. 3 /PRNewswire/ -- CSC (NYSE: CSC) strengthened its presence in
Latin America by introducing to the market a wide spectrum of software and
services for the financial services industry at the Inter-American Federation
of Insurance Companies (FIDES) conference in Las Vegas this week. To address
the needs of financial services firms throughout the region, CSC is enhancing
its software, including core administration systems, to support the currency,
language and unique country-specific regulations and business requirements.
Firms will also benefit from CSC's client-centric approach to providing
management consulting, systems integration and business process and IT
outsourcing.  

(Logo:  http://www.newscom.com/cgi-bin/prnh/20090422/CSCLOGO )

Leveraging its recent acquisition of BearingPoint Brazil, strategic in-country
alliances and more than 1,000 CSC employees based in Latin America, CSC is
offering these solutions to the general, life, health and group insurance;
reinsurance; banking; and credit companies of the region. This includes local
firms as well as multinational corporations with Latin American operations.
More than 1,200 financial services clients throughout the world currently use
CSC's portfolio of software and services to efficiently run their operations
and improve customer service.

"Latin America's financial services markets are among the fastest growing in
the world, as companies seek IT solutions to improve their market positions,"
said Eric Prothero, a senior vice president of IDC. "It's no surprise that a
global IT software and services company is building relationships and
expanding its offerings in the region."

Two-thirds of the world's top 50 insurers and one-third of the world's top 50
banks have chosen CSC solutions. CSC is in the process of building in-country
service delivery centers or forming alliances with IT services firms for
localized implementation and support in select Latin American countries. CSC
employees are currently located in Argentina, Brazil, Chile, Colombia, Costa
Rica, Guatemala, Mexico and Peru. 

"Our multi-year strategic growth plan for financial services is built on
leveraging key horizontal capabilities, such as ERP software implementation
support, systems conversions and infrastructure outsourcing, and adding
vertical industry expertise to provide a comprehensive set of solutions," said
Jim Cook, president of CSC's Business Solutions and Services Sector. "With
this proven set of globally tested solutions and an expanding footprint, CSC
brings new, enhanced options for insurance, reinsurance and banking in this
dynamic and growing market." 

About CSC
CSC is a global leader in providing technology-enabled solutions and services
through three primary lines of business. These include Business Solutions and
Services, the Managed Services Sector and the North American Public Sector.
CSC's advanced capabilities include systems design and integration,
information technology and business process outsourcing, applications software
development, Web and application hosting, mission support and management
consulting. Headquartered in Falls Church, Va., CSC has approximately 92,000
employees and reported revenue of $16.2 billion for the 12 months ended July
3, 2009. For more information, visit the company's Web site at www.csc.com.


SOURCE  CSC

Marian Kelley, Director, Media and Analyst Relations, Financial Services
Group, +1-512-275-5722, mkelley3@csc.com; or Chris Grandis, Media Relations
Director, Corporate, +1-703-641-2316, cgrandis@csc.com

 

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