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News >> Technology >>
Providian, Accenture sign outsourcing deal
By siliconindia
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Friday, 08 August 2003, 19:30 IST
SAN FRANCISCO: Providian Bancorp Services, a subsidiary of Providian Financial Corporation and Accenture have signed an agreement under which Accenture will provide Providian with technology application development and maintenance services.
The arrangement, which is part of Providian's strategy to enhance operational efficiency and IT flexibility, calls for the two organizations to work together to increase the service levels and performance of Providian's IT operations. The agreement builds on Providian's existing relationship with Accenture, which has previously assisted Providian in upgrading its credit card technology platform, among other initiatives. Providian plans to administer the relationship through its Enterprise Technology group.
"This outsourcing agreement with Accenture marks another important step toward streamlining our operations infrastructure. With this agreement in place, we anticipate reduced costs, more efficient operations, access to an expanded pool of talent, and more flexibility than ever in how we deploy our resources," said Jim Saber, executive vice president and chief information officer.
"Outsourcing through Accenture is the logical choice to execute Providian's strategy," said Jim Sikora, the Accenture partner leading the applications outsourcing strategy. "We aim for Providian to benefit from an experienced outsourcing operation, lower costs and leading technology, as well as the further development of a strong relationship with Accenture."