Compared with some of the big-league outsourcing players, Russia is a rookie. The country's current revenue from IT outsourcing is US$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 its strengths and is growing by 50 % annually, analysts say.
Stories by MARIA TROMBLY
Nasdaq halted trading of CyberCash stock on Friday
Analyst predicts even more consolidation
New guidelines stem from growth of affiliate marketing programmes on e-com sites
Analysts aren't sure what DOJ hopes to accomplish
When a broadcast tower fire threw several Moscow TV stations off the air this week, many would-be TV viewers turned to the Internet. In some cases, traffic to news sites doubled from usual levels.
Company will step up efforts to communicate email policies
Truck drivers an ideal demographic for online banking
80% of the top 100 US banks offer online banking
While online brokerages began offering customers wireless access as long as three years ago, banks have been slow to enable customers to use mobile phones and personal digital assistants for services.
Some of the world's top financial institutions have formed a consortium to promote a new, XML-based standard for exchanging financial data over the Internet.
In a bid to extend its foray into online banking, ETrade Group Inc. announced that it will buy the nation's largest independent network of centrally managed automated teller machines - Portland, Ore.-based Card Capture Services Inc., which runs 8,500 machines.
Next week, international customers of London-based Barclays PLC will be able to trade currencies online, with foreign customers of discount broker Charles Schwab Corp. not far behind.