Xchanging’s exit from Xchanging Transaction Bank (XTB) one of its founding joint venture enterprise partnerships (EPs) with Deutsche Bank (see Xchanging exits Deutsche Bank JV) is actually a sign of progress at the recovering business process services (BPS) provider.
The initial news sent Xchanging’s shares down 9% in early trading, but they recovered most of the ground later. We have been saying for a while now that Xchanging needs to clarify its position on its EPs. This announcement was certainly a surprise, but may help point the way forwards.
Subscribers to TechMarketView's Foundation Service can read the analysis in UKHotViewsExtra here.