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Credit Suisse is shifting its outsourced software application maintenance projects to smaller niche vendors to reduce dependency on larger suppliers like Wipro and Cognizant amidst economic recession. The bank aims to mitigate risks and expand into specific domains such as retail and private banking while also reviewing its infrastructure outsourcing contract with HP. Upcoming projects will involve awarding contracts for managing servers and desktops, as part of the bank's multi-year IT transformation strategy.






