The Market's Tough. So is the IT Curve

June 2005
Bank Technology News;Jun2005, Vol. 18 Issue 6, p1
Trade Publication
This article focuses on challenges in information technology industry. The cost of hiring and managing a talented technology workforce is so high, the vast majority of de novo institutions choose to outsource their operations. This single decision triggers a chain reaction: choosing the right outsourcer, and tightly managing the ongoing relationship, become critical processes. With Internet seams increasing seemingly by the day, security is a serious consideration for any new bank. Financial institutions bear the burden of convincing not only customers, but regulators they are safe.


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