Cautionary Tale Of Offshoring's Potential Peril

Charles, Mike
October 2005
Bank Technology News;Oct2005, Vol. 18 Issue 10, p48
Trade Publication
The article focuses on the implication of outsourcing in the U.S. banking process. The debate over the outsourcing of software development has raged for years. Inability of banks in the U.S. to process more than 250 million non-cash items and other factors have further aggravated the case. The most potential outsourcing destination such as India, China, etc. have spent much energy in upgrading and publicizing their security procedures. This is because banks have a responsibility to both their customers and the nation to ensure that the software they implement is safe and efficient.


Related Articles

  • Eficacia en la gestión de clientes.  // Estrategia Financiera;2008, Vol. 23 Issue 252, p6 

    No abstract available.

  • Fidelity Says Outsourcing Abroad Will Add to Efficiency. Sinnock, Bonnie // National Mortgage News;2/9/2004, Vol. 28 Issue 20, p15 

    Reports on the plan of Jacksonville, Florida-based Fidelity Information Services Inc. to outsource some of its software development work. Benefits of outsourcing in reducing cost and in adding efficiency; Investment in international servicing market expansion.

  • Westminster must follow Islamabad.  // Computer Weekly;6/27/2002, p22 

    Comments on the initiative offered by the Pakistan Government on software development offshore for British companies. Cost of establishing a software development project; Advantages of developing skills at the grass-roots level; Need of the country to formulate similar plans for the market.

  • An Eye on India: Outsourcing Debate Continues. McLaughlin, Laurianne; Deuel, Rebecca L. // IEEE Software;May/Jun2003, Vol. 20 Issue 3, p114 

    Reports on the outsourcing activity of the U.S. software developers in India. Reduction of personnel cost; Knowledge of outsourcing challenges; Generation of revenue.

  • Selecting software subcontractors. Nielsen, Jim; Miller, Ann // IEEE Software;Jul96, Vol. 13 Issue 4, p104 

    Describes methods for selecting subcontractors for a large computer software development project in which outside companies are supplying 90 percent of the code. Assessment structure; Corporate vision; Strengths of the organizations; Supplier re-evaluation; Leadership concerns. INSET: Satcom...

  • Untitled. Dorsch, Jeff // Electronic News;7/26/93, Vol. 39 Issue 1973, p12 

    Reports on contract services and software products development in the electronics industry. Advanced Research Projects Agency contract for a team of MTL Systems, Analogy and Compass Design Systems to develop an analog hardware description language (AHDL) reference manual; Simucad as a recipient...

  • In Mad Scramble to Offer SMAs, Banks Turning to Outsourcers. Krebsbach, Karen // Bank Investment Consultant;Jul/Aug2002, Vol. 10 Issue 6, p33 

    Reports the use of outsourcing by banks offering separately managed accounts (SMA) in the U.S. Determination of the total assets of SMA for the year 2001; Need for increased tax awareness and customization capabilities among financial planners; Names of companies offering outsourcing services.

  • Operations show spotlights outsourcing, imaging.  // ABA Banking Journal;Jul91, Vol. 83 Issue 7, p60 

    Focuses on the use of image technology in banks in the U.S. Advancement of banking technology; Development of outsourcing; Impact of the image system on customers.

  • Banks seen turning to outside managers for big trust accounts. Merrill, Cristina // American Banker;8/4/1995, Vol. 160 Issue 149, p11 

    Reports that banks in the United States are starting to use more outside investment managers to run their large trust accounts. Adoption of variations of `prudent investor' legislation in several states, which demands that banks seek outside investment expertise when they need it; Need for banks...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics