TITLE

Financial Services Outsourcing: Not If, But When

AUTHOR(S)
Sankappanavar, Geeta
PUB. DATE
July 2007
SOURCE
Bank Technology News;Jul2007, Vol. 20 Issue 7, p33
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the author's view regarding the financial services outsourcing in the U.S. The author states that outsourcing has become a mandatory and highly successful strategy within market-leading banks around the globe. However, he argues that outsourcing and offshoring can be a daunting prospect to many managers, especially those mid-size banks that lack the resources to follow in the footsteps of the larger banks and establish their own captive operations offshore.
ACCESSION #
25738220

 

Related Articles

  • Financial services operations: core offshore.  // MarketWatch: Financial Services;Jun2005, Vol. 4 Issue 6, p11 

    The article reports on the trend towards offshoring of core competencies among financial services institutions (FSI) in North America and Europe. it is stressed that the sector needs to use the global sourcing strategy to choose between operational locations and sourcing set-ups with objectives...

  • Scaled-back FTT Still Uneconomical for Repo Market, Say Industry Experts. Du Chenne, Janet // Global Custodian News;2013, p1 

    The article focuses on the proposed Financial Transactions Tax (FTT) in the European Union (EU) region and its implication for repurchase agreements or transactions (repo). In September 2013, a proposal was issued that would reduce the tax on equities from 0.1% to 0.01%. EU officials explain how...

  • Report Reveals Changing Mindsets Towards Outsourcing in Japan. Alembakis, Rachel // Global Custodian News;2013, p90 

    The article discusses the "Vision Focus" report by financial services holding company State Street on Japanese asset managers' mindsets regarding the outsourcing of back- and middle-office functions. Challenges facing asset managers include increases in regulatory and operational requirements....

  • Offshoring carries tax risks for the unwary. Lloyd, Debbie // Finance Week (Centaur Communications);11/23/2005, p19 

    The article suggests that offshore property management needs strict and robust procedures, particularly in the ownership structure and practical application. It explains the hefty liabilities facing British finance directors as well as the need for all finance directors to regularly review their...

  • Banks embrace multi-supplier model. Annesley, Christian // Computer Weekly;6/6/2006, p20 

    The article focuses on a study by London Business School and consultancy Capco, according to which, financial services organisations are starting to embrace a sophisticated global sourcing model, covering multiple suppliers, geographies and vertical, business-specific processes. It has found...

  • Offshoring likely to gain momentum, claims report.  // Credit Control;2005, Vol. 26 Issue 8, p43 

    The article reports on the possibility of offshoring financial services in Great Britain. According to a research conducted by Deloitte, as many as 180,000 financial services jobs could be moved to low cost center located overseas. Many firms claim that offshore outsourcing is a vital tool in a...

  • Offshoring Part II: Maximizing Operations. Papini, Jessica // Money Management Executive;7/2/2007, Vol. 15 Issue 26, p8 

    The article reports on the move of U.S. financial firms to maximize their offshoring operations. In 2001, less than 10% of major institutions moved their processes offshore, compared to 75% in 2006. Ashish Mittal, president of New York research firm 3iAnalysis, claims that he is seeing a trend...

  • Owners should consider all factors before switching captive domiciles. Parekh, Rupal // Business Insurance;8/20/2007, Vol. 41 Issue 34, p4 

    The article explains the factors to be consider by insurance companies in switching captive domiciles. Initial decisions in forming a captive often center around location-particularly whether the captive will be onshore or offshore-and each offers advantages. To contain costs, some organizations...

  • Off shoring is forecast to double in three years. McMillan, Paul // Money Marketing;9/22/2005, p14 

    Reports on the possible increase of offshoring in the financial services sector in Great Britain in the year 2008. Improvement of quality of service; Difficulties in communicating with colleagues in home market; Assessment of the reputational risk concerns in home market; Benefits and advantages...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

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

Try another library?
Sign out of this library

Other Topics