Will new regulation curb outsourcing/offshoring by banks?
March 9th, 2010 at 12:00pm TPI
By Brian Smith, TPI
The Administration has proposed a set of new rules to increase regulation of the banking industry. While we don’t know what the final outcome will look like, we do know that changes will be focused on lending, bank structure, and the separation of investment banking from retail banking. None of these changes will minimize the need to reduce expenses.
In the spirit of proposed changes, banks are already taking a hard look at their businesses and looking to redefine what is core as a recent article from American Banker explains. The key for companies will be to find the right outsourcing partner to help them address whatever regulations do emerge. We believe that banks of all sizes will look to both domestic and offshore outsourcing solutions such as Knowledge Processing Outsourcing (KPO) to help them deal with new reporting requirements.
Essentially banks will further lean on sourcing solutions to manage these changes and keep their expenses in line.
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Entry Filed under: General
2 Comments Add your own
1. rodney | March 10th, 2010 at 3:18 am
What a great post…..!
You know what? I don’t know what kind of outsourcing in the bank. It is my first time to know, but because of your article its give me a lot of information. So now I know. Thanks for the information.
I’m at IT outsourcing philippines.
Good day…!
2. nyca | March 11th, 2010 at 11:32 pm
If the job can be done, then outsource. I think it’s the best way to save time and money for your company as you can focus on more productive things.
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