From IT to BPO to regulatory compliance efforts, we are now arriving "at that place where the banks are ready to outsource,” says Anupam Jain of Everest Group.
Financial Sector Outsourcing Is Poised for Growth but Political Hurdles Remain
Bank Closings Continue to Sweep the United Kingdom
More than 1,000 bank branches have been shuttered in the past two years, with HSBC closing 27% of its branches and Lloyds closing 14%.
Bank of America, JPMorgan, RBS, and BBVA Highlight Fintech Awards in 2016
Banking Technology will be handing out its Banking Technology Awards 2016 in December at Tower Hotel in London
Infosys Loses Major Contract with RBS During an Already-Difficult Year
After the loss of a $300 million USD deal in an already-troubling year, Infosys has some work to do to make up for a big hole in its balance sheet.
RBS Abandons Plan to Spin Off Williams & Glyn Amid £2 Billion Losses So Far in 2016
Overall, the Edinburgh-based bank spent some £1.4 billion on an IT system for W&G, which it will now try to sell off instead of developing.