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Wednesday, August 18, 2004

Financial Firms Hasten Their Move to Outsourcing via NYTimes

The rapid growth rate for offshore outsourcing showed no signs of abating, despite negative publicity about job losses. Although information technology remains the dominant service, financial firms are expanding into other areas like insurance claims processing, mortgage applications, equity research and accounting."Offshoring has created a truly global operating model for financial services, unleashing a new and potent competitive dynamic that is changing the rules of the game for the entire industry. The Delloite survey confirms that offshoring is gaining strength amongst the financial service vendors. This update of offshoring from NYTimes reinforces the dominant role for offshoring in the days to come.
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Sadagopan's Weblog on Emerging Technologies, Trends,Thoughts, Ideas & Cyberworld
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