Financial Outsourcing in India |
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Financial
outsourcing services are used by financial institutions & banks,
broking houses, investors, fund managers, and individual organizations.
According to McKinsey and Nasscom , India has the
potential to process 30% of US bank transactions by 2010. Currently the
country's BPOs are handling 8% of US banking transactions. With growth
rates of 30 to 35%, India 's revenues from banking and financial
services offshoring is likely to reach $6.5 billion by FY2011.
Banks have realized that outsourcing Banking and
Financial Services is a strategic activity that streamlines and simplifies
operational processes, reduces cost and complexity and maximizes
revenue. The shift towards global multi-sourcing recognizes the need to
select the vendor best qualified to provide outsourced banking services in
specific locations.
Understanding the specific needs of customers in
different locations helps banks to differentiating their product offerings
and stay ahead in a highly competitive global marketplace.
Outsource2india can provide real-time, online, 24x7
processing, along with reliable, accurate and cost-effective Banking and
Financial Services. This enables banks to maintain core focus and achieve
organizational agility and flexibility and increase responsiveness to
customers.
Outsourcing Financial Services to India:
Outsourcing your financial and banking needs to
Outsource2india is a wise option since most companies do not have the
resources or expertise to perform these activities in house. Indian
service providers provide cost effective and quality solutions.
India is today the preferred destination for FAO (Finance and Accounts
Outsourcing). The success of India's outsourcing firms has ensured that
more than 80 per cent of the Fortune 500 companies are off shoring or
evaluating the outsourcing of their non-strategic processes now.
Banking services provided by Outsource2india: These are some additional financial services that can be outsourced to outsource2india
Conclusion: Outsourcing
financial services is a task often performed by financial analysts who
lack sufficient knowledge of outsourcing financials and of the overall
outsourcing agreement. Outsourcing Management Services will perform
all of the functions necessary for sound financial management of the
outsourcing agreement.
References:
1. 2. www.patni.com
3. www.accenture.com
4. www.outsourcing.org
5. www.bposervices.itmatchonline.com |