4.13.2004

Top Financial Institutions Will Increase IT-Related Offshore Outsourcing Investments 34% Annually svbizink.com (4/13)

et outsourcing in the financial industry is undoubtedly on the rise.
TowerGroup estimates that the top 15 global financial institutions will
increase information technology spending on vendor-direct offshore outsourcing
by 34% annually -- representing an increase from $1.6 billion in 2004 to $3.89
billion in 2008.

[snip]

Additionally, many leading firms now own and operate their own
"captive" sites in countries like India or China, which allows for better risk
management and IT governance -- and thus a more confident transfer of riskier
IT and business processes to low-cost destinations.

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