Outsourcing affects every part of business from
manufacturing through to design, software development, financial control,
logistics management, customer support and sales. Outsourcing has been
praised as cost-effective, efficient, productive and strategic. The industry
is of immense help to banking industry.
Important processes being outsourced by leading Banks
- Customer care
- Maintaining financial statements
- Banking internal auditing
- Payroll Management
Benefits of Outsourcing Banking
- Banking institutions can better concentrate on their core functions.
- Banks can attract new customers and retain their old customers in a
better way. This is because of the specialized customer care services
- Less investment in human capital and increased effectiveness results
from outsourcing important processes.
- Banking time for customers has reduced significantly. Customized
services provided by call center industry ensures complaints are handled