American Banks quietly send jobs overseas

October 25, 2016 3:54 pm | Updated 1 year ago.

#Offshore #Outsourcing by bank has been continuing for the past two Decades. Yet experience show that shifting #operation work to an #offshore location in another country often comes with risk of errors related to misunderstanding and security lapses. #Banks are also under pressure as regulatory changes have increased prices. This has led to an increase in #Offshore #Outsourcing as banks are sending more work to countries like #Philippines where salaries are still lower than the US.
Source: http://www.americanbanker.com/news/bank-technology/what-can-go-wrong-when-banks-ship-jobs-overseas-1091761-1.html?zkPrintable=1&nopagination=1