Tag: Bank of Canada

Outsourcing Manages Risk While Transforming Processes for Canada’s Central Bank | Article

Outsourcing Manages Risk While Transforming Processes for Canada’s Central Bank | Article

As Canada’s central bank, the Bank of Canada works to preserve the value of money by keeping inflation low. It also acts as the government’s fiscal agent. More than 400 employees worked on the retail debt program, consuming 85 percent of the bank’s IT capacity while not a core activity. Outsourcing to EDS was the answer. However, this assignment had some extra requirements.