Research & Insight

Research & Insight

Deloitte

Deloitte Report: Offshoring in the Financial Services Industry "Forever Changed" by Globalization

Outsourcing Center, Beth Ellyn Rosenthal, Senior Writer

A new report from Deloitte Consulting discovered financial institutions are reshaping themselves before our eyes. They will be forever changed by globalization, according to Peter Lowes. Fact: In 2001 less than 10 percent of the financial services industry had moved work offshore. Today, 75 percent have. Here’s what’s really happening.

Strategic Alliance Provides Missing Piece

Outsourcing Center, Beth Ellyn Rosenthal, Senior Writer

Exult, a human resources (HR) outsourcing vendor, faced a dilemma that is becoming increasingly common in the business process outsourcing (BPO) world. Exult’s global 550 customers are outsourcing their HR operations to the Irvine, California pure play provider. Currently, Exult has HR 18 processes in its Web-based e HR offering. One of those offerings is international assignment services. Exult offers this expatriation service but lacked the technology for it.

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