Outsourcing is in. (banking industry): An article from: Bank Marketing

This digital document is an article from Bank Marketing, published by Bank Marketing Assn. on June 1, 1994. The length of the article is 2970 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Banks are increasingly outsourcing many of their technological services. Transferring such functions as item processing and electronic funds transfer processing provides banks with many benefits, including scale economies, technological expertise, lower costs and product differentiation. However, banks contemplating the outsourcing of certain services should carefully consider the pros and cons of doing so, since pulling out of an outsourcing contract can be very expensive. Examples of banks that have parlayed outsourcing into a banking strength include Rock Savings Bank in Wisconsin, which uses an imaging service provided by FIServ for its check processing system, and Lone Star Bank in Texas, which hired Affiliated Computer Services to develop a geocoded mapping service for pinpointing loans in compliance with the Community Reinvestment Act.

Citation Details
Title: Outsourcing is in. (banking industry)
Author: Katherine Morrall
Publication:Bank Marketing (Magazine/Journal)
Date: June 1, 1994
Publisher: Bank Marketing Assn.
Volume: v26 Issue: n6 Page: p9(5)

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