From IT to BPO to regulatory compliance efforts, we are now arriving "at that place where the banks are ready to outsource,” says Anupam Jain of Everest Group.
More than 1,000 bank branches have been shuttered in the past two years, with HSBC closing 27% of its branches and Lloyds closing 14%.
Banking Technology will be handing out its Banking Technology Awards 2016 in December at Tower Hotel in London
After the loss of a $300 million USD deal in an already-troubling year, Infosys has some work to do to make up for a big hole in its balance sheet.
Overall, the Edinburgh-based bank spent some £1.4 billion on an IT system for W&G, which it will now try to sell off instead of developing.