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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> Babson Capital

Outsourcing still a booming business within the financial services industry

Posted by RJ and Makay on Nov 24, 2010

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Within the outsourcing industry, the Outsourcing still a booming business within the financial services industryinformation technology sector and healthcare might be at the forefront, but financial services isn’t lacking in activity. Even though advisory firm TPI reported it observed a drop in the outsourcing of financial services during the 1st and 2nd quarter, there are still plenty of instances that contrast with the TPI index reports.

For instance, on the 15th of September, outsourcing provider Broadridge says it’s expanding its services to meet the demand of financial institutions and provide more flexibility beyond securities processing. New services are to include securities clearance and settlement, corporate actions, tax reporting, mutual funds, accounts payable, treasury, risk, and compliance.