Banking
Outsourcing in Banking
Just like any other industry, Banking is also influenced by the buzzword – outsourcing. Banking and financial services industry across the globe is witnessing robust growth in past few decades. […]
Just like any other industry, Banking is also influenced by the buzzword – outsourcing. Banking and financial services industry across the globe is witnessing robust growth in past few decades. The growth is mainly due to changing regulatory environment, rapid technological advancements, and heightened competition. These factors force banks to consolidate to achieve economies of scale and scope. This changing landscape in the banking industry is driving banks to explore the outsourcing option to achieve efficiencies.
The concept of outsourcing is as old as the existence of the human community. With the division of labor and specialization of occupation, the core competency has become more narrowly and clearly defined. Further, increase in the complexity of functions necessitated the specialization. In this context, to in-source or outsource is a strategic decision for many 21st century organizations.
Whilst outsourcing confers a lot of benefits, it is not free from risks. For more details, please watch following video:
ldmahat
LD Mahat is a Chartered Accountant, Financial Adviser and Risk Management Specialist possessing over 29 years of diverse experience across several sectors covering a wide spectrum of assurance, business advisory and taxation disciplines. LD is a committed, highly motivated and result-oriented professional, consistently developing and nurturing client relationship and building long-lasting relationships with diverse clients. He has the ability to define issues, propose customized solutions that significantly add value and contribute to client’s success.
LD has got master’s in risk management form New York University, Stern Business School. He has undergone executive education at Harvard Business School and Insead Business School. He was risk management specialist in several Asian Development Bank Funded projects. He has provided risk management advisory services in various Nepalese corporate sectors.
LD has worked on large projects jointly with big 4 international accounting firms ~ PwC, Deloittee, Ernst & Young and KPMG in the field of Assurance, Diagnostic Review, Capacity Building, e-Government Procurement, e-Governance, Special Review, Investment Climate, and IFRS Implementation.
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