Failing to fully meet the regulation can be the difference between success and failure for ruthlessly competitive financial sector. Regulatory compliance is being enforced more strictly than ever before as regulators seek to minimize risks to both customer and stakeholder funds and assets. This tougher regulatory environment has called for ring-fencing of individual departments and strict separation of certain processes and services.
Back-office outsourcing businesses can offer banks improved robustness and resilience in this area of operational exposure. The benefit of taking on back-office services from an outsourcing vendor is that it is easier for banks to prove that the department and its relevant processes have been separated as required by new regulation.
In addition, the burden of data security, integrity and transparency can be shared with expert back-office outsourcing companies that are specialized in handling these matters.
Telegenisys is one of the leading providers of Business Process Outsourcing (BPO) services, offering a wide range of back office services, customer care & support and telemarketing outsourcing solutions to our clients worldwide. Know more
Telegenisys Helps Move Real Estate into the Cloud Brokerage Fairfield, CA – March 28, 2017 - Telegenisys Inc. (http://www.telegenisys.com) announced today new services to help real estate firms move to new platforms. Read more Telegenisys Data Center certified for ISO 9001, 27001 and HIPAA compliance FAIRFIELD, California. – March…
Cost, time and quality in outsourcing data entry. The right partner can deliver all three. More and more businesses are looking to their outsource data entry processes to recession-proof countries such as India. As per a report by SourcingLine, India ranks first for its cost competitive location, massive resource and…
In most cases, when insurance business process outsourcing plans are being finalized, businesses usually face resistance from organizational members. And that’s not all that surprising because the general perception surrounding insurance process outsourcing is that it is nothing more than an effective downsizing utility. It appears that a few businesses in the…
Outsourcing Newsletter: December 2008 sharing news, trends, opinions and insights OUTSOURCING SERVICES SPOTLIGHT Analyzing Help Desk Outsourcing Trends After medical transcription, the second position would probably go to help desk outsourcing, if the task were to make a chronological list of business domains that were added from the time the…