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 doesn't just run a process, we work with our clients to nurture it, make it productive, define and mature the metrics and ensure ongoing performance. Since our founding in 1994 we have provided a wide range of bpo services, customer support, back office, and telemarketing outsourcing solutions for clients…
There is certainly no denying the potential benefits that can be derived through outsourcing, but it would help if the right outsourcing provider is selected. Doing that is not a difficult task, but it's certainly a bit complicated, obviously because the number of providers offering outsourcing services has increased significantly…
With the information technology occupying an important place in our lives, the role of data processing has also grown over the years. Banking, health care, telecommunications, media, insurance, almost all industries are now data driven. In spite of the fact that paper is important in processing, storage and retrieval of…