Banks also need to reboot themselves — here’s why

  • Experience/expertise: As mentioned earlier, the art of proposal writing is a niche, so finding the right partner with the required experience and expertise in the industry is an important challenge to overcome.
  • Flexibility/scalability: It is also important to partner with a vendor who can help identify the right structure for you and has the flexibility to build an effective team, while being able to scale when required to truly deliver process efficiencies.
  • Information security: Unlike insourcing, where banks can take comfort in the security of data that remains within the organisation, outsourcing poses the main challenge of data security.

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Acuity Knowledge Partners

Acuity Knowledge Partners

We write about financial industry trends, the impact of regulatory changes and opinions on industry inflection points. https://www.acuitykp.com/