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Review of the Banking Conference entitled "The limits of outsourcing" (Les limites de l'externalisation") held in Geneva on 15th September 2004, organized by Unicore. In the Swiss private banking sector, increased competitive pressure will drive cost-cutting and consolidation, down from the 100-or-so banks existing today to a considerably smaller number in a few years.
If banks want to nearshore some of their business processes to stay competitive, they have to first define clear goals, prepare their organization, commit to the change and choose a reliable business partner.  Thomas, Meyer (2006-08-14). “Offshoring to new shores: Nearshoring to Central and Eastern Europe“ (PDF). Deutsche Bank. Retrieved
Singapore is a lovely place, but is no longer the key destination for banking process offshoring. It is simply too expensive now. About 10-15 years ago, Singapore was the offshoring choice for many banks, including UBS. Two reasons: first, lower
business processes abroad, where operating costs are lower, as they find that external restructuring via offshoring is the way to survive. This, in turn, will be the most possible result in growth of service offshoring projects located in CEE and Asia, as these two locations were the most attractive ones in recent years for service offshoring. The Stephan Hocking - Managing Director - United …
Dec 11, 2003 ... In late October, the HSBC banking group announced that it is taking 4,000 jobs ... parts of its IT operations in Switzerland to a state-of-the-art services centre in ... The main advantage of shifting business operations to India and ...