Infrastructure

01:55 PM
Connect Directly
RSS
E-Mail
50%
50%

It's true, outsourcing is gaining as a way to do core apps processing

By Art Gillis The numbers are in, and even though in-house is still a preferred method for community banks, outsourcing has gained in popularity. In 2005, new buy decisions among banks, thrifts and credit unions were as follows: In-house 56% Outsource 44% In the years before 2005, outsourcing ran at about 23%. The reasons most bankers give for this turnaround is attributed to the increased complexity of maintaining a fully compliant and secure system. Another reason is the expansio

By Art Gillis

The numbers are in, and even though in-house is still a preferred method for community banks, outsourcing has gained in popularity. In 2005, new buy decisions among banks, thrifts and credit unions were as follows:

In-house 56% Outsource 44%

In the years before 2005, outsourcing ran at about 23%. The reasons most bankers give for this turnaround is attributed to the increased complexity of maintaining a fully compliant and secure system. Another reason is the expansion and power of present-day systems. Here's my take. "When the goin' gets tough, bankers rely on strong third parties."

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology
BS&T's 2014 Elite 8 executives are leading their banks to success, whether it involves leveraging the cloud, modernizing core systems, or transforming into digital enterprises.
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.