More European Banks Are Turning to Outsourcing

ROCKVILLE, MD, Aug 17 (MARKET WIRE) --
MarketResearch.com has announced the addition of TowerGroup's new report
"The Market for Payments Outsourcing in Europe: An Introduction," to
their collection of Banking & Financial Services market reports. For more
information, visit
http://www.marketresearch.com/redirect.asp?progid=67618&productid=2292255

TowerGroup has long believed that outsourcing in Europe is inevitable
based on the experience of banks in the United States.

Outsourcing covers a range of approaches, not all of which will prove
successful in Europe, and although only a small number of banks currently
do outsource, a quiet revolution is taking place.

Not only are there many forms of outsourcing, but many different kinds of
organizations are offering outboard processing.

Banks seeking to outsource need to be very clear about why they are
outsourcing and determine whether they are making a tactical or strategic
decision; short-term thinking can be fraught with danger.

Outsourcing in the correct form can support both tactical and strategic
decisions; in the wrong form, it becomes a one-way street and will define
and ultimately limit the scope of future strategy.

Because outsourcing is relatively rare in payments, a bank needs expertise
in business, information technology, and domain to ensure that it selects
the right form of outsourcing that will in turn help narrow the choice
of
provider.

Topics covered in the report include...
Report Coverage
Introduction
What Is Outsourcing?
The Supply and Demand of Outsourcing
Summary

For more information visit
http://www.marketresearch.com/redirect.asp?progid=67618&productid=2292255

Contact:
Gregg Kellett
MarketResearch.com
gkellett@marketresearch.com
240.747.3008

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