What does financial service outsourcing do? To put it bluntly, don't copy.

Financial service outsourcing is to help financial enterprises do some basic things they have to do, such as input, voice, voucher sorting and so on. Financial enterprises should do it themselves. Need space and equipment, not worth the candle. Therefore, enterprises specializing in financial service outsourcing have emerged. In this way, others can make money, and financial enterprises can also reduce costs.

Financial Outsourcing Financial service outsourcing refers to the continuous use of outsourcing service providers by financial enterprises (which can be affiliated entities within the group or entities outside the group) to complete business activities previously undertaken by themselves. Outsourcing can be that a financial enterprise transfers its business (or part of its business) to a service provider, or the service provider further transfers it to another service provider (that is, "subcontracting").

Financial outsourcing began in Europe and America in the 1970s. In order to save costs, financial institutions in the securities industry outsource some quasi-transaction businesses (such as printing and storing records). In the 1990s, driven by cost factors and technological upgrading, financial outsourcing mainly concentrated in the IT field, involving the entire IT industry. According to statistics, in 2005, 45% of the expenditure of the whole IT industry was outsourced.

Reference: Financial Service Outsourcing-Baidu Encyclopedia