Is the financial outsourcing company reliable?

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.

I suggest that you first understand the establishment time, service items and industry reputation of the outsourcing company to see if it meets your needs, and then learn more about the actual case of the company to see if it is reliable.

Tips: The above contents are for reference only.

Response time: 2021-12-21. Please refer to the latest business changes announced by Ping An Bank in official website.