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Outsourcing and Vendor Management in Financial Institutions
Optimise outsourcing as a tool to cut costs and improve processes whilst managing and mitigating risk arising from vendors
23-24 February 2017
Marriott West India Quay, London, United Kingdom
- Conference Workshop
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Learn how to outsource strategically alongside new regulations and market changes
The conference master class will look at solutions for dealing with the impact of regulations and market changes on outsourcing as well as how financial firms can prepare for future changes.
Workshop Moderator: Ulrich Voss, Founder and Managing Partner
Company: Kronberg Advisors
- Why You Should Attend
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Outsourcing and Vendor Management in Financial Institutions
In recent times, financials have been forced to rethink traditional operating models in favour of outsourcing models that will help improve revenue and create new business opportunities. The big reasons for this change are the increased regulations, reliance on technology as well as the need to quickly target new areas and financials are turning to outsourcing as the answer. Financials are currently embracing outsourcing as a strategic extension to the business for managing core processes, but simply outsourcing all activity is not the way forward, financials must also manage and mitigate the risk arising from their vendors. If vendors are not managed correctly, this will expose banks to a number of threats in turn resulting in reputational damage. So this conference will explore how financials can use vendors to cut costs and improve process as well as monitor and control third parties.