Joe Zanko, Director, Shared Services & Outsourcing Advisory In the face of increasing regulatory scrutiny, decreasing margins, and the need for better controls, today’s insurance companies are seeking ways to gain operational improvements and realize cost savings to bolster their bottom lines. Following are three KPMG recommendations to help insurers achieve these goals:  Rebalance contractor/employee [...]

Filed under: Financial Services Industry, Human Resources, Outsourcing by KPMG
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Jim Low, FS Audit Partner / Leader Americas FS Center of Excellence, KPMG LLP (US) Signed into law in July 2010, the Dodd-Frank Act places regulation of the financial industry in the hands of the federal government. With its overarching goals of promoting the financial stability of the United States through improved accountability and transparency, [...]

Filed under: Financial Services Industry by KPMG
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Noel Cullen, Principal Advisor, KPMG in the UK Many business cases for shared services and outsourcing in the finance and insurance sectors overlook the substantial impact of VAT. KPMG’s experience in working with member firm clients in developing their business cases for outsourcing and shared services is that savings of 20 – 40 percent on [...]

Filed under: Financial Services Industry, Outsourcing, Shared Services by KPMG
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Stan Lepeak, Director, Research, KPMG SSOA practice Jim Low, Partner, KPMG Audit practice The “Dodd-Frank Act” is not top of mind among many sourcing professionals.   Officially labeled the “Dodd–Frank Wall Street Reform and Consumer Protection Act (H.R. 4173)”, this Act was introduced in the US Senate in 2009 and signed into law in July 2010 [...]

Filed under: Financial Services Industry, Market Trends and News, Outsourcing, Regulations Compliance by KPMG
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Noel Cullen, Principal Advisor, KPMG in the UK The recently published UK Independent Banking Commission’s (IBC) interim report has recommended that major banks separate their retail operations from higher-risk activities. Were such a requirement introduced, changes on this scale would have a significant impact on banks’ IT strategies. Change of this nature would almost certainly [...]

Filed under: Financial Services Industry, Information Technology (IT), Market Trends and News, Outsourcing, Regulations Compliance by KPMG
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Tony Rawlinson, Managing Director, Financial Services Advisory, Europe & Asia Demand for outsourcing remains strong in the UK Financial Services (FS) sector with almost 70 percent of FS organisations in this year’s study planning to increase their use of outsourcing. There is also evidence that outsourcing is increasingly being used as a strategic tool to [...]

Filed under: Financial Services Industry, Market Trends and News, Outsourcing by EquaTerra
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Phil Brooke, Principal Consultant, Financial Services Practice ‘Going green’ is a key component of most financial institutions’ corporate social responsibility policies, but there is increasing recognition that it has the potential to deliver much wider business benefits including bottom line cost savings and investment avoidance. The financial services sector has been slower than many other [...]

Filed under: CIO Agenda, Financial Services Industry, Information Technology (IT) by EquaTerra
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Tony Rawlinson, Managing Director, Financial Services Advisory (Europe & Asia Pacific) Outsourcing is becoming more and more mission critical for many financial institutions and increasingly important core processes as well as commodity services are being externalised to partners. Given the legacy of the credit crunch and the renewed emphasis on controls and accountability it’s not a [...]

Filed under: Financial Services Industry, Outsourcing, Regulations Compliance by admin
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Lee Ayling, Managing Director,EquaTerra UK Information Technology Advisory Twice yearly, each March and September, EquaTerra polls the UK market’s leading IT and business process service providers and advisors to get a “pulse” on outsourcing and third party services market trends.  This UK market study is a component of the overall global Pulse research programme and [...]

Filed under: Financial Services Industry, Market Trends and News, Outsourcing by EquaTerra
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Stan Lepeak, Managing Director, EquaTerra Global Research Tony Rawlinson, Managing Director, Financial Services, Europe and Asia On March 11, Mark Robinson, EquaTerra’s COO and the two of us hosted our firm’s annual European banking, financial services and insurance (BFSI) executive dinner in London. More than 30 executives from some of the largest European and global [...]

Filed under: Financial Services Industry, Market Trends and News, Outsourcing, Regulations Compliance by admin
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