Outsourcing has long been a way of making cost-savings, but is this suitable solution for investment banks?
Increasingly it is a viable solution, particularly for post-trade processing, which plays a vital role in client service but represents a significant fixed cost for banks. To address this problem Accenture has teamed up with Broadridge Financial Solutions to build a new model for securities processing that spreads costs across a large volume of trades from multiple institutions. This should help banks of all sizes limit the need for capital investment and rebuild their business models around more-profitable services.
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