IT op risk being outsourced
NEW YORK – Financial institutions are outsourcing their IT operational risk responsibilities as they choose application services providers (ASPs) over enterprise-managed IT infrastructure (on-demand) solutions, according to technology executives.
Many web hosting vendors are reporting a trend in which financial institutions are moving away from managing critical IT infrastructure to using on-demand software delivered through ASPs.
The need for ASPs has evolved from the increasing costs of specialised software that have exceeded the price range of small to medium-sized businesses. Also, the growing complexities of software have led to huge
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