Offshoring to double, despite rising risks
LONDON – Offshoring in the financial services sector is set to double by 2008, despite the rising risks of outsourcing the handling of sensitive financial data, a PricewaterhouseCoopers (PwC) study has found.
In a report: Offshoring in the financial services industry: risks and rewards, PwC found that offshoring in the sector will double by 2008. While only a quarter of the survey participants currently offshore between 10% and 20% of their headcount, half of them expect to do so in three years' time.
For 79% of the 156 survey participants, cost saving was the main reason for offshoring. And 74% of the
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