Traditional retail and commercial banks and diversified financial enterprises hire specialized service providers to assist in management of a broad range of classic banking support functions. Areas of particular attention include:
- Consumer Lending;
- Credit Cards;
- Loan Payments;
- Wholesale Banking;
- Risk Management;
- Investment Management;
- Corporate Services; and
- Retail Banking.
Other financial service providers use outsourced services. These include broker / dealers in the securities and investment field, asset management firms, depositories, clearing organizations and securities and commodities exchanges. Key areas where outsourcers assist these clients include:
- Front Office;
- Middle Office;
- Back Office;
- Sales & Brokerage;
- Research;
- Exchange Operations; and
- Prime Brokerage solutions.