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Inside Global Outsourcing in Banking and Finance

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Global Outsourcing Discourse

Part of the book series: Technology, Work and Globalization ((TWG))

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Abstract

GIB is a major European bank with operations in more than 75 countries spread across Europe, the USA, and the Asia-Pacific. In 2012 it had more than 80,000 employees and provided a range of investment and financial services to individuals, corporations, and institutional clients. PV is a major IT company that provides a variety of products and services including software, BPO, and infrastructure management services and it is one of the primary vendors of GIB. PV is based in India; it employs about 55,000 people and is one of the country’s largest IT service exporters. GIB and PV have a long-standing outsourcing relationship. The project under examination was called X-RAY and had three objectives:

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Notes

  1. 1.

    GIB and PV are made up acronyms to anonymize the bank and the service provider.

  2. 2.

    Figures all relate to 2012.

  3. 3.

    DSL is an acronym for the internal IT department.

References

  • Willcocks, L. P., & Craig, A. (2008). The Outsourcing Enterprise: Building Core Retained Capabilities. Logica Internal Report.

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  • Willcocks, L., Cullen, S., & Craig, A. (2011). The Outsourcing Enterprise: From Cost Management to Collaborative Innovation. London: Palgrave.

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Lioliou, E., Willcocks, L.P. (2019). Inside Global Outsourcing in Banking and Finance. In: Global Outsourcing Discourse. Technology, Work and Globalization. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-74045-4_4

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