Thursday, May 23 2013 2:33 PM EDT2013-05-23 18:33:20 GMT
Three Albany men, charged with beating a man in a bar parking lot so viciously they fractured his skull. are found guilty of different levels of involvement in their trial. After three hours of deliberationMore >>
A guilty verdict after three hours of deliberation, as three Albany men are found guilty of different levels of involvement in their aggravated assault trial.More >>
Thursday, May 23 2013 12:25 PM EDT2013-05-23 16:25:08 GMT
Army Specialist Ciara Smith surprised her son Devin Lewis and her mother Carla Williams today at Devin's Kindergarten graduation at Harper Elementary School in Thomasville. Smith just returned from herMore >>
Army Specialist Ciara Smith surprised her son Devin Lewis and her mother Carla Williams today at Devin's Kindergarten graduation at Harper Elementary School in Thomasville. More >>
Thursday, May 23 2013 11:57 AM EDT2013-05-23 15:57:54 GMT
Thomasville-Thomas County Humane Society Volunteer Lacey Williams and WALB's Stephen Abel drew the winning raffle ticket late Wednesday afternoon for a $100 gas card donated by Harold Jackson and PetroleumMore >>
A group of volunteers raised a total of $640 by selling the raffle tickets. The money will be used to fight animal cruelty through education and awareness.More >>
Thursday, May 23 2013 10:01 AM EDT2013-05-23 14:01:10 GMT
Albany Engineer K. Bruce Maples, P. E. announced some road closures Thursday morning. Beginning at 6:00 A.M., Saturday, May 25, 2013, the following streets will be closed for the Spring Fest and SBMore >>
Albany Engineer K. Bruce Maples, announced some road closures beginning at 6:00 A.M., Saturday, May 25, 2013, in downtown Albany.More >>
Thursday, May 23 2013 9:00 AM EDT2013-05-23 13:00:09 GMT
ATLANTA – The Georgia Department of Labor announced today that metro Albany's unemployment rate declined to 8.6 percent in April, down three-tenths of a percentage point from 8.9 percent in March. TheMore >>
The unemployment rate in the Southwest Georgia region declined to 8.2 percent in April, down two-tenths of a percentage point from 8.4 percent in March. The rate was 8.8 percent in April a year ago.More >>
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Over the past few months, Indian outsourcing industry has seen back to back compliance violations by well known third party vendors (first at HSBC and a merely a month later at UK based Standard Chartered Bank), as a result a lot of banking offshoring end up being captives rather than third party outsourcing. IT debacle at RBS also supported the point of having self managed captive centres. Considering the fact Knowledgefaber has studied the intricacies of the industry and came up with this research report on Banking IT Captive Centre in India.
In the last decade, decisive changes in the global business environment have left commercial banks with a competitive cost disadvantage relative to other banking firms in both core and noncore functions. To rescue banks form such a scenario, IT innovations offer a production option to offer cost reduction to banks. Technology integration solution force banks to take a strategy based outsourcing decision.
Before taking a decision on outsourcing, banks have to consider many things like how to go (strategy in terms different outsourcing approaches), where to go (Country and then city identification), what to outsource (what all functions need to be outsourced) and many more. Knowledgefaber's this report focuses on such concern areas very explicitly and provides solutions for all such apprehensive avenues.
In order to identify the best strategy, detailed research has been made to understand the benefits of captive (GIC) centres and third party vendors in present scenario, considering the recent debacles in the banking outsourcing Industry. Report includes a calculated cost arbitrage of more than 50 K USD per FTE for the studied IT operations between the parent and captive centre in India.
At the second step, where banks are zeroing down the city location, a detailed city and skill based talent pool study has been carried out. Results show an availability more than one lakh twenty seven thousand people with relevant skills across the various tier -1 and tier -2 cities in India. Banking IT Captive centers have a dense presence in Mumbai with the single point presence of many global banking giants like BNP Paribas, Credit Suisse, Morgan Stanley, Nomura India Services etc. On the other hand banking IT captives centres have a very scarce presence in cities like Pune and Hyderabad with selected giants like BOA, JP Morgan, HSBC Software development India and I-Nautics (BNY Mellon's Subsidiary).
Key Topics Covered:
1. Introduction: The core idea
2. Present State: Outsourcing in India
3. A Comparative Study of different outsourcing options
4. Why Outsource to India
5. Indian talent supply study
6. A note on Centre's of excellence
7. Case Study
8. Analysis & Conclusion
- BNP Paribas
- Credit Suisse
- Morgan Stanley
- Nomura India Services
- JP Morgan
- Deutsche Bank