Wednesday, February 16, 2011

Citi, BofA & JPMorgan to outsource $5 bn of IT and back office projects to India

"America’s top banks including Citigroup, JP Morgan and Bank of America are set to outsource IT and back office projects worth nearly $5 billion this year to India, as they seek to lower costs of complying with new regulations and integrate banking systems."
Citi, BofA & JPMorgan to outsource $5 bn of IT and back office projects to India - The Economic Times

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