Beyond Cost Savings: How Strategic Outsourcing is Transforming BFSI
03/07/25 • 41 min
The role of outsourcing in the Banking, Financial Services, and Insurance (BFSI) sector is shifting. Once seen primarily as a way to cut costs, it has become a strategic tool for driving innovation, ensuring regulatory compliance, and enhancing customer experiences.
In this episode of The Power of Possibility, Ronak Doshi, Partner at Everest Group, and Michael Neuberg, Head of Global Service Line BFSI at SPS, share insights on how financial institutions are using outsourcing to strengthen digital transformation, improve operational resilience, and navigate an evolving regulatory landscape.
Learn more:
The role of outsourcing in the Banking, Financial Services, and Insurance (BFSI) sector is shifting. Once seen primarily as a way to cut costs, it has become a strategic tool for driving innovation, ensuring regulatory compliance, and enhancing customer experiences.
In this episode of The Power of Possibility, Ronak Doshi, Partner at Everest Group, and Michael Neuberg, Head of Global Service Line BFSI at SPS, share insights on how financial institutions are using outsourcing to strengthen digital transformation, improve operational resilience, and navigate an evolving regulatory landscape.
Learn more:
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The Power of Possibility - Beyond Cost Savings: How Strategic Outsourcing is Transforming BFSI
Transcript
HOST:
Okay, so welcome back to the Power of Possibility, the podcast where we dive into the strategies that businesses are applying daily to drive growth, efficiency and innovation. And today we're focusing on a very important shift happening in the banking, financial services and insurance sector, which is the evolution of strategic outsourcing. And what used to be viewed only as a cost saving measure, has now become a key driver for innovation, compliance, operational
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