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May 06, 2005
UK Regulator says outsourcing’s safe
- The Financial Services Authority (FSA) has given offshore outsourcing in India a clean bill of health after investigating concerns about the safety of customer data.
The UK’s main City regulator visited 10 outsourcing operations in India to study their operations. Most of these provided services to UK retail banks and insurance companies.
After investigating the governance and data control systems in place for the operations visited, the FSA said offshore outsourcing posed no greater risk to customer data than in-house operations.
Posted by tedb at May 6, 2005 10:14 AM
