Banks may have been slow to adopt digital technologies compared to other industries, but they are
rapidly catching up through a sharper focus on innovation. Increasing demand for speed and
IT outsourcing has been a popular cost cutting method since the 1990s.
Today, it is seen as a viable business strategy and is expected to grow alongside HR and
Finance outsourcing. Deloitte’s 2016 Global Outsourcing survey reveals that
survey conducted by Computer Economics on IT Outsourcing found that outsourcing is becoming an
attractive option for smaller organizations and application development is the most outsourced function.