Indian Outsourcing to Handle More Bank Transactions

Filed in archive Outsourcing News on September 26, 2006

NASSCOM (National Association of Software Services Companies) Vice president Sunil Mehta mentioned that India's outsourcing industry is likely to handle more bank transactions in the future.

Despite the threat in security and identity theft, the vice president is confident that in the future, India would be able to handle at least 30% of the bank transactions in the US by the year 2010. The Indian outsourcing industry is currently handling 8% of the banking transactions for the US.

A tighter security rules was viewed as the most effective way to ensure that bank outsourcing in Indian would prosper. If India is really serious in their goal to handle more bank transactions then the plan for tighter security rule really needs to push through because if not, serious problems would surely arise.