Large, diversified IT firms are poised to win significant IT outsourcing contracts as banks seek more predictable cost bases and eliminate in-house support of non-core activities, according to Financial Insights, the research firm.
The increase in outsourcing contracts is one of a number of predictions included in the research report into corporate banking by the firm, which was formed in November 2002 by the merger of Meridien Research and the IDC Financial Services Advisory group.