Finance firms rebuilding using IT from service providers

| No Comments
| More
I met Mike Powell, global head of enterprise information, at Thomson Reuters this morning.

We were discussing a big project the company is running to speed up its data services to its investment industry clients.

Thomson Reuters.JPG

During the conversation I asked him about outsourcing. Although Thomson Reuters has built the software for the project we discussed in-house he said there was a trend for financial services firms to buy what they can.

He also said that companies in the finance sector do now appear to be building their businesses up again following the credit crunch and economic downturn.

"The appetite to build is less than before. people do want to differentiate themselves but do not want to spend on core capabilities that are available through suppliers."

Leave a comment

Have you entered our awards yet?

About this Entry

This page contains a single entry by Karl Flinders published on April 20, 2010 3:42 PM.

Is Brazil a hidden IT gem? was the previous entry in this blog.

Video of the coal miner that made it to the top is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.


-- Advertisement --