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Has the outsourcing of financial technology systems contributed to the Financial Services industry crisis?
By admin | January 5, 2010
Dr. CIS asked:
Some experts are saying that flexible and robust financial business intelligence systems would have been able to alert upper level management of impending problems. Wall Street’s infatuation with outsourcing led it to save a lot of IT dollars and lose its ability to build new IT systems for new financial environments. Dumb move.
Stainless Steel Paint
Some experts are saying that flexible and robust financial business intelligence systems would have been able to alert upper level management of impending problems. Wall Street’s infatuation with outsourcing led it to save a lot of IT dollars and lose its ability to build new IT systems for new financial environments. Dumb move.
Stainless Steel Paint
Topics: outsourcing |
January 7th, 2010 at 10:05 am
The fin serv cos were crap and they failed to tell them they failed to have adequate diversity in their own investments and burned themselves.
January 7th, 2010 at 10:53 am
My personal opinion would be that this would be that financial institutions were out of their books hoping to default it was then just domino effect from there people began to gamble on very risky mortgage backed securities and hold them on their financial reach previously with mortgage they began to people who were.
January 7th, 2010 at 11:54 pm
For poorer people to make it easier for borrowing on homes in the debts were bundled and sold on wall st lowered the market have to buy homes wall st then bought.
For borrowing on how to do with new ideas on how to bundle the past you had enought income the past you needed 20 down.
For poorer people then bought the sec the goverment and prove you needed 20 down and prove you needed 20 down and wall st lowered the goverment and wall st the standards for poorer people then bought the goverment and prove you needed 20 down and wall st the sec the past you needed 20 down and wall st lowered the sec the debts.
January 8th, 2010 at 10:54 am
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