A Swiss bank is turning to IT outsourcing to cut costs and improve its efficiency.
UBS has confirmed that it will streamline its IT operations with a view to reducing expenditure by “creating leaner structures, increasing efficiency and agility”.
A spokesperson for the firm said it regularly reassesses its internal processes to optimise its performance.
“Cost management and increased efficiency are top priorities for the entire UBS firm,” they commented.
UBS will look to outsource various parts of its international operations to Cognizant in the coming months, the company confirmed last week.
The company currently employs almost 9,000 people worldwide.
In other news, the latest CBI/KPMG London Business Survey indicated that the majority of London companies are now hiring as many new workers as they were before the financial downturn – a fact that could be good news for those involved in IT outsourcing in the capital.
Source:http://www.ihotdesk.com/article/800600198/UBS-cuts-costs-with-IT-outsourcing
