In China, this is still a new industry, and only small and medium-sized commercial banks have partially outsourced their business processes. But in the face of such attractive emerging markets, Shanghai's back-office financial center has already made preparations. At present, Shanghai Bank Card Industrial Park located in Zhangjiang Hi-tech Park has attracted China UnionPay, Bank of Communications, China Merchants Bank, Industrial Bank, Taiping Life Insurance, Shanghai Futures Exchange and other financial institutions, and has moved its credit center, settlement center, disaster recovery center and financial information product technology center here. It is understood that a 60,000-square-meter BPO functional platform has been launched, a new platform of nearly 400,000 square meters is under construction, and the financial BPO business of five foreign banks is under negotiation.
Outsourcing is a strategic business transformation and innovation, thus reducing risks, increasing the flexibility of enterprises and improving the efficiency of enterprises. At the same time, supply and demand sides have formed a new strategic partnership and new service supply chain management. Outsourcing services can provide fast and effective access to key knowledge and professionals, and can significantly improve business process management, so as to be invincible in the market competition.
Obviously, BPO is an outsourcing, and they are an inclusive relationship.
References:
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