Budget Cuts Drive More Reference Data Outsourcing, Survey Finds

Almost a third of financial institutions are outsourcing reference data management processes at a time when most firms are trying to reduce their operational budgets, research by WatersTechnology has found.

The survey of senior data management decision-makers at international financial institutions found thirty percent of firms currently use outsourcing services as part of their reference data management programs. Fourteen percent of respondents said they may consider outsourcing within one year

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