Quote:
Originally Posted by Unregistered
What do you guys think about the view that Singapore is a high cost centre and processing activities (eg. KYC, AML related roles) will eventually move to low cost centres like India? Do you think it’s true or the quality of work in the low cost centres would be so bad that it’s eventually a higher cost to the firm too?
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Won't happen.
Businesses in India aren't doing well because laws aren't business friendly. Taxes are high too.
India is good for back-office jobs not involving critical decision making.
Compliance functions are critical and essential. They can't move.