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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There has been hearsay of outsourcing since many years ago but it didnt take place completely.
Challenge is not every part of the role can be outsourced. Some companies have incorporated these roles into business (i.e. client facing). There is also requirement for knowledge of regulations and working close to the business and regulator.