4th Annual Financial Services Industry Transformation and Outsourcing Strategies Forum
06/24/2010

4th Annual Financial Services Industry Transformation and Outsourcing Strategies Forum Concludes

Risk management, innovation, shared services, economic recovery among key topics

Online PR News – 24-June-2010 – – Manalapan, New Jersey (June 18, 2010) -- FSO Knowledge Xchange (FSOkx), a global media and research organization, announced the successful completion of the 4th Annual Financial Services Industry Transformation and Outsourcing Strategies Forum held June 15th, 2010 at The Princeton Club in New York. This knowledge-sharing platform brought together senior decision makers from the banking, insurance, and capital markets industries.
The distinguished speakers included industry practioners, analysts, consultants, academics, and service providers from global industry players such as Wachovia, BNY Mellon Asset Servicing, Deutsche Bank, Citi Markets & Banking, Deloitte Consulting LLP, New York University Stern School of Business, Canopach, and NelsonHall.
Daniel North, Chief Economist of Euler Hermes ACI, delivered the keynote address. Although North was optimistic about economic recovery and predicted GDP growth of 3 percent over the next few years, he warned that inflation is likely in 2011 and beyond and will significantly impact monetary and fiscal policy, consumer prices, interest rates, and deficits.
Steven Beard, President of event platinum sponsor Xchanging, described the benefits of shared services such as labor arbitrage, aggregation, process optimization, and services simplification. Value generation is attributable to maturity level of shared services within the organization, explained Beard,

Rekha Vatsa, FSOkx CEO, concluded the event by announcing the winners of the 2010 FSOkx Excellence Awards. For more information on the winners, please click: FSOkx Announces Winners of the 2010 FSOkx Excellence Awards II Press Release Hyperlink II
For more information on the event agenda and speakers, please visit http://fsokx.com/FSOkx/FSITOForum2010/Agenda.aspx

Podcasts of the event will be available on www.fsox.com.