Sourcing Strategy Survey Report

Companies are constantly reviewing their operating model to increase efficiency and maintain flexibility. They increasingly use emerging technologies to meet growing client expectations. The complex and ever changing regulatory environment is, most of the time, an extra-challenge for financial players.

The recently published draft law 7024 could be a reason to revisit your organisation's internal processes and IT landscape, as it brings forward additional flexibility for outsourcing models and related treatment of client confidential data.

We've surveyed several business leaders to see what kind of outsourcing strategies they have or are planning to put in place.

A Sourcing Strategies Survey

Share

Why?

  • To have an overview of the current outsourcing landscape in Luxembourg;
  • To better understand drivers, best practices and pain points related to outsourcing;
  • To assess the potential impact of the draft law on the current outsourcing activities.

How?

We've put together a concise survey of 25 questions structured in five different sections. We've sent the survey to CEOs and COOs of leading financial institutions and service providers in Luxembourg and received over 30 responses. After a thorough evaluation of the responses, we’re sharing with you the most significant findings on sourcing strategies in Luxembourg.

For whom?

Regulated entities in Luxembourg that are already outsourcing or consider doing it for some of their activities.


Key Findings

Outsourcing activities are already considerable and they will probably further increase if the Bill passes, as it would facilitate the treatment of client identifying data (CID).

This element is often seen as a blocking point for transferring certain activities or IT systems to another service provider.

Overall, the Bill is rather seen as an opportunity rather than a threat.

Share

Contact us

Olivier Carré
Banking Leader
Tel: +352 49 48 48 4174
Email

Patrice Witz
Partner
Tel: +352 49 48 48 3533
Email

Florian Bewig
Director
Tel: +352 49 49 48 4169
Email

Stay Connected: