Outsourcing of financial services functions on the rise.

• Position: Marketing News - Brief article

More functions such as mortgage processing, insurance underwriting and claim processing will be outsourced offshore in the future, according to a report from an independent market analyst, Datamonitor, in New York.

To date, most outsourcing by financial service companies has been limited to contact centers and application services, says the report entitled, "Global Sourcing in European and North American Financial Services." However, this is expected to expand...