Siemens Business Service has bagged second business contract from the banking major, Barclays. The relationship between this two began in 2000 and it seems like Siemens is satisfactorily handling its retail banking back office services. It consists of functionalities like transfer of funds, account closures and administrative processing for direct debit and standing order instructions. Siemens has enhanced the back office operation of the bank through improved operational efficiencies while maintaining the right balance between responsiveness, quality and cost-effectiveness.
We are sure Barclays which yesterday posted 1.5% down in FTSE will recover in the next on account of its more banking on outsourcing. After that’s the cure of all ailment, isn’t it.
Comment Preview