NEW YORK (Jan. 23, 2011) – The Global Services Conference 2011 for services buyers and global service providers will be held January 27 in New York City. Hongfei Huang, CEO of Insigma US, will be among 25 speakers from leading global enterprises presenting insights around the theme of “Enabling Business Transformation through Global Sourcing.” 

Insigma is pleased to participate again this year in the Global Services Conference,” said Mr. Huang.  “With so many emerging services destinations and diverse marketing strategies of service providers, there is a real need for insightful information on how to select a best-fit services partner. Companies can no longer risk taking a one-size-fits-all approach or a cost approach to selecting a provider.”

Mr. Huang will be a panel participant in the session on “Global Delivery Locations and Their Competitiveness,” focusing on understanding the challenges and opportunities in selecting a services location. 

About the Global Services Conference 2011
The Global Services Conference 2011 is a premier annual conference for business and technology executives who are involved in the evaluation, purchase, or management of outsourced or captive services both onshore and offshore.

NEW YORK (Sept 27, 2010) – The CIO Forum Financial Services will be held at the Harvard Club, New York City, November 4, 2010. Insigma US will sponsor the event, which is specifically designed for the most senior Financial Service leaders in the United States.

“Insigma is pleased to sponsor this year’s CIO Forum for Financial Services. This prestigious event offers unique benefits to participants by creating a deep dialog between executives across the provider/user spectrum, and it does so in a collegiate and inspiring environment,” said Ciaran P. Henry, CTO and Managing Director, Financial Services, Insigma US.

The keynote speaker will be Jonathan Zittrain, Professor of Law at Harvard Law School and the Kennedy School of Government. The event is well known for helping shape executives’ upcoming financial strategies.

What started as a small, offshore R&D facility for Insigma’s client – the world-leading financial services firm, State Street Corp. – is now a full-fledged technology center that has reengineered more than 100 of State Street’s legacy applications in 10 years. The reengineering efforts have saved millions of dollars compared to the cost of replacement and have resulted in supercharged applications that deliver dramatically greater productivity.

This April 2007 case study by Gartner discusses not only the successful achievement of objectives but also the fact that success depended on more than technical expertise. Gartner explains the relationship management and collaborative skills required for flexibility in this financial services outsourcing relationship to respond to changing market conditions.  

Along with other critical success factors, the case study also highlights the approach that Insigma and State Street took with Zhejiang University, an alliance partner of Insigma, to ensure the necessary skilled talent, innovation, low costs, and smooth migration to new platforms.  This innovative relationship also evolved into a joint venture between Insigma and State Street that enabled the financial services firm to successfully enter the China market and create new revenue streams.

For a copy of the case study, please e-mail us at contact@insigmaus.com.

NEW YORK (August 17, 2010) – Duke University Offshoring Research Network (ORN) recently held its biannual financial services offshoring executive roundtable in Huaqiao, China, and is holding an invitation-only event September 23 in New York City to briefly present findings comparing China and India with a focus on intellectual property (IP) and data privacy as well as market maturity.

The past nine months brought many sourcing leadership changes at leading financial services firms. The Duke ORN roundtable in China on June 18 provided a unique opportunity to assess real or perceived risk, and share best practices, challenges and new opportunities for service delivery in China with Duke Researchers, sourcing advisory firm TPI, and an intimate group of executive peers in financial services.

China has adopted and implemented national policies to build the outsourcing industry in direct competition with India. In February 2009, more than 20 cities were designated as hubs for attracting the entire range of business services outsourcing, including innovation and software design activities. While there are many perceptions of risk in China, the Duke ORN findings identify China as an emerging offshore location for financial services firms in the areas of finance & accounting, IT, and software development.

Since the China event in June, Duke ORN has been conducting additional analysis based on the China roundtable discussion and will share some high-level findings at the September NYC event sponsored by Insigma, a leading China-based provider of IT services to the financial services industry.