Insigma Sponsors Duke University Offshoring Research Network in Financial Services Executive Roundtable

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.