With branch transformation in full swing, many financial institutions are exploring the benefits of insourcing certain key functions currently outsourced. One of these is the processing of commercial and ATM deposits, often outsourced to armored car carriers.
For several reasons, the expected savings from these arrangements have not materialized, according to a new white paper from Cummins Allison. Higher fees, rising interest rates, and operational issues have put a renewed focus on this core branch function.
Key points about insourcing covered by this white paper:
- The downsides of outsourcing
- Three specific benefits from insourcing commercial and ATM deposits
- The strategic importance of deposit processing and how insourcing could impact operational performance
- Equipment considerations
Get the guide “Making the Case for Insourcing in Financial Services”
This white paper is brought to you by: Cummins Allison