UK banks have substantial opportunity to improve document production efficiencies, according to a report commissioned by Pitney Bowes Management Services. The report found that around EUR 878 million of document production could be made less costly and more productive through outsourcing to a third party. Across larger British companies, the document production market is worth over 38 per cent of the IT market. IT has been subject to major outsourcing efforts, with a current market penetration of 28.32 per cent, whereas document outsourcing is less than half of this penetration level at 11.8 per cent. At over 22 per cent, document outsourcing penetration levels in the US are double those in the UK and rising, said the report.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.