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Financial Analytics: Science and Experience
 

Outsourcing of financial services: genesis and current condition

Vol. 9, Iss. 18, MAY 2016

PDF  Article PDF Version

Received: 3 March 2016

Received in revised form: 1 April 2016

Accepted: 13 April 2016

Available online: 17 May 2016

Subject Heading: FINANCIAL INSTRUMENTS

JEL Classification: G23, G30

Pages: 34-51

Laktionova O.E. Pryazovskyi State Technical University, Mariupol, Ukraine
o.laktionova@inbox.ru

Importance The article discusses how outsourcing of financial services and outsourced financial services emerged in the global and regional markets of the Americas, EMEA, Asia as a competitiveness driver of outsourcing companies.
Objectives The research examines how outsourcing of financial services evolves and exists in three global regions and separate countries. I present the genesis and determine development trends.
Methods The methodological framework includes econometric methods, methods of analysis, synthesis, specification, generalization, which allowed analyzing how outsourced financial services and outsourcing of financial services developed as services in corporate financial management.
Results I analyzed the pace and trends in the development of outsourcing, outsourced financial services. The article describes the genesis of financial outsourcing as a tool to manage finance, and competitiveness driver for customers and national economy. I pointed out milestones and trends in the development of outsourced financial services, specified and complemented the conceptual framework of the financial outsourcing phenomenon as an innovative form of finance governance.

Keywords: financial outsourcing, services, contract, outsourcing companies

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