Nearshore Europe Banking BPS Market: Will Europe Bank on Nearshore?

20 Sep 2016
by Rohitashwa Aggarwal

Introduction

The locations in nearshore Europe play a critical role in delivery of banking BPS for both global and European banks, especially for their in-house delivery model. Cultural affinity, time-zone similarity, cost savings, strong talent pool, and low risk environment makes these locations attractive for serving businesses based in other European countries. As the uncertainty over implications of Brexit grows, this report takes a closer look at the current landscape of locations being leveraged to support banking BPS, relative value proposition of these locations, and potential impact of factors such as regulatory changes, technology trends, and Brexit on sourcing strategy of companies.

In this research, we assess the nearshore European region across multiple dimensions for the delivery of banking business process services.

  • Global banking BPS market overview and key trends
  • Overview of nearshore European locations for delivery of banking BPS market
  • Service provider and GIC landscape and service delivery portfolio
  • Assessment of value proposition of leading nearshore European locations for banking BPS
  • Banking BPS MAP Matrix™ for nearshore European locations
  • Implications of regulatory changes, technology trends, and Brexit on nearshore Europe banking market

Scope and methodology

The scope of the analysis includes:

  • Nearshore European locations
  • Banking business process services
  • Services delivered by Global In-house Centers (GICs) and third-party service providers
  • Analysis of value proposition of key cities in nearshore Europe: Belfast, Bucharest, Budapest, Dublin, Glasgow, Krakow, Vilnius, Warsaw, and Wroclaw. The report also includes an assessment of Croydon (England) as a reference location for the analysis
 

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