For many Financial and Corporate Institutions looking to enhance their products and or services in strategic partnerships with credible third parties is a viable alternative to going it alone and building in-house capabilities. Thus, in-sourcing capabilities can be of benefit in many ways and can support greater speed in bringing new capabilities to market, cost efficiencies and an ability to leverage the experience and market leadership of such third parties. Additionally such Partnerships allow Institutions to focus on their core areas of excellence whilst supplementing these with those of others. It is not feasible for all market participants to achieve critical mass across all banking activities. This type of strategic Partnership can make a lot of sense for both in-sourcing and out-sourcing party alike and creates a sustainable business model for all concerned.
At CMM we have worked with a variety of institutions to create such partnerships to cover the out-sourcing of non –core activites including:
- Credit card payments
- Travellers Cheques
- Custody and Settlement services
- Bond and Stock-lending programs
- Trade Processing
- Political and/or Credit Risk Insurance
- Export and Import Factoring
- Overseas Government Backed Export Finance
- Trade Finance Syndications
