[i] http://fingfx.thomsonreuters.com/gfx/rngs/USA-BANKS-COBOL/010040KH18J/index.html
[ii] An equally worrisome downside was noted by the United States Office of Personal Management in its 2014 report that said, “We anticipate cost increases at magnitudes of 10 percent to 15 percent annually as personnel with the necessary coding expertise retire and cannot easily be replaced.” Ref: https://www.opm.gov/about-us/budget-performance/strategic-plans/strategic-it-plan.pdf
[iii] https://home.kpmg.com/xx/en/home/media/press-releases/2018/02/global-fintech-funding-tops-us-31b-for-2017-fueled-by-us-in-q4-kpmg-pulse-of-fintech-report.html
Rahul Singh is President of HCL Technologies’ Financial Services Division offering IT, Infrastructure and BPO services to HCL's global clients across Banking, Capital Markets and Insurance. Backed with 30 years of rich experience across industry segments such as Outsourcing, Technology, Banking and Financial Services, Rahul is credited as the pioneer in the Financial Services—Business Process Outsourcing in India.