New enemy of outsourcing: DIY by banks

Here’s the big reason why most of the big IT services companies are still struggling to accelerate: Many large banks have got into a do-it-yourself mode for their IT. Where once they outsourced work, they are now choosing to do more of it in-house, mostly in their own global inhouse centres (GICs) in countries like India.
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http://timesofindia.indiatimes.com/articleshow/65408394.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
SOURCE: Times of India
tags:
Outsourcing