Financial Services BPO and ITO Oppertunities

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Sri Lankan Financial Services Outsourcing sector is growing. The opportunities for finance professionals to move in to knowledge services industry (IT/BPO) is rapidly expanding. This presentation highlights the growth of the global IT/BPO industry and Sri Lanka’s focus on Financial Services Outsourcing sector.

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January 2010 AAT Sri Lanka Madu Ratnayake SLASSCOM, Virtusa Positioning Sri Lanka as a financial services hub with BPO and ITO

Globalization Globalization 1.0 1492 till 1800 Large to medium countries globalizing, for imperial reasons, for resources. Globalization 2.0 1800 till 2000 Medium to small companies globalizing, for markets and for labor. Globalization 3.0 2000 on wards Small to tiny Individuals globalizing for opportunities.

Global IT/BPO Market growing steadily BPO - $280b ITO - $568b

IT/BPO Industry revenue is lead globally by BFSI (Banking Financial Services & Insurance)

Sri Lanka emerging as a global sourcing destination ,[object Object],[object Object],Gartner's 30 Leading Locations for Offshore Services (2010-2011). Included among the Top 9 in Asia pacific. 12th in the top ranking destinations in IBM Global Location Trends Report Ranked among the top 10 emerging global destinations by Global Services Magazine. Sri Lanka is another Asian country that has succeeded in positioning itself as an alternative to India. - IBM Global Location Trends Report 2010 Sri Lankan’s geographical location, infrastructural facilities, direct access to India market, high quality standards of the workforce, open economy and various free trade agreements make it an attractive outsourcing destination. – Global Services Destinations Compendium 2010

Sri Lanka being recognized as a Global Center of Excellence for Financial Accounting Outsourcing (FAO) Source: Tholons

BFSI - ITO Services companies are growing Banking Financial Services and Insurance (BFSI)

Talent base of Finance Professionals is growing

Vision & Goals ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Financial Services BPO and ITO Oppertunities

1. January 2010 AAT Sri Lanka Madu Ratnayake SLASSCOM, Virtusa Positioning Sri Lanka as a financial services hub with BPO and ITO

2. Globalization Globalization 1.0 1492 till 1800 Large to medium countries globalizing, for imperial reasons, for resources. Globalization 2.0 1800 till 2000 Medium to small companies globalizing, for markets and for labor. Globalization 3.0 2000 on wards Small to tiny Individuals globalizing for opportunities.

5. Global IT/BPO Market growing steadily BPO - $280b ITO - $568b

6. IT/BPO Industry revenue is lead globally by BFSI (Banking Financial Services & Insurance)

10. Sri Lanka – High Potential for Growth

11.

12. Sri Lanka being recognized as a Global Center of Excellence for Financial Accounting Outsourcing (FAO) Source: Tholons

13. BFSI - ITO Services companies are growing Banking Financial Services and Insurance (BFSI)

14. Talent base of Finance Professionals is growing

15.

16.

Financial Services BPO and ITO Oppertunities

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