White Paper: Securing the Shift to Managed Services


Reduced costs, greater flexibility and agility within IT teams, and faster time-to-market are all making managed services a compelling value proposition, although security does remain a concern for some.



Reduced costs, stronger execution and risk management, more flexible and agile IT teams, and faster time-to-market for new product innovations that drive growth and competitive differentiation make managed services a compelling value proposition.

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As managed service providers (MSPs) have implemented security and GRC (governance, regulatory, compliance) best practices in accordance with government and industry standards, financial institutions have been migrating more of their applications and data to these platforms. Customized services that scale flexibly continue to gain traction for back, middle and front office functions.

As more regulatory bodies accept MSP security and GRC capabilities, and as MSPs move up the value stack, TABB Group believes managed service adoption can approach 50% by 2016. Platform enhancements such as data management, cutting edge analytics and execution capabilities can evolve MSPs into alpha-generating platforms while continuing to reduce customer capital and operational expenses.

LIST OF EXHIBITS IN THIS WHITE PAPER

  • Exhibit 1: Complexity of Data Sets
  • Exhibit 2: Financial Institution Business Processing Outsourcing Deals, by Function
  • Exhibit 3: Fast and Slow Adoption Curves for Market Data Managed Services in the Cloud
  • Exhibit 4: Improving Data Fluency
  • Exhibit 5: Distribution of external costs of U.S. companies due to cyber crime. 2012

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