Financial institutions such as banks, insurance companies, and mortgage companies require a high level of IT infrastructure. However, as IT itself includes a vast area, many organizations find it difficult to facilitate in-house IT operations. Rather than investing in an in-house IT department, most financial institutions seek IT-related services from third-party IT solutions companies, which comes with both benefits and risks.
As commercial growth rises at a global scale, IT outsourcing has become a strategic choice for many companies in different fields, such as finance, medicine, law and governance in order to streamline operations, enhance efficiency, and reduce costs. However, as beneficial as outsourcing can be, it comes with a set of inherent risks that must be carefully managed to ensure a successful partnership.
As the world rapidly evolves, technology is also advancing at an unprecedented pace, transforming a wide spectrum of industries and reshaping the way people live and work. Singapore, as a highly developed country, has been at the forefront of embracing innovation.
In Singapore, a highly developed country with a dynamic and competitive business landscape, technology plays a crucial role in driving businesses towards success and continuous growth.
NEX CorporateIT is a leader in IT outsourcing services for organizations interested in improving IT-enabled operations. We work to maintain and implement innovative solutions to companies' computer systems and networks in Singapore.
Following the rapid advancement in technology, the need for a strong IT system has emerged in today’s business world. To suffice the IT requirements of companies that do not possess the necessary resources, IT support services have started taking over the market.
IT outsourcing is a popular strategy followed by many businesses around the globe that do not have sufficient resources within their organizations. IT outsourcing means hiring IT experts from outside of an organization to carry out IT-related business operations.
The Monetary Authority of Singapore (MAS) revised the Technology Risk Management (MAS TRM) guidelines that set out risk management principles and favorable practices for financial institutions on January 18, 2021, eight years after the previous revision which was made in 2013.
If you are wondering what a private cloud server is, and how it differs from a public cloud, here’s the answer. At present, numerous types of organizations enjoy the benefits of cloud computing, and the hype swirls around the ones that are considering adopting cloud computing as well.
Technology has greatly helped to empower businesses and their processes. However, the increase of data and sharing has also made sensitive information more vulnerable to compromisation as well.