In today’s fast-paced world, Information Technology has become a central element to the smooth running of any business operation. The banking sector, a pivotal industry in Lebanon’s economy boasting $85 billion in assets, is no stranger to the trend. Banks are increasingly allocating larger parts of their budget to IT departments. This has prompted some companies such as Capital Outsourcing to offer financial institutions tailor-made IT services. “Outsourcing has been proven to help businesses reduce their costs, maximize their resources, and operate more efficiently, thus allowing them to focus on their core competencies,” underlined Charbel Bouhabib, deputy general manager at Capital Outsourcing. The company offers to financial institutions flexible propositions, allowing them to choose from a number of services and solutions, while adapting them to the specific needs of each bank. Range of services According to Bouhabib, there are different types of IT outsourcing that can be provided to financial
