Amerant Bank seeks big cost savings by outsourcing back-office work

While outsourcing by banks is not a new phenomenon, the deal between FIS and the USD7.5bn-asset Amerant appears to be unique in its scope. In an interview with American Banker, our Chief Revenue and Marketing Officer, Damian Burleigh, shares his views on Amerant Bank’s plans to outsource its back-office functions and explains why he expects to see several banks making similar moves.

Extract from the article: “In recent years, a growing number of banks have turned to Acuity for those lending support services, freeing up lenders to focus on business development. The unit at Acuity that provides those services has doubled in size over the past two years, adding 1,000 employees…It lets them focus on the value components of the business — capital, the price of capital, relationships — not on the internal machinery”