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

American Banker | November 5, 2021

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”

Latest News

Monetary easing in China to spur green bond issuance as sales elsewhere falter

Read More
Energy Digital
EU proposes complete import ban on Russian oil

Read More
A-Team Insight
Vendor Strategy: Acuity Knowledge Partners Braces for Growth of ESG Business

Read More
city a.m
Kremlin pledges £181m in roubles to support sanctioned airlines

Read More
city a.m
Russia to resume flights with 52 ‘friendly’ countries

Read More
wiredfocus
Kremlin provides £919.3m for domestic aviation following West sanctions

Read More