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Home | Blog | Is US An Ideal Option For Financial Services Call Center Outsourcing?

Is US An Ideal Option For Financial Services Call Center Outsourcing?

By Yelyna

Updated on June 4, 2024

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The Pros of Financial Services Call Center Outsourcing in the US

Outsourcing is often related to delegating tasks outside of local borders. However, outsourced call centers operate in the United States and offer fantastic customer service at competitive pricing. US-based call centers are the same as offshored call centers. But what pros might you want to consider before looking elsewhere?

Indeed, US call centers are rarely the least expensive option. This is when they are compared to foreign providers like India and the Philippine call center. However, a lot of organizations find that they are worth every penny. Call centers in the US offer all the benefits of an in-house team of employees—pretty much the same fundamentals for when you have an in-house team. Furthermore, US-based agents protect the brand from the stigma associated with outsourcing.

Around 3 million Americans are working as call center agents. They are like outsourcing to other countries. They also provide outbound and inbound services to any industry. These agents are often also members of the target audience. Because of this, they are being put at an advantage. They can effectively provide the customer care they hope to receive themselves.

What Our Financial Services Call Center Outsourcing Services Can Do

Banks and financial institutions are positioning themselves for growth and outsourcing insurance BPO services. They turn to offshore providers. They take advantage of the low-cost yet high-quality services. Investment banks have offshored or outsourced over 50 percent of their financial services. Furthermore, they are planning to offshore highly complex responsibilities.

Magellan Solutions, as a financial services call center outsourcing company, has a team consisting of practitioners with in-depth experience. They are being trained in risk-based, third-party management practices. Our employees will assist by providing the following tailored customer support services:

  • Assessment of the bank’s vendor management process
  • Design and development of target state operating model
  • Identification of business requirements for risk sensing and performance dashboards
  • Benchmarking
  • Third-party screening and assessments
  • Design and development of performance dashboards
  • Design and development of scorecard strategy
  • Design and development of cross-risk, third-party reporting
  • Contract compliance assessments and optimization
  • Ongoing consultation and support throughout the outsourcing life cycle
  • Analytics and visualization
  • Regulatory compliance

Magellan Solutions is the best customer service for financial services.

Outsourcing is perfect for any organization struggling to carry out processes. Cost and time used to be the primary reason for outsourcing functions. Some of these include payroll or logistics. But a surge in technological innovation. As a result, it gave us a wide range of new opportunities and reasons. We can do more for you. Outsource more significant and more critical treasury functions with us.

Magellan Solutions wants to:

  • Improve operational performance
  • Vastly improve speed
  • Reduce operational risk
  • Increase efficiency through better consolidating and centralizing functions.

Please do not force them to keep everything in-house. You could typically end up developing a series of vertically integrated silos. This may result in extensive duplication and redundancy across businesses and markets.

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