Offshoring of Bank IT Jobs Looks Likely to Rise in 2009 - Ba

banktech.com — SIM's June survey of its 3,600 CTO/CIO members, one in six of whom are in financial services, asked participants how much of their IT budgets they planned to allocate to offshoring. "It's increasing from 4 percent to 5.6 percent," reports Luftman, "which is a big jump, considering it's been flat for about six years and was, in fact, down last year.