Kanbay CEO Highlights Growth of High-Value Offshore IT Services

Yahoo.com
Kanbay International, Inc. (Nasdaq: KBAY - News), a global IT services firm focused on the financial services industry, addressed the widening market for IT outsourcing and an evolution toward higher-value IT services at the UBS Software and IT Services Conference in New York, NY. During a panel session at the conference, held at the Four Seasons Hotel on May 24, 2005, Raymond Spencer, Chairman and Chief Executive Officer of Kanbay, described IT offshore outsourcing as becoming more generally accepted. Within the financial services sector, Spencer highlighted the insurance industry as one area that is increasingly using the help of global IT services to modernize highly complex processes such as claims processing, rate changes and policy and plan management. more...