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The Reason Behind the Boom in Software Development Outsourcing The software development outsourcing market is booming due to several critical factors: CTO Perspective CTOs play a crucial role in the decision to outsource software development.
Access to finance becomes tougher as lenders tighten their criteria, leaving businesses struggling to cover operationalcosts and invest in growth opportunities. Outsourcing is a strategic enabler for both, providing the flexibility required to swiftly adjust to market demands and operational needs.
Payments enterprisesfrom issuing and acquiring banks to PayTechs and card networksare increasingly looking to BPS providers as strategic partners to help them navigate complexity, tame operationalcosts, and power new revenue streams. As realtime payments grow in volume, mid and backoffice operations (e.g.,
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