2/4  BIS central bankers' speeches  Early this month, the 50th CSF was established in Cauayan City, Isabela and the 51st CSF will be launched in two (2) weeks in Batangas City. The program already covers 31 provinces and 19 cities nationwide.
It is but natural for banks to outsource their IT related activities including application development when the sector as a whole, is facing a shortage of skilled professionals. However outsourcing brings in its wake, several risks.