How Managed IT Services is Gaining in the Financial Industry

A recent report suggests that the financial industry as a whole is making a shift toward managed IT services out of a need for predictable IT expenses and tighter IT security, among other factors.

The Near Future…

According to recent data, half of all financial institutions will be outsourcing some of their IT to Managed IT Services (MSPs) providers by 2016.

There are many beneficial reasons including:

Predictable IT costs: Instead of spending all their IT money upfront in infrastructure investments, financial firms want to spread their IT costs over time in predictable month-to-month expenses.

Better IT responsiveness: Working with managed services providers offers these companies a chance to be a bit more agile and flexible when it comes to IT investments.

Improved security: The financial industry is highly regulated, and managed services providers might be able to lend a hand with compliance, the report suggests.

Why businesses gravitate to Managed IT Services?

Financial services providers are not the only ones jumping on the outsourced IT trend, as small and medium-sized businesses of all kinds have become more aggressive in their pursuits of channel support, according to a recent report in Forbes.  52 percent of mid-sized companies experienced lower operational costs and streamlined IT management through the use of managed services.

Financial services is one industry where fear of the cloud and Managed IT Services exist however partnering with the right Managed IT Services (MSPs) partner results in a strong and secure partnership.


365 iT SOLUTIONS is a leading IT consulting firm in Toronto. We provide industry leading Managed IT ServicesIT Support ServicesIT Outsourcing ServicesTech Support Services and Cloud Services.

Take advantage of our Complimentary Network and Security Assessment by

Welcome to Worry-Free iT!

More News

Get a Free Network
Assessment (Value $1,997)

No Obligation. No Risk. Completely Free.