Briefing on IT investment and outsoucing hints as revamp

Royal Bank of Scotland Insurance (RBSI) is to replace its insurance claims management system as part of the possible $2bn dollar outsourcing and IT move to India, Reuters reports.

RBS may outsource back office and application development projects over five years to Indian outsourcers, including Tata Consultancy Services and Infosys the Economictimes.com reported.

It quotes a presentation to Bank of America-Merrill Lynch investors by RBS Chief Executive Stephen Hester.

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