Open Future Blog by Syone

Are you struggling to balance quality and cost-effectiveness in your business operations?  

The IT industry is evolving rapidly, with nearshore outsourcing emerging as a strategic solution. This approach combines geographical proximity, cultural alignment, and cost-effectiveness, making it increasingly attractive to businesses.

However, a startling statistic reveals that ineffective communications put 56% of every billion dollars spent on projects at risk, according to the Project Management Institute.

Many organizations struggle with cross-cultural collaboration, leading to misunderstandings and delays. Whether you're new to nearshore partnerships or looking to optimize existing ones, these expert insights will help you maximize your global teams' potential.

Are you ready to transform your nearshore collaborations into productivity powerhouses? Let's explore how.

If you’re a Fintech Startup in the Nordic region—including Sweden, Norway, Denmark, and Finland— you know that the landscape is dynamic and highly competitive.

As we witness the rise of digital banking, payment solutions, crypto, and other financial innovations, stay agile while navigating increasingly complex regulatory environments.

One critical regulatory framework is the European Banking Authority (EBA) outsourcing guidelines. Startups looking to outsource processes within the Euro Zone must ensure total compliance with these regulations if they don't want to risk heavy penalties and fines.

With financial institutions having to adapt to new regulatory frameworks, like the European Banking Authority (EBA) guidelines for outsourcing within the financial sector, the topic has gained traction as more and more financial institutions opt for it, especially in the Nordic region, which covers countries such as Sweden, Finland, Norway, and Denmark.

In this blog post, we’ll explore the meaning of EBA outsourcing, its importance, and how financial companies can comply with such guidelines to be compliant and efficient in their operations.

Nearshore and Outsourcing are two strategies that come up when we're talking about cost reductions or boosting operational efficiency. But what about sustainability?

As unlikely as it may sound, these practices can contribute to decreasing the carbon footprint of companies worldwide and become part of a broad-reaching strategy to promote sustainability.