I am wondering how our Strong US based even SBA feel about their data being potentially viewed by off-shore folks. To me, this was a big uproar when it came to TikTok. So how can we as PUBLICLY TRADED IN US , allow offshore folks to have access to US Trust account, assets, etc. This is me saying THIS IS WRONG! I hope investors see this.
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@hy There is a HUGE risk given what is already going on in offshore originated cyber crimes on senior citizens in US.. Trust me they have access to all of your data and it easily 'slips' hands for a good amount of money..
I’m not really sure offshore is compatible with companies in general. Not a dig at the workers themselves, just that it’s inherently a model that pushes companies to cut costs, skimp on management so control over resources is terrible, and split access and responsibility to the point we here at Fiserv need to wait for offshore resources when critical systems are involved. You can have a client in the phone needing help with an issue and have to tell them the only guy that has the ability to help is in Pune and can’t be reached. Offshoring probably cut our expenses by a marginal amount, but it’s made our products/services significantly worse, increased our response time to internal and external queries longer, and hurt our reputation in the market.
Overseas entities have way to much visibility and control of the U.S. electronic banking system. They even have access to the Federal Reserve Bank items. Should not be!!!
That is monitored by the Fiserv Small Coffee Can Business Index. The SCCBI.
Put your money a coffee can and bury in the garden.
I am in my 20s How do I find place that doesn't use this place.
@OP Exactly! Touted 90% of all banking data in the hand of who?