Nearshore Outsourcing Model

Financial institutions, especially investment banks, have an immense bill for information technology. Our clients must have cutting-edge software so they can compete, but this comes at a high cost, especially in New York and London.

As well as large software development costs, the problems for finance houses are compounded by the increasing difficulty in recruiting and retaining top quality talent - especially in years of relative economic prosperity, when all the competition are looking for the same thing. Outsourcing software development can help with both these cost and supply headaches.

The cost savings for the offshore model are being eroded as standards of living increase in countries such as India and China. Additionally offshore outsourcing requires significant overheads and can prove difficult for long-term development partnerships requiring close contact or a rapid project turnaround.

Scott Logic's Nearshore Model

Scott Logic’s nearshore model has numerous advantages:

Quality of its people

• Scott Logic only hires top quality, highly experienced, truly world-class programming talent.
• Scott Logic has a long and very successful track record of working in the financial technology sector. We can provide technical experts with deep understanding of even the most complex financial products.
• By nurturing the best candidates from local universities, a pipeline of talent is ensured for the future.

Culture

• We do not rotate consultants and will concentrate on building long-term team relationships.
• Scott Logic clients can be involved in the interview process for potential members of their team.
• Clients are more likely to build up trust and a long-term relationship with their dedicated Scott Logic teams in Newcastle and Edinburgh. Firstly because we allocate a Scott Logic project manager to each client project and secondly because of a lower staff turn-over in these two cities.

Location and time zone

• Most traditional offshore countries are asleep when New York opens but, being in the same time zone as London, Scott Logic is in the middle of the Asia and US time zones.
• Scott Logic can more easily handle complex, integrated development projects or intraday support requiring relatively high levels of communication with the client.

Scott Logic is primarily a software development company taking on capital markets development projects, such as building data analysis tools, prototyping/proof of concepts of technologies, building new or refactoring old trading systems and producing client pricing and risk reports. We have expert knowledge of the Fixed Income and Equities businesses, so can pick up existing business projects and concepts very quickly.