Study Data · Part 1 · Indicator Deep-Dive Analysis

The customer is shifting more work to their global capability centers

Indicator C068 · By Phil Hatch · Akholi · October 9, 2026

Indicator Specification

Table 1. Indicator specificationTable
FieldValue
Indicator codeC068
Question as askedThe customer is shifting more work to their global capability centers.
Failure categoryNot one of the 100 rated indicators
Place in the surveyCustomer Details > 3.2 Customer AI Strategy > Strategic Direction
Indicator classPerceived fact
Indicator typeDirectional, DIR
Response scale1 to 10, with no good or bad end
Answering base341 of 850 respondents, across 150 of 150 engagements
Non-answersI do not know 246, I prefer to not answer 0, blank 263

Summary of Findings

Table 2. Key results: association of the indicator with the four study measuresTable
MeasureFormnr95% CIp
Cancellation rateDescriptive contrast150 engagements0.540.42 to 0.65< 0.001
Customer satisfactionClean estimate94 engagements−0.66−0.76 to −0.53< 0.001
Engagement indicator meanFull150 engagements−0.76−0.82 to −0.68< 0.001
Intent to leaveRespondent level, clustered323 respondents0.630.54 to 0.71< 0.001

Higher ratings that the financial institution was shifting more work to its global capability centers came with weaker results on all four study measures. Engagements whose respondents rated the shift higher were canceled more often (r = 0.54, 95% CI 0.42 to 0.65, p < 0.001, n = 150 engagements). Higher ratings came with lower customer satisfaction on active engagements (r = −0.66, 95% CI −0.76 to −0.53, p < 0.001, n = 94 active engagements). Ratings fell as the engagement indicator mean rose (r = −0.76, 95% CI −0.82 to −0.68, p < 0.001, n = 150 engagements). Respondents who rated the shift higher reported higher intent to leave (r = 0.63, cluster bootstrap 95% CI 0.54 to 0.71, p < 0.001, n = 323 respondents). Ratings differed after Holm control by engagement status and lifecycle stage (Welch F 23.10, Holm p < 0.001, omega squared 0.288) and by respondent role (Welch F 12.06, Holm p < 0.001, omega squared 0.053).

Distribution of Ratings

Table 3. Distribution of ratings, respondent levelTable
AnswerRespondentsShare of answered (base 341)Cumulative shareEngagements with at least oneShare of 150 engagementsDistressed
141.17%1.17%42.67%Not applicable
251.47%2.64%53.33%Not applicable
3277.92%10.56%2416.00%Not applicable
43911.44%21.99%3221.33%Not applicable
56017.60%39.59%4530.00%Not applicable
65516.13%55.72%5033.33%Not applicable
76418.77%74.49%5335.33%Not applicable
84713.78%88.27%3825.33%Not applicable
9205.87%94.13%1711.33%Not applicable
10205.87%100.00%1610.67%Not applicable
I do not know246Not in baseNot in base12986.00%Not applicable
I prefer to not answer0Not in baseNot in base00.00%Not applicable
Answered, total341100.00%150100.00%
Table 4. Distribution of ratings, engagement levelTable
Engagement level summaryEngagementsMean of engagement meansSDMinMedianMaxEngagements with a distressed meanShare of engagements distressed
Engagement means, as recorded1506.11.81.06.010.0Not applicableNot applicable

The study set mean was 6.1 on 341 answering respondents, with a median of 6.0.

Descriptive Statistics by Segment

Table 5a. Descriptive statistics by segment, part 1 of 2Table
SegmentBaseAnsweredAnswer rateEngagementsMean95% CISD
Study set85034140.12% of 8501506.15.9 to 6.32.0
Outsourcing model
CXM2329340.09% of 232425.95.5 to 6.42.3
ITO2449338.11% of 244406.05.6 to 6.31.8
BPO2098942.58% of 209376.35.9 to 6.72.0
KPO1656640.00% of 165316.35.8 to 6.82.1
Institution type
Asset management1325239.39% of 132246.76.2 to 7.32.0
Wealth management and private banking1405337.86% of 140236.15.6 to 6.61.8
Investment banking (advisory and capital-markets origination)1054038.10% of 105196.05.3 to 6.72.1
Insurance (life, property and casualty, health)783342.31% of 78146.25.5 to 7.02.1
Commercial and business banking823542.68% of 82135.95.2 to 6.51.8
Payments and merchant acquiring (networks, acquiring, processing)713447.89% of 71135.85.1 to 6.41.8
Credit card and payments issuing733243.84% of 73125.95.3 to 6.61.9
Retail and consumer banking732432.88% of 73125.2†2.2
Markets and trading (sales and trading, global markets)571933.33% of 57116.3†1.9
Private equity and private capital391948.72% of 3996.8†2.6
Process family
Corporate and back-office functions2489237.10% of 248476.45.9 to 6.92.3
Technology engineering and operations2047938.73% of 204355.65.2 to 6.11.9
Client servicing and communications943537.23% of 94166.45.7 to 7.12.0
Trade, settlement and reconciliation803645.00% of 80156.45.8 to 7.11.9
Payments, cards and disputes733547.95% of 73125.34.7 to 5.91.7
Credit, underwriting and suitability572747.37% of 5796.0†1.9
Regulatory, audit, tax and legal511835.29% of 5196.4†2.1
Financial crime and client onboarding431944.19% of 4376.9†1.6
Class of work
LOB Operational45118641.24% of 451766.25.9 to 6.41.9
Corporate Functional39915538.85% of 399746.15.7 to 6.42.1
Engagement status and lifecycle stage
Active, Build-Out1757341.71% of 175315.45.0 to 5.91.9
Active, Transition/Cut-Over25010140.40% of 250435.65.3 to 6.01.8
Active, Production1034644.66% of 103205.14.6 to 5.71.9
Canceled32212137.58% of 322567.37.0 to 7.61.7
Respondent role
Individual Contributor66716023.99% of 6671076.56.2 to 6.82.0
Engagement Manager150150100.00% of 1501505.95.6 to 6.32.0
Portfolio Director313096.77% of 31304.84.2 to 5.51.7
Customer Management Executive211 of 21‡
Vendor type
IT services major31613141.46% of 316596.05.7 to 6.31.8
BPO specialist1988743.94% of 198376.66.1 to 7.02.2
Consulting firm1174235.90% of 117235.85.2 to 6.41.9
Boutique or specialist provider872528.74% of 87176.1†1.9
Pure-play agentic AI firm753648.00% of 75145.64.9 to 6.42.2
Not reported, recovered by engagement572035.09% of 57196.7†2.3
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported.
Table 5b. Descriptive statistics by segment, part 2 of 2Table
SegmentMinQ1MedianQ3MaxDistressed nDistressed %
Study set1.05.06.08.010.0Not applicableNot applicable
Outsourcing model
CXM1.04.06.07.010.0Not applicableNot applicable
ITO1.05.06.07.09.0Not applicableNot applicable
BPO3.05.06.07.010.0Not applicableNot applicable
KPO2.05.06.08.010.0Not applicableNot applicable
Institution type
Asset management2.05.06.08.010.0Not applicableNot applicable
Wealth management and private banking2.05.06.07.010.0Not applicableNot applicable
Investment banking (advisory and capital-markets origination)1.05.06.07.310.0Not applicableNot applicable
Insurance (life, property and casualty, health)1.04.07.08.010.0Not applicableNot applicable
Commercial and business banking3.05.06.07.010.0Not applicableNot applicable
Payments and merchant acquiring (networks, acquiring, processing)1.04.36.07.08.0Not applicableNot applicable
Credit card and payments issuing2.05.06.07.010.0Not applicableNot applicable
Retail and consumer banking1.04.05.06.310.0Not applicableNot applicable
Markets and trading (sales and trading, global markets)3.05.06.08.010.0Not applicableNot applicable
Private equity and private capital3.04.57.09.510.0Not applicableNot applicable
Process family
Corporate and back-office functions2.04.86.08.010.0Not applicableNot applicable
Technology engineering and operations1.04.06.07.09.0Not applicableNot applicable
Client servicing and communications1.06.07.07.510.0Not applicableNot applicable
Trade, settlement and reconciliation3.05.06.07.010.0Not applicableNot applicable
Payments, cards and disputes1.04.05.06.09.0Not applicableNot applicable
Credit, underwriting and suitability3.05.05.07.510.0Not applicableNot applicable
Regulatory, audit, tax and legal2.05.07.08.010.0Not applicableNot applicable
Financial crime and client onboarding3.06.07.08.09.0Not applicableNot applicable
Class of work
LOB Operational1.05.06.08.010.0Not applicableNot applicable
Corporate Functional1.04.06.07.510.0Not applicableNot applicable
Engagement status and lifecycle stage
Active, Build-Out1.04.05.07.010.0Not applicableNot applicable
Active, Transition/Cut-Over1.04.05.07.010.0Not applicableNot applicable
Active, Production1.04.05.06.010.0Not applicableNot applicable
Canceled1.06.07.08.010.0Not applicableNot applicable
Respondent role
Individual Contributor1.05.07.08.010.0Not applicableNot applicable
Engagement Manager1.05.06.07.010.0Not applicableNot applicable
Portfolio Director1.04.05.06.08.0Not applicableNot applicable
Customer Management Executive‡ n = 1
Vendor type
IT services major1.05.06.07.010.0Not applicableNot applicable
BPO specialist1.05.07.08.010.0Not applicableNot applicable
Consulting firm2.05.05.57.010.0Not applicableNot applicable
Boutique or specialist provider2.05.06.07.010.0Not applicableNot applicable
Pure-play agentic AI firm3.04.05.07.010.0Not applicableNot applicable
Not reported, recovered by engagement1.05.87.08.010.0Not applicableNot applicable
Note: ‡ Base under 10. No statistic is reported.

Figures are respondent level. Means are on the scale as recorded. A level under 30 prints no interval and a level under 10 prints counts only.

Tests of Difference Between Segments

Table 6a. Tests of difference between segments, part 1 of 2Table
Segment familyWelch FdfpHolm pOmega squared90% CI
Outsourcing model0.543, 78.70.6571.000−0.0090.000 to 0.035
Institution type1.068, 49.50.4051.0000.0140.000 to 0.095
Process family1.534, 40.20.2110.8450.0100.000 to 0.085
Class of work0.001, 147.50.9741.000−0.0070.000 to 0.000
Engagement status and lifecycle stage23.103, 59.3< 0.001< 0.0010.2880.194 to 0.384
Respondent role12.062, 85.4< 0.001< 0.0010.0530.022 to 0.101
Vendor type1.685, 85.90.1480.7390.0150.000 to 0.051
Table 6b. Tests of difference between segments, part 2 of 2Table
Segment familyKruskal-Wallis HpDistressed chi-squaredfpCramer’s VLevels left out
Outsourcing model1.250.741Not applicableNot applicableNone
Institution type9.540.299Not applicableNot applicablea
Process family5.190.268Not applicableNot applicableb
Class of work0.010.919Not applicableNot applicableNone
Engagement status and lifecycle stage48.12< 0.001Not applicableNot applicableNone
Respondent role18.44< 0.001Not applicableNot applicablec
Vendor type11.560.041Not applicableNot applicableNone
Note: a Private equity and private capital, n = 9. b Credit, underwriting and suitability, n = 9, Regulatory, audit, tax and legal, n = 9, Financial crime and client onboarding, n = 7. c Customer Management Executive, n = 1.

Engagement families were tested on engagement means, and respondent role and vendor type were tested on respondents. A distressed p marked exact is a Fisher exact test for a two by two table, and one marked simulated is a Monte Carlo test run until its p is stable to the third decimal, both used where an expected count is under 5. Engagement status and lifecycle stage differed after Holm control (Welch F 23.10, Holm p < 0.001, tested on engagement means). In Descriptive Statistics by Segment, Canceled had the highest mean, 7.3 (n = 121 respondents), and Active, Production the lowest, 5.1 (n = 46 respondents). Respondent role differed after Holm control (Welch F 12.06, Holm p < 0.001, tested on respondents). In Descriptive Statistics by Segment, Individual Contributor had the highest mean, 6.5 (n = 160 respondents), and Portfolio Director the lowest, 4.8 (n = 30 respondents). No difference held after Holm control for outsourcing model, institution type, process family, class of work and vendor type.

Association with Cancellation Rate

The share of engagements canceled on the study date, measured at engagement level (base 150 engagements, 56 canceled). The association is a descriptive contrast, inflated because canceled engagements were rated after cancellation, and is not predictive.

Table 7a. Association with cancellation rate by segment, part 1 of 2Table
SegmentEngagementsCanceledCancellation ratePoint-biserial r95% CIpHolm p
Study set1505637.33% of 1500.540.42 to 0.65< 0.001< 0.001
Outsourcing model
CXM421535.71% of 420.570.33 to 0.75< 0.0010.001
ITO401537.50% of 400.490.21 to 0.700.0010.017
BPO371437.84% of 370.550.27 to 0.74< 0.0010.007
KPO311238.71% of 310.580.28 to 0.77< 0.0010.009
Institution type
Asset management241354.17% of 240.67†< 0.0010.005
Wealth management and private banking23834.78% of 230.39†0.0680.273
Investment banking (advisory and capital-markets origination)19947.37% of 190.49†0.0340.171
Insurance (life, property and casualty, health)14535.71% of 140.61†0.0200.155
Commercial and business banking13430.77% of 130.64†0.0190.155
Payments and merchant acquiring (networks, acquiring, processing)13323.08% of 130.16†0.6050.605
Credit card and payments issuing12541.67% of 120.64†0.0250.155
Retail and consumer banking12433.33% of 120.79†0.0020.026
Markets and trading (sales and trading, global markets)11327.27% of 110.76†0.0070.077
Private equity and private capital922 of 9‡
Process family
Corporate and back-office functions471940.43% of 470.640.43 to 0.78< 0.001< 0.001
Technology engineering and operations351028.57% of 350.410.08 to 0.650.0160.155
Client servicing and communications16956.25% of 160.45†0.0790.273
Trade, settlement and reconciliation15853.33% of 150.61†0.0170.155
Payments, cards and disputes12216.67% of 120.49†0.1040.273
Credit, underwriting and suitability911 of 9‡
Regulatory, audit, tax and legal944 of 9‡
Financial crime and client onboarding733 of 7‡
Class of work
LOB Operational763039.47% of 760.520.33 to 0.66< 0.001< 0.001
Corporate Functional742635.14% of 740.570.40 to 0.71< 0.001< 0.001
Engagement status and lifecycle stage
Active, Build-Out3100.00% of 31Not computable, no variation in cancellation
Active, Transition/Cut-Over4300.00% of 43Not computable, no variation in cancellation
Active, Production2000.00% of 20Not computable, no variation in cancellation
Canceled5656100.00% of 56Not computable, no variation in cancellation
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported.
Table 7b. Association with cancellation rate by segment, part 2 of 2Table
SegmentOdds ratio per point95% CIAUCRate, distressed engagementsRate, other engagementsFisher pTOST p
Study set2.431.79 to 3.290.83Not applicableNot applicableNot applicable1.000
Outsourcing model
CXM2.221.35 to 3.630.85Not applicableNot applicableNot applicable0.984
ITO3.101.35 to 7.150.80Not applicableNot applicableNot applicable0.918
BPO2.421.33 to 4.420.83Not applicableNot applicableNot applicable0.963
KPO2.381.28 to 4.430.86Not applicableNot applicableNot applicable0.968
Institution type
Asset management3.51† n = 240.90Not applicableNot applicableNot applicable0.990
Wealth management and private banking1.97† n = 230.67Not applicableNot applicableNot applicable0.670
Investment banking (advisory and capital-markets origination)1.98† n = 190.81Not applicableNot applicableNot applicable0.814
Insurance (life, property and casualty, health)7.73† n = 140.92Not applicableNot applicableNot applicable0.910
Commercial and business banking5.18† n = 130.88Not applicableNot applicableNot applicable0.919
Payments and merchant acquiring (networks, acquiring, processing)1.29† n = 130.52Not applicableNot applicableNot applicable0.318
Credit card and payments issuing7.68† n = 120.87Not applicableNot applicableNot applicable0.910
Retail and consumer banking4.07† n = 120.98Not applicableNot applicableNot applicable0.989
Markets and trading (sales and trading, global markets)10.98† n = 111.00Not applicableNot applicableNot applicable0.973
Private equity and private capital‡ n = 9
Process family
Corporate and back-office functions2.501.52 to 4.130.89Not applicableNot applicableNot applicable0.998
Technology engineering and operations2.151.08 to 4.260.76Not applicableNot applicableNot applicable0.754
Client servicing and communications1.87† n = 160.76Not applicableNot applicableNot applicable0.738
Trade, settlement and reconciliation3.22† n = 150.88Not applicableNot applicableNot applicable0.914
Payments, cards and disputes3.24† n = 120.90Not applicableNot applicableNot applicable0.755
Credit, underwriting and suitability‡ n = 9
Regulatory, audit, tax and legal‡ n = 9
Financial crime and client onboarding‡ n = 7
Class of work
LOB Operational2.311.52 to 3.510.82Not applicableNot applicableNot applicable0.987
Corporate Functional2.581.64 to 4.070.85Not applicableNot applicableNot applicable0.998
Engagement status and lifecycle stage
Active, Build-OutNot computable, no variation in cancellation
Active, Transition/Cut-OverNot computable, no variation in cancellation
Active, ProductionNot computable, no variation in cancellation
CanceledNot computable, no variation in cancellation
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported.

The study set r was 0.54 (95% CI 0.42 to 0.65, Holm p < 0.001, n = 150 engagements). Of the 20 tested segment levels, 9 held after Holm control.

Association with Customer Satisfaction

The satisfaction score recorded against each engagement on a 100-point scale. The primary estimate uses the 94 active engagements. A descriptive contrast uses all 150 engagements.

Table 8a. Association with customer satisfaction by segment, part 1 of 2Table
SegmentActive engagementsClean r95% CIpHolm pSpearman rhop
Study set94−0.66−0.76 to −0.53< 0.001< 0.001−0.66< 0.001
Outsourcing model
CXM27−0.80†< 0.001< 0.001−0.78< 0.001
ITO25−0.64†< 0.0010.005−0.69< 0.001
BPO23−0.64†< 0.0010.007−0.630.001
KPO19−0.60†0.0060.032−0.690.001
Institution type
Asset management11−0.57†0.0650.130−0.460.155
Wealth management and private banking15−0.55†0.0340.101−0.590.022
Investment banking (advisory and capital-markets origination)10−0.18†0.6100.610−0.280.432
Insurance (life, property and casualty, health)9‡
Commercial and business banking9‡
Payments and merchant acquiring (networks, acquiring, processing)10−0.93†< 0.0010.001−0.840.003
Credit card and payments issuing7‡
Retail and consumer banking8‡
Markets and trading (sales and trading, global markets)8‡
Private equity and private capital7‡
Process family
Corporate and back-office functions28−0.65†< 0.0010.002−0.60< 0.001
Technology engineering and operations25−0.58†0.0020.014−0.600.002
Client servicing and communications7‡
Trade, settlement and reconciliation7‡
Payments, cards and disputes10−0.77†0.0090.036−0.590.070
Credit, underwriting and suitability8‡
Regulatory, audit, tax and legal5‡
Financial crime and client onboarding4‡
Class of work
LOB Operational46−0.71−0.83 to −0.53< 0.001< 0.001−0.68< 0.001
Corporate Functional48−0.60−0.76 to −0.39< 0.001< 0.001−0.62< 0.001
Engagement status and lifecycle stage
Active, Build-Out31−0.60−0.79 to −0.31< 0.0010.004−0.60< 0.001
Active, Transition/Cut-Over43−0.68−0.81 to −0.48< 0.001< 0.001−0.64< 0.001
Active, Production20−0.70†< 0.0010.005−0.680.001
Canceled0a
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported. a No clean estimate, canceled engagements fall outside the active population.
Table 8b. Association with customer satisfaction by segment, part 2 of 2Table
SegmentSlope, points per rating point95% CIR squaredTOST pAll engagementsDescriptive rp
Study set−4.60−5.66 to −3.530.441.000150−0.66< 0.001
Outsourcing model
CXM−5.45† n = 270.641.00042−0.74< 0.001
ITO−4.09† n = 250.410.98340−0.61< 0.001
BPO−4.50† n = 230.410.97837−0.63< 0.001
KPO−4.52† n = 190.360.93931−0.69< 0.001
Institution type
Asset management−3.75† n = 110.330.83524−0.69< 0.001
Wealth management and private banking−3.08† n = 150.300.85823−0.510.013
Investment banking (advisory and capital-markets origination)−1.23† n = 100.030.37219−0.510.024
Insurance (life, property and casualty, health)‡ n = 9
Commercial and business banking‡ n = 9
Payments and merchant acquiring (networks, acquiring, processing)−7.30† n = 100.861.00013−0.550.049
Credit card and payments issuing‡ n = 7
Retail and consumer banking‡ n = 8
Markets and trading (sales and trading, global markets)‡ n = 8
Private equity and private capital‡ n = 7
Process family
Corporate and back-office functions−4.88† n = 280.420.99047−0.74< 0.001
Technology engineering and operations−3.84† n = 250.340.95135−0.54< 0.001
Client servicing and communications‡ n = 7
Trade, settlement and reconciliation‡ n = 7
Payments, cards and disputes−6.41† n = 100.590.97012−0.710.009
Credit, underwriting and suitability‡ n = 8
Regulatory, audit, tax and legal‡ n = 5
Financial crime and client onboarding‡ n = 4
Class of work
LOB Operational−5.22−6.78 to −3.660.511.00076−0.66< 0.001
Corporate Functional−3.86−5.38 to −2.350.360.99574−0.67< 0.001
Engagement status and lifecycle stage
Active, Build-Out−3.60−5.43 to −1.770.360.97831−0.60< 0.001
Active, Transition/Cut-Over−5.16−6.91 to −3.410.461.00043−0.68< 0.001
Active, Production−4.63†0.490.98920−0.70< 0.001
Canceledno clean estimate, canceled engagements fall outside the active population
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported.

The study set r was −0.66 (95% CI −0.76 to −0.53, Holm p < 0.001, n = 94 engagements). Of the 16 tested segment levels, 13 held after Holm control.

Association with the Engagement Indicator Mean

The mean of an engagement’s 100 indicator ratings, measured at engagement level (base 150 engagements). Where this indicator is one of the 100, the mean is recomputed without it.

Table 9a. Association with the engagement indicator mean by segment, part 1 of 2Table
SegmentEngagementsLeave-one-out r95% CIpHolm pSpearman rhop
Study set150−0.76−0.82 to −0.68< 0.001< 0.001−0.75< 0.001
Outsourcing model
CXM42−0.84−0.91 to −0.72< 0.001< 0.001−0.83< 0.001
ITO40−0.66−0.81 to −0.44< 0.001< 0.001−0.60< 0.001
BPO37−0.67−0.81 to −0.44< 0.001< 0.001−0.67< 0.001
KPO31−0.77−0.89 to −0.58< 0.001< 0.001−0.79< 0.001
Institution type
Asset management24−0.81†< 0.001< 0.001−0.80< 0.001
Wealth management and private banking23−0.69†< 0.0010.002−0.620.001
Investment banking (advisory and capital-markets origination)19−0.59†0.0080.023−0.620.005
Insurance (life, property and casualty, health)14−0.91†< 0.001< 0.001−0.92< 0.001
Commercial and business banking13−0.87†< 0.0010.001−0.87< 0.001
Payments and merchant acquiring (networks, acquiring, processing)13−0.83†< 0.0010.003−0.650.017
Credit card and payments issuing12−0.72†0.0090.023−0.540.072
Retail and consumer banking12−0.73†0.0070.023−0.820.001
Markets and trading (sales and trading, global markets)11−0.84†0.0010.007−0.85< 0.001
Private equity and private capital9‡
Process family
Corporate and back-office functions47−0.79−0.88 to −0.65< 0.001< 0.001−0.81< 0.001
Technology engineering and operations35−0.62−0.79 to −0.36< 0.001< 0.001−0.57< 0.001
Client servicing and communications16−0.84†< 0.001< 0.001−0.81< 0.001
Trade, settlement and reconciliation15−0.76†0.0010.007−0.76< 0.001
Payments, cards and disputes12−0.82†0.0010.007−0.760.004
Credit, underwriting and suitability9‡
Regulatory, audit, tax and legal9‡
Financial crime and client onboarding7‡
Class of work
LOB Operational76−0.77−0.85 to −0.66< 0.001< 0.001−0.76< 0.001
Corporate Functional74−0.74−0.83 to −0.61< 0.001< 0.001−0.74< 0.001
Engagement status and lifecycle stage
Active, Build-Out31−0.62−0.80 to −0.34< 0.0010.002−0.67< 0.001
Active, Transition/Cut-Over43−0.70−0.83 to −0.51< 0.001< 0.001−0.68< 0.001
Active, Production20−0.80†< 0.001< 0.001−0.75< 0.001
Canceled56−0.36−0.57 to −0.110.0060.023−0.340.010
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported.
Table 9b. Association with the engagement indicator mean by segment, part 2 of 2Table
Segmentr with indicator includedChange in rSlope95% CIR squaredTOST pEquivalent
Study setNot a component−0.60−0.69 to −0.520.571.000No
Outsourcing model
CXMNot a component−0.63−0.76 to −0.500.711.000No
ITONot a component−0.54−0.75 to −0.340.440.998No
BPONot a component−0.51−0.70 to −0.310.440.998No
KPONot a component−0.69−0.90 to −0.470.601.000No
Institution type
Asset managementNot a component−0.63† n = 240.651.000No
Wealth management and private bankingNot a component−0.68† n = 230.480.992No
Investment banking (advisory and capital-markets origination)Not a component−0.37† n = 190.340.926No
Insurance (life, property and casualty, health)Not a component−0.62† n = 140.821.000No
Commercial and business bankingNot a component−0.80† n = 130.760.999No
Payments and merchant acquiring (networks, acquiring, processing)Not a component−0.82† n = 130.690.997No
Credit card and payments issuingNot a component−0.74† n = 120.510.961No
Retail and consumer bankingNot a component−0.56† n = 120.530.967No
Markets and trading (sales and trading, global markets)Not a component−0.74† n = 110.700.995No
Private equity and private capital‡ n = 9
Process family
Corporate and back-office functionsNot a component−0.61−0.75 to −0.470.621.000No
Technology engineering and operationsNot a component−0.50−0.73 to −0.270.380.990No
Client servicing and communicationsNot a component−0.68† n = 160.711.000No
Trade, settlement and reconciliationNot a component−0.61† n = 150.580.991No
Payments, cards and disputesNot a component−0.72† n = 120.680.995No
Credit, underwriting and suitability‡ n = 9
Regulatory, audit, tax and legal‡ n = 9
Financial crime and client onboarding‡ n = 7
Class of work
LOB OperationalNot a component−0.64−0.76 to −0.520.601.000No
Corporate FunctionalNot a component−0.57−0.69 to −0.450.541.000No
Engagement status and lifecycle stage
Active, Build-OutNot a component−0.41−0.61 to −0.210.380.985No
Active, Transition/Cut-OverNot a component−0.51−0.67 to −0.350.501.000No
Active, ProductionNot a component−0.62† n = 200.630.999No
CanceledNot a component−0.17−0.29 to −0.050.130.702No
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported.

The study set r was −0.76 (95% CI −0.82 to −0.68, Holm p < 0.001, n = 150 engagements). Of the 24 tested segment levels, 24 held after Holm control.

Association with Intent to Leave

The respondent’s stated likelihood of leaving the current job within 12 months, rated 1 to 10 (C019). Measured at respondent level on up to 798 respondents, with the engagement-level form reported alongside.

Table 10a. Association with intent to leave by segment, part 1 of 2Table
SegmentRespondentsr95% CICluster bootstrap 95% CIpHolm p
Study set3230.630.56 to 0.690.54 to 0.71< 0.001< 0.001
Outsourcing model
CXM850.610.46 to 0.730.41 to 0.78< 0.001< 0.001
ITO910.660.52 to 0.760.47 to 0.79< 0.001< 0.001
BPO830.600.44 to 0.720.43 to 0.74< 0.001< 0.001
KPO640.680.52 to 0.790.53 to 0.80< 0.001< 0.001
Institution type
Asset management490.610.39 to 0.760.36 to 0.80< 0.001< 0.001
Wealth management and private banking510.490.25 to 0.680.22 to 0.70< 0.0010.003
Investment banking (advisory and capital-markets origination)390.460.17 to 0.680.13 to 0.750.0030.024
Insurance (life, property and casualty, health)280.84††< 0.001< 0.001
Commercial and business banking320.570.27 to 0.770.34 to 0.74< 0.0010.007
Payments and merchant acquiring (networks, acquiring, processing)340.580.30 to 0.770.09 to 0.85< 0.0010.004
Credit card and payments issuing300.690.44 to 0.840.51 to 0.79< 0.001< 0.001
Retail and consumer banking220.85††< 0.001< 0.001
Markets and trading (sales and trading, global markets)190.73††< 0.0010.004
Private equity and private capital190.70††< 0.0010.008
Process family
Corporate and back-office functions840.670.53 to 0.770.52 to 0.79< 0.001< 0.001
Technology engineering and operations770.530.34 to 0.670.26 to 0.72< 0.001< 0.001
Client servicing and communications320.360.01 to 0.63−0.14 to 0.740.0450.226
Trade, settlement and reconciliation350.680.45 to 0.820.37 to 0.82< 0.001< 0.001
Payments, cards and disputes330.820.66 to 0.910.55 to 0.91< 0.001< 0.001
Credit, underwriting and suitability250.71††< 0.001< 0.001
Regulatory, audit, tax and legal180.66††0.0030.024
Financial crime and client onboarding190.44††0.0580.231
Class of work
LOB Operational1770.630.53 to 0.710.50 to 0.73< 0.001< 0.001
Corporate Functional1460.630.52 to 0.720.50 to 0.74< 0.001< 0.001
Engagement status and lifecycle stage
Active, Build-Out680.700.55 to 0.800.55 to 0.81< 0.001< 0.001
Active, Transition/Cut-Over1000.590.45 to 0.710.43 to 0.72< 0.001< 0.001
Active, Production430.530.27 to 0.710.15 to 0.76< 0.0010.004
Canceled1120.15−0.03 to 0.33−0.05 to 0.350.1080.324
Respondent role
Individual Contributor1420.620.51 to 0.710.49 to 0.73< 0.001< 0.001
Engagement Manager1500.700.61 to 0.770.61 to 0.77< 0.001< 0.001
Portfolio Director300.26−0.11 to 0.57−0.14 to 0.640.1580.324
Customer Management Executive1‡
Vendor type
IT services major1250.630.51 to 0.730.49 to 0.75< 0.001< 0.001
BPO specialist790.640.48 to 0.750.43 to 0.78< 0.001< 0.001
Consulting firm410.740.56 to 0.850.57 to 0.85< 0.001< 0.001
Boutique or specialist provider250.51††0.0100.057
Pure-play agentic AI firm350.670.43 to 0.820.40 to 0.85< 0.001< 0.001
Not reported, recovered by engagement180.29††0.2420.324
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported.
Table 10b. Association with intent to leave by segment, part 2 of 2Table
SegmentSpearman rhopShare at 7 or above, distressedShare at 7 or above, otherEngagementsEngagement level r95% CITOST p
Study set0.63< 0.001Not applicableNot applicable1500.680.58 to 0.761.000
Outsourcing model
CXM0.62< 0.001Not applicableNot applicable420.730.54 to 0.851.000
ITO0.63< 0.001Not applicableNot applicable400.660.44 to 0.810.998
BPO0.60< 0.001Not applicableNot applicable370.610.36 to 0.780.991
KPO0.69< 0.001Not applicableNot applicable310.730.51 to 0.861.000
Institution type
Asset management0.57< 0.001Not applicableNot applicable240.65†0.982
Wealth management and private banking0.53< 0.001Not applicableNot applicable230.49†0.851
Investment banking (advisory and capital-markets origination)0.490.001Not applicableNot applicable190.37†0.619
Insurance (life, property and casualty, health)0.82< 0.001Not applicableNot applicable140.89†1.000
Commercial and business banking0.59< 0.001Not applicableNot applicable130.69†0.956
Payments and merchant acquiring (networks, acquiring, processing)0.500.002Not applicableNot applicable130.62†0.903
Credit card and payments issuing0.70< 0.001Not applicableNot applicable120.77†0.984
Retail and consumer banking0.81< 0.001Not applicableNot applicable120.89†0.999
Markets and trading (sales and trading, global markets)0.70< 0.001Not applicableNot applicable110.88†0.999
Private equity and private capital0.690.001Not applicableNot applicable9‡‡
Process family
Corporate and back-office functions0.67< 0.001Not applicableNot applicable470.700.52 to 0.821.000
Technology engineering and operations0.50< 0.001Not applicableNot applicable350.540.25 to 0.740.949
Client servicing and communications0.140.434Not applicableNot applicable160.70†0.976
Trade, settlement and reconciliation0.73< 0.001Not applicableNot applicable150.67†0.960
Payments, cards and disputes0.83< 0.001Not applicableNot applicable120.83†0.996
Credit, underwriting and suitability0.70< 0.001Not applicableNot applicable9‡‡
Regulatory, audit, tax and legal0.660.003Not applicableNot applicable9‡‡
Financial crime and client onboarding0.370.117Not applicableNot applicable7‡‡
Class of work
LOB Operational0.64< 0.001Not applicableNot applicable760.690.55 to 0.791.000
Corporate Functional0.62< 0.001Not applicableNot applicable740.670.52 to 0.781.000
Engagement status and lifecycle stage
Active, Build-Out0.70< 0.001Not applicableNot applicable310.700.46 to 0.840.998
Active, Transition/Cut-Over0.58< 0.001Not applicableNot applicable430.610.37 to 0.770.993
Active, Production0.51< 0.001Not applicableNot applicable200.42†0.712
Canceled0.160.098Not applicableNot applicable560.13−0.14 to 0.380.095
Respondent role
Individual Contributor0.60< 0.001Not applicableNot applicable1020.620.48 to 0.721.000
Engagement Manager0.70< 0.001Not applicableNot applicable1500.700.61 to 0.771.000
Portfolio Director0.290.120Not applicableNot applicable300.26−0.11 to 0.570.421
Customer Management Executive‡ n = 1
Vendor type
IT services major0.61< 0.001Not applicableNot applicable590.670.49 to 0.791.000
BPO specialist0.60< 0.001Not applicableNot applicable370.710.50 to 0.841.000
Consulting firm0.74< 0.001Not applicableNot applicable230.74†0.998
Boutique or specialist provider0.420.038Not applicableNot applicable170.61†0.935
Pure-play agentic AI firm0.59< 0.001Not applicableNot applicable140.71†0.971
Not reported, recovered by engagement0.420.085Not applicableNot applicable170.31†0.518
Note: † Base under 30. No interval is reported. ‡ Base under 10. No statistic is reported.

The study set r was 0.63 (95% CI 0.56 to 0.69, Holm p < 0.001, n = 323 respondents). Of the 37 tested segment levels, 31 held after Holm control.

Comparison of Associations Across the Four Measures

Table 11. Associations across the four measuresTable
MeasureFormUnitnr95% CIpEquivalent to zeroRank among the four
Cancellation rateDescriptive contrastEngagement1500.540.42 to 0.65< 0.001No4
Customer satisfactionClean estimateEngagement94−0.66−0.76 to −0.53< 0.001No2
Engagement indicator meanFullEngagement150−0.76−0.82 to −0.68< 0.001No1
Intent to leaveRespondent level, clusteredRespondent3230.630.54 to 0.71< 0.001No3
Table 12. Pairwise comparison of associationsTable
Pair comparedDifference in rSteiger zpHolm pReading
Cancellation rate and customer satisfaction0.125.34< 0.001< 0.001Differ
Cancellation rate and engagement indicator mean0.214.90< 0.001< 0.001Differ
Cancellation rate and intent to leave0.133.220.0010.005Differ
Customer satisfaction and engagement indicator mean0.093.030.0020.007Differ
Customer satisfaction and intent to leave0.010.250.8060.806Do not differ
Engagement indicator mean and intent to leave−0.08−2.690.0070.014Differ

Pairs were compared on the engagement level form of every measure, each turned so that a higher value was the better outcome, on the 150 engagements where the indicator and all four measures existed. Of the 6 pairs, 5 differed after Holm control.

Clustering and Effective Sample Size

Table 13. Clustering and effective sample sizeTable
StatisticValueReading
Clusters (engagements)150Engagements with at least one answer.
Mean respondents per engagement2.3Answers per engagement with at least one answer.
ICC(1)0.53Share of variance between engagements.
Design effect1.671 plus (mean cluster size minus 1) times ICC.
Nominal respondent n341Respondents who answered.
Effective n204Nominal n divided by the design effect.
Cluster bootstrap appliedYesApplied to every respondent level CI where the ICC is 0.05 or above.

Clustering reduced the 341 respondent answers to about 204 independent answers. Respondent level intervals therefore used the cluster bootstrap, and respondent level tests on intent to leave used cluster-robust errors.

Equivalence Tests of Null Results

Table 14. Equivalence tests of null resultsTable
MeasurenrEquivalence boundTOST p, lowerTOST p, upperEquivalent to zeroAchieved powerMDE at power 0.80Detection floor for this n
Cancellation rate1500.54|r| < 0.30< 0.0011.000No0.960.230.23
Customer satisfaction94−0.66|r| < 0.301.000< 0.001No0.840.290.23
Engagement indicator mean150−0.76|r| < 0.301.000< 0.001No0.960.230.23
Intent to leave323, effective 1920.63|r| < 0.30< 0.0011.000No0.990.200.23

No measure showed a tested null. No result was inconclusive. The detection floor column is the study floor at 150 engagements. Intent to leave was tested on its effective n.

Robustness Checks

Table 15. Robustness checksTable
CheckMeasurePrimary rCheck r95% CIChangeConclusion holds
Rank correlation in place of PearsonCancellation rate0.540.56a0.02Yes
Rank correlation in place of PearsonCustomer satisfaction−0.66−0.66a0.00Yes
Rank correlation in place of PearsonEngagement indicator mean−0.76−0.75a0.01Yes
Rank correlation in place of PearsonIntent to leave0.630.63a0.00Yes
Non-answers excluded, then imputed at the engagement meanIntent to leave0.630.62a−0.01Yes
Active engagements onlyEngagement indicator mean−0.76−0.70−0.79 to −0.570.06Yes
Active engagements onlyIntent to leave0.630.610.52 to 0.69−0.02Yes
Most influential engagement removed (largest Cook’s distance)Cancellation rate0.540.560.44 to 0.660.02Yes
Most influential engagement removed (largest Cook’s distance)Customer satisfaction−0.66−0.67−0.77 to −0.55−0.01Yes
Most influential engagement removed (largest Cook’s distance)Engagement indicator mean−0.76−0.76−0.82 to −0.69−0.01Yes
Most influential engagement removed (largest Cook’s distance)Intent to leave0.630.640.57 to 0.700.01Yes
Engagements weighted by respondent countCancellation rate0.540.54a0.00Yes
Engagements weighted by respondent countCustomer satisfaction−0.66−0.66a0.00Yes
Engagements weighted by respondent countEngagement indicator mean−0.76−0.75a0.01Yes
Bootstrap of engagementsCancellation rate0.540.540.44 to 0.640.00Yes
Bootstrap of engagementsCustomer satisfaction−0.66−0.66−0.77 to −0.540.00Yes
Bootstrap of engagementsEngagement indicator mean−0.76−0.75−0.81 to −0.690.00Yes
Bootstrap of engagementsIntent to leave0.630.630.54 to 0.710.00Yes
Thin-base segments removedCancellation rate0.540.560.39 to 0.690.02Yes
Thin-base segments removedCustomer satisfaction−0.66−0.62−0.76 to −0.410.05Yes
Thin-base segments removedEngagement indicator mean−0.76−0.74−0.82 to −0.620.02Yes
Thin-base segments removedIntent to leave0.630.620.52 to 0.71−0.01Yes
Note: a No interval for this check.

Each change was computed before rounding, so it can differ by 0.01 from the difference of the two printed values.

Every check held. A check holds when its test lands on the same side of 0.05 as the primary test and, where the primary test is below 0.05, its r keeps the primary sign. Thin-base rule: engagements in any level under 30 engagements of outsourcing model or process family removed. Institution type is not used, because every one of its levels is under 30.

Measure Independence and Part-Whole Correction

Each of the four measures was computed from data this indicator does not contain, so each result is a finding rather than an arithmetic consequence.

Comparison with the Study Norm

Table 16. Comparison with the study normTable
MeasureThis indicator, oriented rStudy median, oriented rDeviationFisher zpHolm p
Cancellation rate−0.540.60−1.14−15.75< 0.001< 0.001
Customer satisfaction−0.660.72−1.38−20.70< 0.001< 0.001
Engagement indicator mean−0.760.84−1.59−26.60< 0.001< 0.001
Intent to leave−0.670.71−1.38−20.64< 0.001< 0.001
Spread of deviations0.45
VerdictDIVERGENT

Each deviation was computed before rounding, so it can differ by 0.01 from the difference of the two printed values.

The comparison ran on 150 engagements. The indicator departed from the study’s typical pattern on cancellation rate, customer satisfaction, engagement indicator mean and intent to leave.

Interpretation of the Data

Canceled engagements had the highest ratings of the shift (mean 7.3, n = 121 respondents), and Active, Production had the lowest (mean 5.1, n = 46 respondents). Individual Contributor respondents rated the shift higher (mean 6.5, n = 160 respondents) than Portfolio Director respondents did (mean 4.8, n = 30 respondents). The associations with the four study measures held under every robustness check run on this item (22 of 22 checks).

Limitations

The evidence is reported experience: what the delivery team said about its own engagement, gathered in one cross-section. The figures showed associations, not causes. Indicators about the financial institution were reported at second hand by vendor staff. Cancellation is a descriptive contrast, because canceled engagements were rated after they ended.

Tests across respondent role and vendor type were run at respondent level and treated respondents as independent. The section Clustering and Effective Sample Size states whether, and by how much, clustering within engagements reduced the information in respondent level figures.

Customer Management Executive answers were at anecdote strength (n = 1). Answers clustered within engagements, which reduced the effective number of independent answers (ICC 0.53, 341 answers worth about 204 independent answers).

Definitions

Table 17. DefinitionsTable
TermDefinition
Response scaleRatings run from 1 to 10 with no good or bad end. No distressed range is defined.
Answering baseRespondents who gave a rating from 1 to 10.
Non-answers“I do not know” and “I prefer to not answer” are counted separately and are excluded from the mean.
Indicator classPerceived fact: a state of the engagement as the respondent perceives it, so “I do not know” is counted and reported as an answer.
Failure categoryOne of the five failure categories of the Study Taxonomy, section 3. Only the 100 rated indicators carry one, and the indicator is not among them.
Engagement indicator meanThe mean of an engagement’s 100 indicator ratings.

Sources and Provenance

Table 18. Sources and provenanceTable
ItemValue
Study dataStudy Data.xlsx, Data sheet, column C068, sha256 219eba0457274d04
Statistics enginecompute_statistics.py, sha256 738319eef764602b
Statistics recordComputed Statistics.json, record C068, sha256 e405f65a43e37a6e
ComputedOctober 8, 2026, 01:38 UTC
TemplateIndicator Statistical Analysis Template, version 1.1 of 2026-10-06
Figures placed by script2,039 of 2,039

Continue the report

Executive summary →
Overview

Executive Summary

Four findings from 150 engagements

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Introduction

Introduction

Scope, evidence, and how the report is organized

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Part 1

Engagement Outcomes

Poor results on every measure, and what separates them

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Part 2

The Five Failure Categories

Where failure concentrates, category by category

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Part 3

Governance, Oversight, and Control

Controls that existed in name only

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Part 4

The Delivery Workforce

Early in their careers, dissatisfied, and many intending to leave

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Part 5

Manual Alteration

How the delivery team altered the work to sustain it

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Part 6

Executive Action Plan

Seven immediate actions and a first-year plan

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Appendices

Appendices

Definitions, indicator inventory, method, and disclosures

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Data

Study Data

Deep-dive analyses of the study indicators, published in stages

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