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The Rise of Managed Services in the Financial Industry

Today’s businesses are under more pressure than ever before. It’s a careful balance of driving efficiency and maintaining customer satisfaction, all while functioning at peak performance.

Financial institutions are turning to managed services providers to help control cost, risk, and efficiency challenges. It’s a strategic way to better organize, operate, and safeguard their business practices.

Why Financial Businesses Need Managed Services

It is always challenging to find experienced personnel especially when there is an IT and cybersecurity talent shortage. By working with a Managed Services provider, you are  connected to experts in the industry and get the resources you require exactly when you need them. It allows you to scale up or down as you respond to every change in a business environment.

Managed Services Create a Partnership

Outsourcing has become an underutilized tool in many businesses. Yet working with a managed service provider can give you the skilled resources you need without the constraints of bringing on a new employee. While not all financial services organizations want to outsource their entire IT, they don’t have to. Often organizations choose to outsource a single aspect of their IT. You create a partnership with a resource that provides the right talent at the right time to solve your specific pain points. It allows you to thrive with the advice you need in real-time. You’ll win by having access to things like:

Advisory services

Every business can benefit from having a roadmap to lead the way. Cybersecurity Advisory Services help financial businesses understand their risk and liability. If you aren’t sure where to start when it comes to cybersecurity, this gives you your foundation.


Not every service should be in-house. You can increase your knowledge base exponentially by relying on a resource with a talent you can draw from. And, because managed services are provided via a cloud-based model, you can take advantage of scalability that you don’t have access to in a traditional in-house IT model.


It’s hard for financial institutions to employ top-notch cybersecurity experts when that isn’t their core business. Managed services give you access to top talent without bringing them on as employees. We have industry experts that hold over 120+ technical certifications. That’s talent you could never carry in-house.

Cost management

Technology is a difficult line item to budget for. You never know when you’ll face replacement costs or have unexpected technology issues. A managed services team provides greater cost predictability and can often help you save money in the long run.

How To Choose a Managed Service Provider

Outsourcing your technology to a managed service provider can help you transform your financial services company by aligning it with your needs. Turnover and lack of resources will never be an issue again.

To find the right managed service provider, look for proven experience that mirrors the business outlook for your institution. TPx brings more than 25 years of experience to the table.

Ensuring the managed service team you’re considering can fulfill the cybersecurity services you need to maintain compliance, TPx offers a full suite of cybersecurity services and solutions for a customized approach to your security.

This is more than hiring a third-party provider; it’s about creating a partnership that will last for years. They’ll ensure you meet regulatory and compliance goals every time without the added stress of wondering how they’ll get done. TPx is the expert at partnering up to help you achieve your goals.

How can we help you? Contact a TPx representative today to learn how we can partner with you.

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