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How Digital Transformation Is Ushering In A New Era For Banking & Finance?

31 West

With some embracing the idea of outsourced IT help desk Services to third parties, it comes as no surprise that the banking and finance sector embrace the digital transformation. Although numerous industries have struggled to adapt to this digital revolution, banks and financial institutions have significantly invested in it.

Banking 130
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Identifying Automation Opportunities for Retail Banking

Automation Anywhere

The retail banking industry is faced with significant challenges to achieve optimal operational efficiency and profitability while providing the highest level of customer satisfaction. Retail banks offer a wide variety of products, including consumer loans, credit cards, and checking and savings accounts.

Retail 98
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5 Best Areas for Automation in Finance

Automation Anywhere

The primary objectives underlying all finance processes are efficiency, accuracy, timeliness, and regulatory compliance. Robotic Process Automation (RPA) has been driving greater efficiency, accuracy, and compliance in finance departments for several years.

Finance 145
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Down-to-Earth Reasons for Banks to Go for Cloud and Cloud Automation

Automation Anywhere

Look at banking industry websites today. In its article “ The cloud imperative for the banking industry, ” Accenture states cloud investment has grown strongly in recent years and is predicted to continue growing at 15 percent annually until 2022. The average bank has 58% of its workload in the cloud.

Banking 98
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The Future of Blockchain in Banking and Financial Services and FinTechs | Blog

Everest Group

Blockchain technology promises to transform banking, financial services, and FinTechs by enhancing the digital customer experience while lowering costs and reducing data risks in a secure environment. In recent years, blockchain adoption has increased in banking and financial services and the emerging FinTech industry.

Banking 98
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Top 5 Automation Use Cases for the Front Office

Automation Anywhere

For example, in an investment bank , the front-office departments consist of sales, investment banking, private equity, equity research trading, and wealth management. Why front-office automation? Speed and accuracy are vital for all these and other operations to service customers, but many of them are still handled manually.

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How Outsourcing Accounts Payable Boosts Financial Efficiency?

Magellan Solutions

Payment Automation Check or bank transfer payments to the client’s suppliers are handled on the client’s behalf by integrating with the client’s accounting system and automating the payment process for the client. Before entering into an agreement, ensure you’re on the same page.