Remove Automation Remove Operational Costs Remove Regulations
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5 Best Areas for Automation in Finance

Automation Anywhere

Reporting errors and/or delays can result in significant scrutiny from regulators and investors. Robotic Process Automation (RPA) has been driving greater efficiency, accuracy, and compliance in finance departments for several years. RPA can improve operational efficiency, timeliness, and accuracy by automating these manual steps.

Finance 145
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One of the Best Strategic Business Decisions: Outsourcing

Premier BPO

Outsourcing providers have also been impacted by such changes, with 59% 1 of Global Business Services looking to automate their processes with technological advancements like cloud and AI. These tools encompass a wide range of technologies requiring deep expertise in areas where your business is unlikely to have the team to accomplish this.

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

Everest Group

McKinsey estimates blockchain is expected to save around US$4 billion in cross-border payments and US$1 billion in retail bank operating costs and reduce regulatory fines by US$2-$3 billion and annual losses from fraud by US$7-$9 billion. This can save money on transaction processing, leading to lower operating costs.

Banking 246
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Identifying Automation Opportunities for Retail Banking

Automation Anywhere

Operations supporting each of these product lines such as loan fulfillment, underwriting, compliance, customer service, and collections could significantly benefit from automation since many of these processes are manual and document-intensive. These are the highest priority processes to automate. Ignore them.

Retail 98
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6 Ways to Improve Process Efficiency With Automation

Frevvo

However, these processes can become inefficient or redundant for various reasons — new industry regulations, increased market demands, changing customer expectations, etc. In this article, we’ll look at what process efficiency is and how using frevvo’s business process automation software can help improve your operations.

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Revolutionizing Risk: Exploring Actuarial Outsourcing in Insurance | Blog

Everest Group

Cost optimization: Actuarial outsourcing optimizes costs by using offshore resources and the specialized expertise of external partners. This fiscal advantage is significant in the insurance industry, where financial prudence is paramount. Outsourcing enables insurers to adapt their actuarial workforce to changing demands.

Insurance 162
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Navigating the Evolving Private Equity Landscape: Driving Value from Technology and Collaborative Ecosystems | Blog

Everest Group

Regulatory compliance – With stricter regulations, the due diligence required before making investments has become more complex and thorough. Sustainable operations and ESG compliance: Technology can play a pivotal role in monitoring and managing environmental impact and governance frameworks.