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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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How to Reduce Software Development Costs: Proven Strategies for Cost Optimization

Groove Technology

Outsourcing has emerged as an effective solution, helping businesses save significantly on costs through access to cheap human resources, reducing operating costs and increasing work efficiency. According to a study by Deloitte, companies can save up to 60% of operating costs through outsourcing.

Software 130
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Dyanix & ScaleHub present: Harness the power of crowdsourcing to reduce costs and boost accuracy

ScaleHub

It often feels like scaling an operation comes at a high cost. Data means having an effective way to process that data and do so accurately to meet government and financial regulations. Harness the power of crowdsourcing and reduce operating costs while boosting data accuracy. But growth means more data.

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Stay Ahead of the Compliance Game: How Insurance Companies Can Meet Regulatory Requirements

Magellan Solutions

Stay Ahead of the Compliance Game: How Insurance Companies Can Meet Regulatory Requirements Nowadays, businesses should be up-to-date with the governing laws on data security. 5) REDUCED COSTS Outsourcing insurance compliance services lower operation costs.

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Battling Turnover, Attrition, And Minimum Wage Increases with Outsourcing

Premier BPO

Even if you hire the required talent somehow, the operational cost is steep because of the pending increased $15 minimum wage. As a reaction to Covid-19, many governments created specific financial plans similar to the stimulus relief packages by the US Govt. So, how do companies battle this dilemma?

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How digital assets reshape the post-trade landscape in capital markets

Capgemini

Smart contracts can automate the complex and labor-intensive tasks of post-trade operations, from compliance verification to dividend issuance and managing corporate actions. This automation potential may significantly reduce operational costs and curtail human error, streamlining the entire post-trade process.

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Your Guide to Business Process Automation (BPA)

Metasource

Implementing technology to streamline corporate operations is becoming increasingly popular. Many organizations have quickly joined the automation revolution to boost productivity, enhance customer service, reduce costs, and enable remote work. Reduce costs. What Departments Can You Streamline with BPA?