Remove Operational Costs Remove Retail Remove Sourcing
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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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Financial Crime and Compliance (FCC) Operations Services PEAK Matrix® Assessment 2024

Everest Group

They are working to safeguard themselves from financial crimes while managing operational costs and enhancing delivery capabilities. The introduction of new regulations in the financial sector necessitates a dynamic regulatory compliance framework, posing a global management challenge for these institutions.

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The Sustainability Standoff: Industry Players, Regulators, and the Carbon Question of AI | Blog

Everest Group

But in a world where water scarcity is already an escalating crisis, the location of these data centers is just as important as their energy source. Gen AI models require vast amounts of water for cooling, ensuring that servers dont overheat while performing their computationally intensive tasks.

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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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Exploring South Africa’s CX Services Potential: Your Gateway to Exceptional Customer Experiences

Everest Group

With robust telecommunications and widespread internet connectivity, businesses can efficiently run contact center operations Impact sourcing focus: South Africa offers companies a chance to meet impact sourcing goals while remaining cost-effective.

Service 173
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Why India is the No. 1 Destination for Setting up a Retail GCC

Zinnov

This strategic move is set to bring key Finance processes like Source-to-Pay, Financial Planning and Analysis, Invoice-to-Cash, and Record-to-Report in-house to India. By doing so, Adidas aims to streamline its Supply Chain Management and Finance functions, complementing its operations in the US market. 1 Retail GCC Destination?

Retail 52
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How outsourcing is helping deliver retail and eCommerce success

Microsourcing

Few sectors ride the economic roller-coaster quite like the retail industry. From the impact of inflation and cost-of-living pressures to the rise of eCommerce and increasing global competition, CFOs and their fellow executives find themselves navigating unique challenges and doing their utmost to balance expenditure with quality.

Retail 52