Future of Automation in Banking with Smart Reconciliation
Fss16 May, 2023Technology
Reconciliation is a crucial control function in financial services that aims to mitigate operational risk that can lead to fraud, fines, or even the failure of a whole firm. While automation was introduced to parts of the system in the early 2000s, innovation in this area has stalled, leaving operations reliant on manual processes and spreadsheets.
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