…This is because they have the systems and processes to accommodate cross-border payments. The cost of manual processes The cost of relying on inefficient processes for cross-border payments is…
…error and the likelihood of adjustments. The ease with which data can be deleted and edited harms data quality, validity, and integrity. 2. Regulatory breaches The cost of non-compliance is…
https://www.autorek.com/blogs/the-disadvantages-of-legacy-systems-in-banking/
…focus primarily on growth objectives – all while reducing operating costs and liberating staff from dull, repetitive data work. Furthermore, a commitment to internal education and regulatory compliance is paramount….
https://www.autorek.com/blogs/payments-persistent-challenges/
…operations? What are the common challenges affecting asset management operations? How to improve your asset management operations – in 2 steps What are the benefits of improving asset management operations?…
https://www.autorek.com/blogs/asset-management-operations-how-to-improve-your-processes/
…consequences have been costly. Penalties for non-compliance continue to rise. In 2020, the number of sanctions issued by national competent authorities (NCAs) quadrupled to a staggering 613 totalling €8.4m, up…
https://www.autorek.com/blogs/mifid-ii-why-three-way-reconciliations-are-key-to-avoiding-penalties/