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Consumer Trends That Are Affecting Your Financial Institution You Should Know About

Question: 
What future consumer trends are impacting Financial Institutions?
Answer: 

Customers are using more and more EFT transactions. With the growth of EFT transactions and identity theft, the burden placed by regulatory requirements is growing. Financial institutions need to implement solutions to automate their back offices to avoid regulatory deficiencies, reduce customer frustration, and reduce time consuming and expensive oversight.

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Digital Transformation for the Back Office

Vendor: 

FINBOA's end-to-end process automation eliminates the need to use paper forms and multiple systems that require manual rekeying of data to stay compliant. Manual processes increase the likelihood of regulatory deficiencies, customer frustration, and require time consuming and expensive oversight. The results are delivered via a Cloud offering that reduces time to value to 2 - 4 weeks and TCO by 40%. Time saved allows financial institutions to focus on revenue generation activities. Contact us at 281-503-1233 or marketing@finboa.com. For more information: https://www.finboa.com.

First published on 11/03/2019

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