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Going “Paperless”

Question: 
What types of documents are banks digitizing in an effort to reduce paper?
Answer: 

Digitizing commercial loan and customer financial documents is a big first step toward reducing paper at a bank. In addition, many banks also implement systems to help reduce paper for: deposits, trusts, contracts, insurance, securities, wire transfers, HR, accounts payable, and other paper-heavy areas.

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Vendor: 

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First published on 11/08/2020

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