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Time to Get Rid of Big Paper
There’s only one thing standing in the way of banks who hope to embrace big data: Big Paper, also known as paper-based financial processes. About 50% of banks’ processes still rely on paper documentation.
If having a paperless office is impossible, what’s next for banking institutions in their efforts to waste less paper, lower expenses, better control security risks, and remain compliant with current regulations?
This brief white paper reveals how less paper can improve customer relationships, aid regulatory compliance with automated functions, and reduce fraud risk with electronic records. Featured topics include:
- Processing Big Paper to help meet PPA claims
- Transferring old records to the latest digital formats
- Digitizing information for regulatory compliance