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Five benefits of IT automation for financial services

Globalization has increased the complexity of management and operations for financial service IT systems, due to competitive threats from new, nontraditional entrants to the market, the loosening of restrictions on cross-border capital flows, and the deregulation of domestic capital markets. Financial services institutions are embracing digital transformation to work smarter, better, and faster to maintain regulatory compliance, reduce risk, increase productivity, and exceed customer expectations.