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Financial Services
The financial services sector has enjoyed several years of strong returns but is facing intensifying pressures from a new breed of shareholders, rising regulatory costs and increasingly demanding customers. At the same time, given the maturity of the market, the inherent growth is limited making the search for greater returns even more difficult.
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Managing Cash for Less Improving the Efficiency of Banks’ Cash Operations
Banks currently pay 80 percent of the bill to provide cash, and cashless payments are forcing up the cost per cash transaction. In response, there are three waves of cost reduction that banks around the world are taking to reduce their cash costs.
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