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"How Financial Institutions can Leverage Technology for Competitive Advantage?"

7 Ways Financial Institutions can Leverage Technology for Competitive Advantage

White Paper: Trigent Software

In the present scenario, financial institutions are tired of the proliferation of technology innovations. Unless, financial institutions are ready to replace or transform their IT architecture, their challenges in the next decade will be daunting.

This whitepaper highlights the impact of technology failure and its crippling impact on a financial institution and how technology can help reduce risk, be more cost effective and provide strategic value.

Key takeaways from this whitepaper:

  • Defining the financial institutions’ key players and their challenges

  • How can financial institutions leverage technology for competitive advantage

  • Advanced Content Security and Data Loss Prevention

  • Key IT business drivers that the financial industry needs to focus on

7 Ways Financial Institutions can Leverage Technology for Competitive Advantage
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What is

What is accounting ?

In financial transactions of business— the systematic recording, reporting, and analysis are termed as accounting. It is a system that is used to measure business activities, process information and help aid in making relevant business-related decisions. Usually, accounting is referred to as the ‘language of business’, hence the better the understanding of language— better are the decisions made. The basic accounting terms include terms like revenues, liabilities, assets, expenses, balance sheet

What is QuickBooks ?

QuickBooks was designed by Inuit and the earliest version of this program was deployed in the year 2002 as QuickBooks Enterprise Solutions. It is a set of accounting software developed to help small and medium-sized businesses manage payrolls, sales, inventory and additional support for different typed of institutions. It features a different set of tools in its software to make the workload easier, such as marketing tools, training solutions, product and supplies, and other merchant services.

What is Fintech ?

Fintech stands for Financial Technology which is better understood as providing financial services by making use of software and modern technology. It was initially applied to consumer trade— financial institutions. By the end of the first decade of 21st century the term applies to any technological innovation in the financial sector.

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