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Banks Are Facing an Automation Crisis - Why They’re Falling Behind
Many banks are failing to keep up with the pace of financial reporting automation, and it's costing them in terms of efficiency and compliance. Despite widespread recognition of the benefits, many institutions are hesitant to make the necessary investments. This inaction leaves them vulnerable to growing regulatory scrutiny and operational inefficiencies.
Jun 26, 2025
Mark Norman, Head of Content, Center for Financial Professionals
Tags:
Regulation and Compliance
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The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization
- Many banks are hesitant to adopt automation in financial reporting
- Manual processes
lead to inefficiencies and increased compliance risks
- Competing
investment priorities prevent banks from upgrading their systems
- Automation
offers a solution to improve reporting accuracy and efficiency
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