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Nearly a third (28%) of financial services organisations say mistakes from manual processes are their biggest data reconciliation pain point amid the work-from-home drive, research shows
Nearly a third (28%) of financial services organisations say that mistakes from manual processes are their biggest data reconciliation pain points. This is according to research released today from data firm Duco and Financial Technologies Forum (FTF), exploring the experiences of reconciliation teams within the global financial services industry.
Error-riddled processes, which are harder to manage while people work from home, cause more headaches to reconciliation teams than a lack of operational data (19%), operational risk (15%), internal politics (11%), compliance (6%) and regulatory risk (3%).