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Conceptual image of human error in FinTech

How to reduce human errors in FinTech with automation and precision

Automation and digitalization of processes seem to be standard in modern business today. Especially in innovative and strictly regulated markets like FinTech. But it turns out that even here, manual processes continue to create vulnerabilities that can lead to substantial financial losses, compliance violations, and damaged customer relationships. And in a moment, we’ll show you real-life examples of such disastrous errors.

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missing processes in fintech

How missing processes increase risk and block the development of FinTech companies

You have a brilliant idea that will revolutionize users’ financial lives, and you dream of joining the race in the FinTech market? There’s still plenty of room for innovative entrepreneurs. But even the best idea is just the tip of the iceberg. The foundation you need to focus on is operational processes. Without proper FinTech process documentation, you give up automation, lose control over operational costs and regulatory compliance, exposing yourself to serious business risk. This is one of the biggest threats to startups that often try their luck in FinTech services. But veterans are exposed to this risk as well.

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