AS FINANCIAL INSTITUTIONS FACE DATA INUNDATING THEIR OPERATIONS, IT’S ESSENTIAL TO ACKNOWLEDGE THAT INFORMATION VOLUMES ARE EXPANDING EXPONENTIALLY AND BECOMING INCREASINGLY MORE DIVERSE IN NATURE. intelligence within these documents to create more personalized offerings based on trends and intelligence found within. Compliance and Quality Control: Retention policies can be configured based on a predefined criteria for each document class, ensuring document retention is according to institutional policy. Access controls and security groups also allow administrators to define user permissions and restrict access to sensitive documents, ensuring compliance with privacy regulations and improvements over manual tracking and traditional spreadsheets. As financial institutions face data inundating their operations, it’s essential to acknowledge that information volumes are expanding exponentially and becoming increasingly more diverse in nature. Having a robust ECM/EIM solution in place positions banks and credit unions to navigate the challenges of managing varying document types with ease and puts in a structured yet flexible framework that’s able to adapt to the ever-changing data landscape. With the right tools and strategies in place, institutions can harness their potential to drive innovation, insights and growth. FASTdocs, Alogent’s flagship enterprise content and information management suite, offers a tailored solution designed specifically for the demands of banks and credit unions, ensuring operational efficiency with limitless scalability. Scan the QR code to learn more. https://www.alogent.com/process-automation/fastdocs?utm_ campaign=ICBC%20Newsletter&utm_source=September%20 Newsletter&utm_medium=email&utm_content=fastdocs INDEPENDENT REPORT | 11
RkJQdWJsaXNoZXIy ODQxMjUw