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When the market is the globe, opportunities are limitless. But then so are the challenges. In a multi-country environment, banks are dealing with several simultaneous challenges, ranging from diverse consumer requirements to a wide array of regulations, from varied processes and fierce competition to disparate technologies. Banks can enjoy sustainable growth if they understand and address these requirements. Consolidation of the back office and standardization of products, processes and operations are the best bet if banks operate in a multi-country environment. They empower the bank with the agility, efficiency and cost advantage necessary to take on the world, and grow to achieve increased profitability.
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