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Financial services are the backbone of an economy since it provides financing to all the sectors/industries existing in the economy. The management of the financial services is the most important aspect of the financial services industry because error in managing the process of financial services will affect the economic activities of the other industries. The environment in which financial services institutions operate is rapidly changing. Automation, e-commerce, outsourcing, globalisation, mergers and acquisitions, and a growing regulatory burden are creating conditions that put banking and business operations at greater risk. However, proper risk management strategy in place can mitigate the risk [...]
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