Higher volumes of sanction alerts, whether through spikes or through a new and unexpected sanctions program, can not only negatively affect your banking operations, but also your workforce. According to a recent survey of 200 BFSI executives, 78% considered seeking a new position in the last 12 months due to an increased workload from hiring/retention issues. Similarly, 77% of respondents had direct reports resign citing burn out.
While it is impossible to predict future scenarios that might strain your operations teams, there are solutions that enable banks and financial services organizations to cope with scale.
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