BeyondFS’ Post

View organization page for BeyondFS, graphic

1,657 followers

⏱ It’s easy to put things off. Like getting on top of your client data so you have a full understanding of your complete population. Easy to put off until it becomes a £ multimillion cost. Ask HSBC, who failed to identify which of their customer accounts were eligible for FSCS protection. Fined £57 million. At BeyondFS we’ve helped banking clients develop a full understanding of their client populations. They have saved £ millions by reducing the time needed to create comprehensive reports and carry out customer due diligence, and by plugging holes and patching up records to avoid fines and reputational damage caused by data non-compliance. #hsbc #banking #singlesourceoftruth

To view or add a comment, sign in

Explore topics