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FinTech firms have been at the forefront of business process automation, as today it is fairly common for both front- and back-office operations of a financial institution to be completely digitized. Operating within one of the heavily regulated industries, FinTech firms have also built systems to facilitate compliance with “Know Your Customer” (KYC) regulations, Basel III, the Comprehensive Capital Analysis and Review (CCAR), and other guidelines and regulations.

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