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Financial firms, from Wall Street giants to boutique investmentbanks in Europe, have recognized its value. Streamlining Financial Processes: Processes like riskassessment or credit approvals can be streamlined, reducing wait times and improving service quality.
In a finance context, quality assurance could encompass regular audits of financialtransactions, comprehensive compliance training for employees, or the implementation of strict controls to prevent fraudulent activities. It's about creating a systematic approach to tasks to ensure consistency and eliminate potential errors.
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