Does Physical Mail Still Matters for Financial Services Compliance?? 📬 In financial services, staying compliant is crucial, but rising postage costs are a growing challenge. A small increase in postage—like 10 cents—can lead to millions in additional costs. For organizations sending millions of letters annually, these hikes, along with administrative overhead, can erode profits and create compliance risks. By embracing digital solutions, optimizing mail processes, and using automation, financial institutions can balance compliance with cost-efficiency and sustainability. Learn more now. (Link in the comments)👇 #FinancialServices #Compliance
Great point! While physical mail is still essential for compliance, the rising costs are a real challenge. Digital solutions and automation seem like the perfect way to streamline operations while maintaining compliance. Excited to learn more about how financial institutions can balance these factors!
Wow to think that so much money is still being spent on physical mail that rarely gets opened!! 🤔
https://www.lightico.com/blog/how-rising-postage-costs-impact-compliance-mailings-in-financial-services/