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The stock market is a great place to be. Not so fast. In most cases, the market is overvalued. On the other hand, some banks believe the market is “undervalued.” So what’s the big deal? It’s just a perception. And it doesn’t have anything to do with the actual market. Supply-chain management is the process of managing a company’s supply chain to provide quality goods or services at a minimal cost.

Logistics in the banking sector will utilize technology to streamline operations, improve cost-efficiency and create a more efficient supply chain.

The main challenge is to make sure the technology is used correctly. It should be used to eliminate waste and achieve better results. It should not be used as a tool for cost-cutting or reducing service quality. Sparkasse Bank Malta is a great example of companies embracing technology and being very successful.

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Software vendors will gain more relevance in the banking industry, and there will be a lot of companies working on this, creating compelling products.

To use technology best, organizations need to work closely with vendors to provide the right fit. Sparkasse Bank Malta will continue working with vendors and creating partnerships to provide the best possible solutions. The banking sector continues to grow and evolve, and vendors will watch the market closely to see how the sector will adapt, but it’s already clear that the sector is ripe for change, with more and more banks getting involved in this space. Sparkasse Bank Malta uses AI to manage risks, both financial and reputational.

In summary, the banking industry needs to use technology correctly. We need to harness all the advantages technology offers without changing how we do things. However, this is not an easy task; it takes a lot of commitment and will require collaboration between companies, staff, and vendors. Nevertheless, many companies are now working hard on this, and they are seeing great results.

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