US bank saves $712,500 in risk and compliance fees

A commissioned study conducted by Forrester

A March 2017 Total Economic Impact™ (TEI) study conducted by Forrester Consulting on behalf of Galvanize uncovers the potential ROI for a HighBond user in the financial sector.

To better understand how the HighBond platform has impacted a real customer, Galvanize commissioned a third-party research company to conduct a study to measure the benefits, costs, and tangible value of the HighBond platform. Forrester Consulting found that a US-based international bank realized a number of financial and efficiency gains using the HighBond platform.

Key findings:

  • An ROI of 391% (over three years).
  • Up to $248,063 of new annual income attributed to improved decisions with better data visibility.
  • Ability to reallocate two full-time audit employees to under-resourced areas.
  • Annual resource and consulting savings of $532,000.
  • A 25% reduction in the time it takes to complete audits.

View the infographic for this study.

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