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Kearney, August 2023

In the face of high inflation and global economic uncertainty, the imperative to expedite cost savings has intensified. It is discussed how banks can strategically adapt to this landscape, emphasizing the need to swiftly reset supply contracts and manage costs independently of revenue growth.

The adoption of different approaches can enable banks to achieve significant savings, with the potential to optimize up to 10 to 15 percent of costs across various spending categories.

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