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Welcome2Solutions Forum >> Main Forums >> General Discussion >> The Importance of Financial Services Technology
The Importance of Financial Services Technology
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cramerjohn004


Forum Regular

Join Date: 12.10.2021
Posts: 414

Posted: 10.19.2022 3:59:31

Arbitration has been gaining ground as the preferred method of dispute resolution in the financial services sector for years now and there is very little reason to think this trend will change. With the ongoing turmoil with government-funded programs such as Social Security, the continuing abandonment of old-style pensions and the resulting sharper focus on retirement and wealth-building, the financial services industry is itself experiencing a boom. The higher volume of clients and the larger volume of monies being managed inevitably brings a higher number of complaints and conflicts. The Financial Service Industry has found arbitration to be a superior choice to litigation for the same reasons as small business and individuals, and as a result arbitration is set to become even more common in the future.

The Benefits of Arbitration

The Financial Service ?????? Industry has found arbitration to be a better choice for three basic reasons:

Arbitration is Faster.

A recent international study has found that the average length of a civil trial is two and half years, while the average length of cases decided via arbitration is just 8.6 months. While there will always be exceptions to the rule, in general arbitration will always be a faster and more efficient solution.

https://hk.on.cc/hk/bkn/cnt/finance/20220902/bkn-20220902113048035-0902_00842_001.html

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raashiruth


Newbie

Join Date: 10.20.2022
Posts: 1

Posted: 10.20.2022 8:50:25

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Beginner

Join Date: 8.31.2022
Posts: 39

Posted: 10.20.2022 11:05:58

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