Cryptocurrency Q&A
What is silo in banking?
What is silo in banking?
Lorenzo
Fri Nov 15 2024
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5 answers
1288
I'm curious about the term 'silo' in the context of banking. Could someone explain what it means and how it applies to the banking industry?
5 answers
SamuraiCourageous
Sat Nov 16 2024
In such systems, there are inherent limitations that prevent the sharing of information.
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BlockchainVisionary
Sat Nov 16 2024
These limitations often arise due to technical or procedural barriers within the system.
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MountFujiVista
Sat Nov 16 2024
The phrase "organizational silo" denotes business units that function autonomously.
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EnchantedPulse
Sat Nov 16 2024
These divisions refrain from sharing information with other parts of the organization.
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AndrewMiller
Sat Nov 16 2024
The concept also pertains to enterprises with departments utilizing silo system applications.
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