Cost reduction

Costs may arise largely as follows:

Personnel from Sales, KYC, Onboarding, Credit, Trading, Tax, Legal/Negotiation, Operations. all other things being equal, you can address these costs as follows:

- Downgrading: reallocate work from more expensive units to cheaper ones. So, the negotiation process moves from legal to the documentation unit, to operations.
- Relocation: move work to a lower cost jurisdiction where a like-for-like personnel are cheaper: moving document management from London to Birmingham, Belfast, Madrid, Krakow, Cape Town or Bangalore.
- Outsourcing: Contract work out to third party service providers who may manage their own resources in lowercost jurisdictions

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