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Financial Transformation

The pace of evolution for many corporate finance and accounting functions is accelerating. The mandate of the CFO is expanding and the challenges they face accumulating. This blog is an exploration of these topics.

Retired Member

Retired Member 

Financial Crime Regulatory Complexity Due to Rocket in 2022

2021 has been a year of two halves – the first we were all dealing with life under lockdown. And the second half, supercharged with the vaccine programme, has seen life trying to get back to normal. But whatever the conditions, financial criminals have carried on regardless, capitalising on pandemic conditions and our increasing reliance on techno...

/regulation /crime

Gregg Early

Gregg Early Director of Market Engagement at Moven

New Generations Mean More Expectations from Banks and Credit Unions

An interesting article in Tearsheet discusses a recent CapitalOne study that shows how much concern there is for financial wellness within Gen Z. It’s a significant amount. Nearly 80% wish they were taught basic money skills at school. And 83% say they learn about finance from their families. Let’s put this in perspective. Gen Z are people that ar...

/retail /markets

Yahya Mohamed Mao

Yahya Mohamed Mao Head of Business Development & Marketing at Swiss GRC

AI is enabling digital transformation across the financial services industry

About half (53 percent) of financial service providers cited poor communication and project management as the biggest barriers to successful digital implementation. Lack of leadership and leadership vision was the biggest problem for a quarter of participants, especially in lower and middle market organizations (33%). The good news is that, despit...

/predictions

Abbie Crome

Abbie Crome Senior Marketing Executive at ieDigital

Digital transformation calls for engaged and educated leadership

I read with interest the recent Finextra article referencing Accenture’s survey, revealing that only 10% of all banks’ board directors, as well as 10% of CEOs, have any professional technology experience. Furthermore, the survey shows that one-third of banks still have no tech savvy directors sitting on the board. I was not surprised to read this,...

/people /retail

Kevin Rubin

Kevin Rubin Chief Financial Officer at Alteryx Inc.

Revolutionizing the finance department through the power of data science and automation

Over the past year, the pandemic required companies to quickly adapt to a new operating paradigm. But even before Covid, finance departments were facing growing challenges driven by ever increasing business and operational complexity. With the vaccine rollout continuing and allowing countries to lift pandemic-related restrictions, the world is sl...

/people

Olivier Novasque

Olivier Novasque Founder and CEO at Sidetrade

Three ways businesses can secure cash

One silver lining to the Covid-19 crisis is that organisations across the globe have prudently shifted their focus to secure cash. More than ever, the pressure is on to mitigate the effects of adverse economic conditions because contingency plans that were in place were simply not cutting it. For businesses to ride out the current economic clima...

/inclusion

Elliott Limb

Elliott Limb Chief Customer Officer at Mambu

Emerging from digital transformation fatigue, why ecosystem strategy is the way forward

Over the past decade, digital transformation has worked its way to the top of C-suite agendas. Though while it started out as a global business phenomenon, it quickly lost momentum. Buzzword or not, the rip and replace approach to digital transformation is now being seen for what it really is – strategy for delivering change that adds complexity a...

Mike Peplow

Mike Peplow CEO at Paynetics UK

How open banking is driving payments innovation

Banking has traditionally been an industry slow to change. Our very concept of a bank has, until the last decade or so, remained consistent with the big, high street providers that define how we think of banks and banking. Of course, the advent of digital payments and mobile banking quickly changed all that. But while we’re now used to banks as vir...

/payments

Retired Member

Retired Member 

2021 and the digital manifesto in Insurance

After a year of facing a global pandemic, an economic downturn and the continuation of typical industry headwinds like new competitors, talent wars, and regulatory pressures, Insurers are more focused than ever on the need for digital transformation in the finance department. But today’s business cases have evolved well beyond the 2 year – or even...

Luke Hinchliffe

Luke Hinchliffe Head of Marketing at Arachnys Information Services

7 Ways APIs Are Revolutionizing KYC and AML

Anyone working in a compliance role in financial services will appreciate the critical part that software plays in effective onboarding, due diligence and anti-money laundering investigations. As banks strive towards decreasing customer onboarding times, achieving perpetual KYC and enabling more efficient AML checks, they are realizing the potenti...

/regulation /crime