FASB studies AI use in financial data analysis
CFO Dive
MARCH 3, 2023
The surge in use of conversational artificial intelligence has prompted scrutiny of the technology’s role in financial decisions.
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CFO Dive
MARCH 3, 2023
The surge in use of conversational artificial intelligence has prompted scrutiny of the technology’s role in financial decisions.
Simply Treasury
AUGUST 26, 2021
We all agree on the existence of a problem and a need, we all would like to implement it and "digitize" even more and automate, without knowing how or with which technology. You must start from the business needs and not from the technology. Technology is only a means to an end. This is where the problem lies.
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From Start to Scale: Driving Growth Through Seamless Payments Implementation
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CFO Dive
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AI analytics technology is turbocharging anti-fraud measures through its ability to process oceans of financial data.
From Start to Scale: Driving Growth Through Seamless Payments Implementation
The New Way CPAs are Delivering Value: Aligning Automation with Client Success
Profit in the Details: Rethinking Spend for Monumental Impact
Fall In Love With the Month-End Close
CFO News Room
DECEMBER 2, 2022
When Frances Lawrence was first brought in as Financial Director at software company FISCAL Technologies in 2019, the business was in real need of working capital to accelerate the growth curve. . Frances’ beginnings at FISCAL Technologies. The post Frances Lawrence, CFO, FISCAL Technologies appeared first on GENCFO.
PYMNTS
JULY 26, 2020
The announcement by the Consumer Financial Protection Bureau ( CFPB ) comes on the heels of a symposium it held in February which included experts from consumer groups, financial technology (FinTech) companies, trade groups, banks and data aggregators.
Bramasol
SEPTEMBER 29, 2023
This blog post provides an overview of these major waves of change based Bramasol's more than 27 years of working closely with CFOs and their stakeholders across many industry segments and technology innovation cycles. They are expected to provide financial leadership and insight into the organization's strategic direction.
Global Finance
JUNE 6, 2024
Africa And Middle East MNT-Halan MNT-Halan developed innovative technology that provides a digital solution for unbanked populations. Moody’s Research Assistant is an add-on to CreditView that combines genAI with Moody’s proprietary data. The resulting products have driven digital engagement, customer retention and market share.
E78 Partners
DECEMBER 12, 2024
The coming together of private equity and technology is redefining how organizations operate, innovate, and compete. For private equity backed firms, adopting cutting-edge technological solutions is not just an advantageits a necessity for maximizing efficiency, driving growth, and maintaining a competitive edge.
CFO Plans
AUGUST 2, 2024
In today’s rapidly evolving business landscape, the integration of technology into accounting practices has shifted from a luxury to a necessity. With the demands of modern businesses continuously growing, leveraging technology to streamline accounting processes is crucial for maintaining accuracy, efficiency, and competitiveness.
The Charity CFO
MAY 31, 2024
Luckily, modern accounting software and other bookkeeping technologies can help you keep up with day-to-day bookkeeping, reporting, and accounting tasks more efficiently. Efficient bookkeeping isn’t just about keeping records–it’s about building a solid foundation for your organization’s financial integrity and operational success.
Barry Ritholtz
JUNE 17, 2024
A quick break from book authorship to share a fascinating set of data and charts, via Sam Ro. In his weekly missive, Sam points to some amazing charts from Global Financial Data. They are based on historical data that looks at 200 Years of Market Concentration. You might be surprised at the findings.
PYMNTS
JANUARY 26, 2021
The financial institution (FI) revealed last week that it is working with Volante Technologies to accelerate its ISO 20022 adoption, leaving Citi to become Volante’s first banking customer to take a unified approach to its global migration to the messaging standard. HashCash Brings Blockchain Tech To Unnamed Bank.
E78 Partners
DECEMBER 12, 2024
The coming together of private equity and technology is redefining how organizations operate, innovate, and compete. For private equity backed firms, adopting cutting-edge technological solutions is not just an advantageits a necessity for maximizing efficiency, driving growth, and maintaining a competitive edge.
Future CFO
DECEMBER 29, 2024
Financial transformation has emerged as a critical imperative for organisations in 2024, driven by the need to adapt to rapidly changing economic conditions, technological advancements, and evolving business landscapes. Evolving role Historically, CFOs were the stewards of financial reporting and compliance.
Navigator SAP
MARCH 27, 2023
Fortunately, new and innovative technologies provide businesses with cutting-edge tools designed to accelerate, track and support their research processes and provide them with accurate project and financial data that they can use to improve their daily operations.
PYMNTS
DECEMBER 29, 2020
Consumer Bank Chief Digital Officer Mike Naggar said the FI aims to provide customers "a choice, convenience and control of their financial data. WEX Talks Bank Partnerships To Advance B2B Payments. Radius Bank Ramps Up SMB Services With Narmi.
The Finance Weekly
DECEMBER 30, 2021
For businesses, this might spell out the adoption of a new strategy, scheduling approach, or technology implementation. Technology implementation has been a popular course of action in recent years for many organizations. Moreover, how do you ensure data quality, security, and privacy as cybersecurity breaches stubbornly persist?
Global Finance
DECEMBER 27, 2024
New technologies promise vast increases in growth and efficiency. Disruptive technologies are not only reshaping the business landscape, but forcing CFOs to rapidly evolve their strategies and embrace innovation. For CFOs, they require balancing stability and transformation. CAGR to 2034. increase from last year.
Future CFO
JUNE 1, 2022
Rigid data silos have been replaced with more fluid methods of working as technology-enabled collaboration provides a comprehensive, company-wide, real-time overview for agility when plans change. Provide continuing education programs to build resilience and prevent resistance toward new technologies.
https://trustedcfosolutions.com/feed/
MARCH 22, 2023
The Tech Stack for Your Accounts Payable Technology has revolutionized how we do business, and accounting is no exception. You can track invoices, payments, and expenses in real time and securely access your financial data from anywhere. Optical Character Recognition (OCR) Technology. Electronic Payment Systems.
Simply Treasury
JUNE 3, 2021
It also aims at identifying challenges corporate treasurers of MNC’s are facing and technological innovations they intend to implement. Top three treasury priorities in the coming months: Technological innovations. The answers show a certain lucidity on the part of treasurers who seem realistic in their use of new technologies.
PYMNTS
MARCH 4, 2020
Enterprise cloud migrations have opened up the ability for smaller businesses to adopt ERP technology once reserved for the largest corporates. At the same time, a surge in third-party financial platforms has disrupted the flow of data into the ERP, disbursing information throughout the back office. Modernizing the ERP.
CFO Plans
NOVEMBER 25, 2024
No longer confined to traditional financial management, CFOs now play a pivotal role in safeguarding their organizations against increasingly sophisticated cyber threats. As stewards of financial data, CFOs must prioritize cybersecurity measures to ensure the security of sensitive information and maintain client trust.
Global Finance
OCTOBER 22, 2024
However, due to existing privacy laws and regulations, banks remain hesitant to share financial data. If data is shared, it is done via lateral agreements. From a technology perspective, relying on lateral agreements doesn’t scale well, and participation is entirely voluntary.
CFO Thought Leader
OCTOBER 2, 2024
LaPeer instinctively stepped in, simplifying the explanation of complex details and demonstrating her ability to distill intricate financial data while effectively reading the room. The head of finance for the acquired firm struggled to present the information clearly, while the new owners shifted uneasily in their seats.
PYMNTS
DECEMBER 14, 2020
Managing financial data across a vast array of platforms, including accounts payable, accounts receivable, accounting and ERP systems, creates a challenging environment in which to understand cash positions and forecast cash inflows and outflows. Many Moving Parts.
Future CFO
FEBRUARY 4, 2024
In addition, 88% of Singapore C-suite and finance leaders chose GenAI as one of the key technologies that will help strengthen business resilience in a survey we conducted with Censuswide last year. NP: Training AI models to understand and interpret complex financial data accurately requires dedicated time and resources.
PYMNTS
JUNE 24, 2020
Specifically, payments giants are buying up data aggregators, which let consumers share data with thousands of apps — and in the process are taking on the roles of trusted intermediaries as information flows across the financial services landscape. We’ll leverage expertise, and we’ll leverage technology.”.
CFO Talks
DECEMBER 5, 2024
Connect Financial Data to Human Behavior Numbers tell a story, but it’s curiosity that brings the story to life. Takeaway: Partner with HR, marketing, and operations teams to gain insights into the human side of your financial data. Takeaway: Regularly review “sacred cows” in the business.
Future CFO
JULY 21, 2024
It is why the accounting profession is in need to keep up with the technological trends and not be caught off guard by the hurdles on the way, fully understanding the weight and importance of upskilling and reskilling. This transformation is an intertwined act of two complimentary forces: Sustainability and Technology," Abrol explains.
The Finance Weekly
JANUARY 19, 2025
Traditionally, financial teams had to analyze large amounts of data to evaluate performance, predict trends, and plan for success. AI in financial planning uses important technologies like: Machine Learning (ML) - AI learns from data and makes better predictions over time. This isnt the future; its happening now.
Future CFO
DECEMBER 18, 2022
In the coming year, CFOs will be expected to focus on helping their companies build resilience – whether through critical decision-making backed by a real-time view of financial data, or ensuring competitive advantage with digital transformation and sustainability initiatives. Steering companies through the economic volatility ahead.
PYMNTS
NOVEMBER 17, 2020
Open banking lets third-party financial service companies to have access to a consumer’s banking transactions and other financial data from financial institutions (FIs). Revolut said its new open banking offer was developed with TrueLayer , a London-based financial technology (FinTech) company.
Future CFO
JULY 14, 2022
Extreme weather events could also disrupt operations, damage assets and lead to financial losses. Besides physical risks, companies also face transition risks from policy, technology and other socio-economic changes as the world shifts towards a low-carbon future. Technology enables ESG initiatives. Lee Bing Yi.
PYMNTS
JANUARY 14, 2020
Other regulations adding weight to financial service providers’ compliance burden include Europe’s PSD2 and the U.K.’s ’s Open Banking , which promote end-customer ownership of financial data and enable those customers to allow for banks to share their financial data with third-party service providers.
Future CFO
AUGUST 21, 2023
Mark D McDonald “Just like any disruptive technology throughout history, AI will inevitably displace and replace some roles and skills, but new roles, skills, and opportunities will also emerge." What level of maturity in terms of experience at work and in the use of technology should a finance person have for AI to make a difference?
CFO Talks
SEPTEMBER 28, 2024
To translate financial performance into actionable results, start by understanding the key drivers behind your financial data. Bridge the Gap with Strategic Investments One of the most effective ways to translate financial performance into results is through strategic investments.
PYMNTS
APRIL 8, 2020
As the nation’s traditional financial institutions struggle to cope, alternative lending platforms and other B2B FinTechs are exploring how to put their own technologies to good use. Bottomline Technologies. Biz2Ctredit said “existing partners” have already signed on to use the solution in the coming weeks.
PYMNTS
JUNE 26, 2020
Mastercard To Buy Financial Data Provider Finicity For $825M. has inked a deal to purchase financial data access company Finicity for $825 million. PYMNTS explores how N26 , however, is using cloud technology to bring about flexibility on its digital banking platform. Mastercard Inc.
Jedox Finance
SEPTEMBER 29, 2021
Creating cross-functional planning and analytical skills, extending the traditional scope of financial planning is known as xP&A. This term, set by Gartner, overlooks financial and non-financial business processes, data, and technology tools. Connecting the dots.
Global Finance
JULY 29, 2024
While artificial intelligence was already promising profound changes in the traditional banking business model, the latest innovation in the technology—generative AI—portends a multisensory revolution in banking services. Evolution Or Revolution? And there is also the question whether they are nimble enough.
Nerd's Eye View
NOVEMBER 29, 2023
As a result, tools have emerged that are designed to keep clients engaged in the financial planning process throughout the year, addressing the inefficiency and time burden of frequently updating the full financial plan itself.
Future CFO
AUGUST 1, 2023
The demand for mobile wallets, online banking services, and the increasing adoption of digital technologies has led to the expansion of the financial applications market in Asia/Pacific. Companies are increasingly seeking secure and compliant solutions to manage their financial data.
CFO Leadership
JANUARY 5, 2024
In a survey by FloQast, more than 60% of accountants reported that technology is more important to their job satisfaction today than it was two to three years ago, with 43% being “extremely likely” to ask about technology in a job interview. Making this a reality starts with accurate, real-time, and expansive financial data.
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