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Deepseek AI Takes Root In China’s Banks

Global Finance

Brokerages including Sinolink Securities, Industrial Securities, and GF Securities quickly followed suit. Bank of Jiangsu says the app is powering contract quality inspection and automatic reconciliation evaluations as well as the mining and analysis of massive amounts of financial data.

Banking 112
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Taking a strategic approach to AI adoption

Future CFO

New research from global data and cloud solutions company Hitachi Vantara found that while Asia is outpacing the world in AI adoption, poor data quality and security risks threaten to stall progress. The ability to process large datasets in real time has helped finance leaders identify trends and risks more efficiently," says Hardman.

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Bank Single Gateway for efficient connectivity

Simply Treasury

Automated bank connectivity through a single secure channel has become essential to reduce costs, facilitate on-boarding by banks, secure transactions, speed up and automate reconciliations and reduce staff workload. The approver receives an email alert and can connect to the secure payment tool. PROJECT OBJECTIVES.

Banking 147
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How Excel Spreadsheets Can Create a Data Security Risk for Businesses

Centage

The familiarity of spreadsheets and their ease of use mean many employees are happy to keep working with them, even though they may create serious security risks. Below, we’ll analyze Excel spreadsheets security problems that come with spreadsheets and how implementing software can be a more effective solution.

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Finance Teams: Stop Wasting Time on Manual Account Reconciliation & Automate

The Finance Weekly

Account reconciliation is the matching and validating of balances in the general ledger (GL) to internal and external sources or other independent calculations to accurately close month-ends and year-ends. Defining Account Reconciliation The basic steps involved in reconciliation transactions include the following: 1.

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Moving The Business Payments Focus From Price To Process

PYMNTS

“We’ve seen the acceleration [away from manual, paper-based back-office functions] due to employees working from home” and issues tied to security and battling potential fraud, Joiner said. We’re seeing increased costs to have security around the printing of checks, and what I’ll call ‘the old ways,’” said Joiner.

B2B 130
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Three Years On, Open Banking Broadens For Business Banking

PYMNTS

Doing so, the bank noted, will streamline and enhance a range of payment-related workflows, including sanctions screening, anti-money laundering (AML) checks, reporting and reconciliation. HashCash Brings Blockchain Tech To Unnamed Bank. to bring its blockchain-powered corporate trade financing technology into the entity.

Banking 142