News & Insights
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News & Insights
How AI represents the next stage in digitalising the finance industry
With the significant advancement of technology, our lives have experienced considerable changes. By leveraging innovative technologies such as AI, ML and Big Data, we are transitioning into a new stage of innovation where industries worldwide are automating manual processes. This has made our lives similar and seamless, and the finance industry has also embraced this […]
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News & Insights
How automation can support the finance team in a business
Automation can support business and the success of the finance function. In terms of the responsibility of CFOs, there is further recognition of the need to integrate digital measures within finance. Many finance leaders, however, focus on strategic challenges while remaining predominantly reliant on traditional systems incapable of delivering the desired results. Any progress and […]
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News & Insights
New Deloitte and IMA survey suggests the majority are unprepared for the future of finance
A new survey of finance professionals found many are unprepared to meet the demands for more insights and information, despite ongoing significant transformation efforts already in place. The national survey from Deloitte’s Centre for Controllership and IMA (The Institute of Management Accountants) discovered that 76% of finance professionals confirm their controllership functions have started their […]
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News & Insights
New report suggests many finance teams lack the data and analytics capabilities they need
Data-driven finance has become a key priority for finance and accounting teams worldwide. However, a new study suggests that only 23% feel they have the data and analytics potential required to generate real-time insights and deliver the strategies needed for their business. The report, Behind Every Successful Enterprise, There is Data-Driven Finance explores over 200 […]
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News & Insights
Why data ethics must become mandatory in the finance industry
A few months ago, one of the most established banking businesses n the world – Lloyds Bank, confirmed it was joining the likes of Google and Uber by delivering a new role – Group Head of Data Ethics. The new position is mainly responsible for the moral and legal obligations for collecting, measuring and protecting […]
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News & Insights
The value of synthetic data in the finance industry
Recently the Financial Conduct Authority (FCA) explored the use of synthetic data in financial services. The plan, launched in March, focused on incumbents and startup companies and explored industry views on the potential for synthetic data to boost innovation in finance and the possible risks and limitations. Synthetic data refers to artificial data created via […]
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News & Insights
Discovering finance talent is a challenge for many major employers, according to Deloitte
Deloitte released new data that suggested over 82% of hiring managers for financial-based positions at public companies believe talent retention is a significant challenge, compared to 68% of hiring managers at private companies. The response from hiring managers at public companies also emphasised the efforts needed to attract and retain employees, while the findings were […]
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News & Insights
The new challenges of fraud and security in open banking
A report published by UK Finance has highlighted how cybercriminals have shifted their focus toward consumers and their personal and financial data. Losses to authorised push payment fraud, where a person makes a transfer to an insecure account, exceeded card fraud for the first time last year. UK Finance recorded a 71% increase in this […]
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News & Insights
The big-data challenges facing the finance industry
Big data is critical to the ongoing progression of financial services, but many businesses in the industry are failing to utilise its full potential of this industry. Many financial businesses have harnessed significant volumes of new data as a result of adopting digital technology, but most have barely begun to gain the full value from […]
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News & Insights
Transitioning from legacy IT and embracing the digital opportunities in finance
Digital transformation is empowering the finance industry to enhance business agility and prepare for future developments. In the recent Finance 2025: Digital Transformation in Finance report, Deloitte explained that automation, cloud-based and cognitive innovation are enabling finance businesses to transform and simplify activities. Automation will allow finance-related businesses to improve their costs by restructuring their […]
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News & Insights
How finance leaders are tackling the insight challenge
Terrance Wampler, the general manager of WorkDay, describes some of the biggest challenges in finance and how businesses can create added value. Data represents the core of modern businesses. The main goal for most is creating a reliable data source and utilising this information to improve performance. Achieving this is challenging, especially with the volume […]
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News & Insights
Opportunities for B2B SaaS: Moving from Embedded Payments To Embedded Finance
Payments provide a perfect entry point for software platforms into financial services. A relationship with payments creates data, trust and in most cases, further banking requirements. This provides the opportunity for software platforms to create a range of embedded finance options to increase their revenue, and improve the user experience and customer retention. Any software […]