News & Insights

Utilising AI to tackle rising financial crime

Pressure from regulators to eliminate money laundering and sanctions on Russia is accelerating plans for AI. Falling economic growth and rising interest rates are impacting business models and forcing some to rethink their hiring plans. Despite a surge in development, fintech isn’t immune from these impacts, but those specialising in AI monitoring for compliance on […]

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COP27: Big Data critical to climate resilience and food security

The global impact on food security is one of the major priorities at the COP27 climate summit. Recently the Commonwealth Secretary-General called on other leaders to collaborate and learn from each other to transform their future strategies. Patricia Scotland, the Commonwealth Secretary-General, emphasised that for countries to deliver a more productive and sustainable agricultural industry […]

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The power of automation on corporate strategy

A recent study by Harvard Business Review suggests companies expect finance teams to be more strategic, collaborative and automated. Increasingly, businesses are requested to provide financial details quickly and support leaders in achieving their goals. Finance professionals are, however, facing the pressures of daily administrative duties, which means fulfilling this strategic role is more challenging […]

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The vital role of the CFO

The responsibilities of the CFO in supporting business development have changed considerably in recent years. A report by McKinsey this year indicated that the role of a CFO is expanding rapidly. The responsibilities of a CFO have transformed to include critical business processes. In recent years, the position has shifted toward embracing broader responsibilities such […]

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How critical data visualisation is for the finance industry

Representing data using graphics like charts, animation and infographics are regarded as data visualisation. Visual displays and representing information in this manner help communicate complex data relationships and data-driven insights in a form that makes it simple to understand and determine a structured plan. The primary objective of data visualisation is to assist in recognising […]

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Digital innovation essential for financial inclusion

At the recent Sibos annual conference, digital innovation was pinpointed as very significant for financial inclusion. Sibos is an annual networking event delivered by Swift for the financial industry. Beginning as a seminar in 1978, the event has developed into a leading forum for the global financial community to explore and collaborate in areas of […]

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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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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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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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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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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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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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