Automation in most finance functions has gone after low-hanging fruit A February 2022 survey of 155 finance executives revealed that 55 per cent of respondents are aiming for a touchless financial close by 2025, according to Gartner, Inc. “Most finance functions want to close faster, cheaper, and with fewer errors,”…
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Getting AI right in finance isn’t just about investing the most time or money. Four implementation behaviours are the most important in quickly delivering finance artificial intelligence (AI) initiatives that meet or exceed the expected impact and deliver critical finance and business outcomes, according to Gartner, Inc. “The use of…
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Firms Will Spend US$623 Billion on Technology Products and Services in 2022. Generative artificial intelligence (AI), autonomic systems and privacy-enhancing computation are three technology trends gaining traction in banking and investment services in 2022, according to Gartner. These trends will continue to grow over the next two to three years,…
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Questions surrounding assistance and protection Singapore bank customers. Monetary Authority Singapore requires financial institutions (FIs) to have robust systems and processes to ensure reliable delivery of services to their customers. In the event of a disruption, FIs are expected to restore the affected system as swiftly as possible and activate…
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Represents more than half of all ICT investment by 2024. The Monetary Authority of Singapore’s (MAS) Cyber Security Advisory Panel (CSAP) , comprising of experts in cyber security from around the world, provided insights on how MAS and financial institutions (FIs) can bolster their cyber defences. The Panel supported the…
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Sentiment towards digital currencies appears to be improving among finance leaders. A September 2021 survey of 251 CFOs and other finance leaders revealed that 47% intend to assess digital currencies for business in 2022, according to Gartner, Inc. A February poll centered on bitcoin adoption showed 84% of finance leaders said they…
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To accelerate supplier enrolment in supply chain finance programmes. Standard Chartered is partnering with Demica, a leading fintech specialising in working capital solutions, to transform access to the Bank’s supplier finance programmes, allowing easier enrolment for thousands of suppliers through an online portal while delivering a world-class experience for the…
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Open platform that accelerates collaboration and innovation in financial services. Finastra software provider for the financial sector and HCL Technologies has expanded their partnership to drive digital transformation across South Korea and Taiwan. As part of the engagement, HCL will use its next-generation digital transformation and service capabilities to bring…
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Several locations have a strong supply of the most sought-after shared services skills. Accounting experience is the most commonly sought-after competency for finance shared services, according to Gartner, Inc. A Gartner TalentNeuron™ analysis of job postings in the finance and accounting function between July 2020 and July 2021 revealed the…
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Increased disruption forecast. The financial services industry is poised to ramp up digital solutions to deal with increased customer inquiries, remote working and better data use to inform decision making, a Deloitte Access Economics survey of the industry reveals. The Deloitte Access Economics report – Embracing cloud transformation: Benefits for the financial…
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