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Financial Transformation

The pace of evolution for many corporate finance and accounting functions is accelerating. The mandate of the CFO is expanding and the challenges they face accumulating. This blog is an exploration of these topics.

Mike Peplow

Mike Peplow CEO at Paynetics UK

How open banking is driving payments innovation

Banking has traditionally been an industry slow to change. Our very concept of a bank has, until the last decade or so, remained consistent with the big, high street providers that define how we think of banks and banking. Of course, the advent of digital payments and mobile banking quickly changed all that. But while we’re now used to banks as vir...

/payments

Retired Member

Retired Member 

2021 and the digital manifesto in Insurance

After a year of facing a global pandemic, an economic downturn and the continuation of typical industry headwinds like new competitors, talent wars, and regulatory pressures, Insurers are more focused than ever on the need for digital transformation in the finance department. But today’s business cases have evolved well beyond the 2 year – or even...

Luke Hinchliffe

Luke Hinchliffe Head of Marketing at Arachnys Information Services

7 Ways APIs Are Revolutionizing KYC and AML

Anyone working in a compliance role in financial services will appreciate the critical part that software plays in effective onboarding, due diligence and anti-money laundering investigations. As banks strive towards decreasing customer onboarding times, achieving perpetual KYC and enabling more efficient AML checks, they are realizing the potenti...

/regulation /crime

Nikunj Gundaniya

Nikunj Gundaniya Product manager at Digipay.guru

What Is a Lockbox Payment?

Constant cash flow is the most significant aspect of every business. But depositing cheques is always a complicated task for small businesses. It can be painful for the businesses to go to the bank to deposit their cheques. What if you need to deposit your cheques after the banking hours? Here the lockbox payment comes into the picture. Now you ar...

/payments

François Lacas

François Lacas Deputy COO at Yooz UK

Has Covid-19 helped digitise finance departments?

From all the negativity 2020 has brought with it for finance departments, one silver lining could be the rapid and immediate digitalisation of financial functions, argues Magali Michel, Director at Yooz. The issue of paper statements and invoices stuffed into cardboard boxes in the corner of the office has dogged traditional, or old-fashioned, fina...

/payments

Keith Stanton

Keith Stanton International Product Manager (Fraud & Risk) at FIS

Covid 19 and the effects on Fraud Prevention - Part 1

2020 has been a challenging for many reasons – the global situation has changed the face many industries – perhaps forever. For many years, the payments industry has spoken about the replacement of cash as a means of payment. Indeed, the National Audit Office in the UK states that only 3 in every 10 transactions are now cash and had projected that...

/crime /covid-19

Peter Davidson

Peter Davidson Business Consultant at Self Employed

WHY IS COMPENSATION PLANNING INEVITABLE FOR COMPANIES POST COVID?

Being a human resource manager or a compensation professional, the exercise of doing a compensation planning every year is a tedious task. With companies keeping their merit increase budget same year-on-year, it has become a challenge to reward and engage the right employee, more so, when the economy has been hit the hardest with COVID. Sluggish g...

/covid-19

Adam Holden

Adam Holden Chief Executive Officer at NorthRow

The Future of Compliance: Digital Transformation Meets Regulation

Digital Transformation (DT), is nothing new; it’s an industry in itself that has become diluted to a point where it has virtually lost its meaning. However it represents a step-change in the speed at which customer user experience (UX) and service innovation is delivered by regulated businesses. This should be throughout the customer journey, from...

Peter Davidson

Peter Davidson Business Consultant at Self Employed

Increased Volatility in Financial Markets as COVID-19 Surges

Source: CBOE VIX Options Stock markets, futures markets, and general business sentiment have taken a pounding since the devastating coronavirus outbreak, more recently renamed COVID-19. After a semi-rally mid-week, stock markets have retraced and surrendered gains on the back of an avalanche of negative data vis-a-vis the latest virus from Hubei

/markets /covid-19

Niall Twomey

Niall Twomey Chief Technical Officer at Fenergo

KYC Utilities: The Second Coming, Learning from Past Failures

In the previous blog, I examined the current compliance challenge and how e-KYC utilities can solve the age-old challenges of collection, validation and processing of customer data and documentation. In this blog, I look at the KYC utility models of the past and the three key learnings we can take from these experiments for the second coming of e-...

/regulation

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