New finance solution to drive digital transformation

Phocas

Many finance teams with multiple entities and divisions can spend up to 40% of their time gathering data to prepare these static reports, rather than analyzing the data. Business Intelligence Basics Job Role - Finance Job Role - Executive Dynamic reporting data analytics

5 ways to reduce finance admin time with data analytics

Phocas

In the finance team, there is growing interest from the rest of the organization to provide more business advice, so there is a pressing need to adopt digital tools to automate processes, so instead of number crunching it can focus more on strategic tasks.

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How the finance team uses analytics to automate reporting

Phocas

By harnessing technology and implementing data analytics, the finance team automates its month end and statutory reporting which helps get to the source of the data faster and make clear decisions.

Empowering remote finance teams with the right tools

Phocas

For finance teams, the transition to remote work during COVID-19 has brought a mix of various opportunities and challenges. Since finance teams spend most of their time on their computers to create various reports, analyze and process data, remote work hasn’t created too many obstacles.

Up Your Analytics Game: How to Empower People to Take Action

Speaker: Tom Davenport, President’s Distinguished Professor of Information Technology and Management, Babson College

Join top-ranked analyst and bestselling author of Competing on Analytics, Tom Davenport, to learn how analytics technology provides Financial Services HR professionals with unique insights that create strategic value.

Key performance measures to track from finance data

Phocas

As finance plays a vital role in an organization’s critical decision-making, we’re going to take a look what KPIs to set. Finance data closes the time gap between customers’ demands and businesses’ response to them.

Attract and keep the best finance talent with financial analysis software

Phocas

There is a global shortage of finance talent. Yet there is also a growing push toward having a more modern finance team that can be ready for anything, can quickly share up-to-date numbers and coach others in the business about financial performance.

Telesat closer to financing satellite network after Canada investment

DataFloq

OTTAWA (Reuters) -Telesat took a major step toward financing its low earth orbit (LEO) satellite constellation that aims to provide high-speed broadband after Canada on Thursday said it would invest C$1.44 By Eva Mathews and Steve Scherer.

Analysing the Cryptocurrency of May 2021 | Python for Finance basics

Analytics Vidhya

The post Analysing the Cryptocurrency of May 2021 | Python for Finance basics appeared first on Analytics Vidhya. ArticleVideo Book This article was published as a part of the Data Science Blogathon Introduction Cryptocurrency serves as a digital asset and is a medium.

Ant's consumer finance unit to boost its capital to $4.7 billion

DataFloq

BEIJING (Reuters) - The consumer finance unit of China's Ant Group will boost the company's capital to 30 billion yuan ($4.71 billion) from 8 billion yuan, and introduce 4 new strategic investors, an exchange filing released on Friday said.

Analysis-Decentralised finance: Latest front in crypto's hacking problem

DataFloq

Within days of the heist, the decentralised finance (DeFi) platform said the "white hat" hacker or hackers had returned nearly all the loot. By Tom Wilson. LONDON (Reuters) - For most of the 13-year life of cryptocurrencies, exchanges were the epicentre for cyberheists.

Bajaj Finance Stock Price Prediction in Python

Analytics Vidhya

The post Bajaj Finance Stock Price Prediction in Python appeared first on Analytics Vidhya. Introduction The motivation behind This article comes from the combination of passion(about stock markets) and love for algorithms. Who doesn’t love to make money.

Benefits of Using Data Analytics in Equipment Financing

Smart Data Collective

Securing financing is a huge example. Data analytics technology is helping more companies get the financing that they need for a variety of purposes. One of the most important benefits of big data involves getting financing for new equipment.

Beyond the meme: finance gets serious on going viral

DataFloq

Rogers' new role, to transform Ledger into a consumer brand with viral potential, shows how young consumer finance companies are not only embracing the latest social media channels but also choosing executives and marketing strategies more often associated with lifestyle brands.

Expedite Trade Finance Transactions with Intelligent Automation

DataFloq

Hence banks get involved from either side to hedge off risk and take care of the financial transaction and goods exchange giving rise to a new branch in banking – Trade Finance. Intelligent Automation enables the transacting parties to expedite the entire Trade Finance process to the nth level.How does Intelligent Automation expedite Trade Finance?Intelligent Trade is a sign of a booming economy. It is executed between different geographies and time zones.

End to End Application of Data Science in Personal Finance: Mutual Funds Ranking

Analytics Vidhya

The post End to End Application of Data Science in Personal Finance: Mutual Funds Ranking appeared first on Analytics Vidhya. Beginner Machine Learning Python Structured Data Supervised blogathon Personal Finance

SoftBank Group restarts dividend as finances stabilise

DataFloq

TOKYO (Reuters) - SoftBank Group Corp said on Friday it would pay an interim dividend of 22 yen per share for the current year, the same as the previous fiscal year, after a series of massive asset sales stabilised the group's finances. By Sam Nussey.

China's Baidu appoints Luo Rong as finance chief

DataFloq

BEIJING (Reuters) - China's search engine giant Baidu said on Monday that it named Luo Rong, former chief financial officer (CFO) of tutoring firm TAL Education Group, as its new CFO.

Banks beware, outsiders are cracking the code for finance

DataFloq

So-called embedded finance - a fancy term for companies integrating software to offer financial services - means Amazon can let customers "buy now pay later" when they check out and Mercedes drivers can get their cars to pay for their fuel. By Anna Irrera and Iain Withers.

How Big Data Impacts The Finance And Banking Industries

Smart Data Collective

Typically, this approach is essential, especially for the banking and finance sector in today’s world. Right now, Big Data tools are continuously being incorporated in the finance and banking sector.

Blockchain: The Fall of Traditional Centralized Systems in Business & Finance

Smart Data Collective

One of the biggest industries that has been affected has been finance. The change that seems most prevailing in terms of technological advancement is in business and finance to kickstart this revolution. The most prominent advancements being business and finance.

Turkey adds crypto firms to money laundering, terror financing rules

DataFloq

ISTANBUL (Reuters) - Turkey added cryptocurrency trading platforms to the list of firms covered by anti-money laundering and terrorism financing regulation, it said in a presidential decree published early on Saturday.

Cyber threats top agenda at White House meeting with Big Tech, finance executives

DataFloq

WASHINGTON (Reuters) - The White House will ask Big Tech, the finance industry and key infrastructure companies to do more to tackle the growing cybersecurity threat to the U.S.

Token Financing: How Tokenization Will Change the Economy

DataFloq

Token financing has the opportunity to change the world economy drastically. Security tokens will enable organisations to bring real-world assets online, and decentralised finance (DeFi) aims to replace all existing financial services by decentralised solutions. .

Will Finance Become 100% Digitalized?

Jedox

We have been talking about a digital transformation in Finance for ages. More importantly, how will the finance function look afterwards? The second idea is riskier because pieces of the finance function will be continually moving to a better digital platform.

G7 finance officials back need to regulate digital currencies: Treasury

DataFloq

WASHINGTON/BERLIN (Reuters) - Finance ministers and central bankers from the Group of Seven (G7) advanced economies strongly supported the need to regulate digital currencies, the U.S. By Andrea Shalal and Christian Kraemer.

JPMorgan to back KKR's 45 billion euro financing in TIM deal -paper

DataFloq

fund KKR's proposal to buy Telecom Italia (TIM) includes a letter of commitment by JPMorgan to support the 45 billion euros ($51 billion) financing needed for the deal, Italian daily Il Messaggero reported. MILAN (Reuters) - U.S.

How Your Finance Team Can Lead Your Enterprise Data Transformation

Alation

Because of the criticality of the data they deal with, we think that finance teams should lead the enterprise adoption of data and analytics solutions. Recent articles extol the benefits of supercharging analytics for finance departments 1.

Download Financial Dataset Using Yahoo Finance in Python | A Complete Guide

Analytics Vidhya

The post Download Financial Dataset Using Yahoo Finance in Python | A Complete Guide appeared first on Analytics Vidhya. ArticleVideo Book This article was published as a part of the Data Science Blogathon Introduction The article aims to empower you to create your projects.

Exclusive: Lucid Motors nears SPAC deal as Klein launches financing - sources

DataFloq

By Joshua Franklin and Anirban Sen.

Is 2022 the Year for Finance Transformation

Insight Software

As businesses struggle to keep up with the pace of change, finance teams have an opportunity to play a leading role in developing and maintaining a positive trajectory for their businesses. Finance transformation is ultimately about competitive advantage.

Facebook set to finance regional Australia newspaper fund

DataFloq

SYDNEY (Reuters) - Facebook Inc will provide money for an "innovation fund" for 170 regional Australian newspapers as part of a planned licensing deal, the parties said on Friday, calling the move a show of co-operation between the social media giant and local publishers.

How Decentralised Finance Will Change the World's Economy

DataFloq

Two of the most exciting applications are supply chain and finance. Decentralised Finance (DeFi) will make a game-changing impact on the world in dozens of different economic dimensions. What is Decentralised Finance?

Exclusive: Personal finance startup NerdWallet files for U.S. IPO - sources

DataFloq

By Anirban Sen and David French. Reuters) - NerdWallet Inc, the owner of the eponymous consumer financial advice website, has confidentially submitted paperwork to U.S. regulators for an initial public offering (IPO), people familiar with the matter said on Friday.

G7 finance leaders lay out guidelines for central bank digital currencies

DataFloq

Any central bank digital currency (CBDC) should be grounded in long-standing public commitments to transparency, rule of law and sound economic governance," the G7 finance leaders said in a.

4 steps to digitize the finance office

Phocas

business intelligence basics finance executive financial statements dynamic reporting data analytics budgeting and forecastingWe all know that digital transformation is more than just a buzzword.

El Salvador bitcoin move opens banks to money laundering, terrorism financing risks -Fitch

DataFloq

(Reuters) - El Salvador's law making bitcoin legal tender means banks face higher risks, including of violating rules against money laundering and terrorism financing, rating agency Fitch said in a report on Friday.

EV maker Xpeng plans new plant with local government financing

DataFloq

BEIJING (Reuters) - Electric vehicle maker Xpeng Inc said on Monday it would start building a new car plant in China's southern city of Guangzhou with 4 billion yuan ($590 million) in financing from the local government.

RPA? ?in? ?Banking? ?and? ?Finance? ?Industry:? ?The? ?Use? ?Cases? ?and? ?Benefits? ?

DataFloq

Banks and financial service providers are no exception.Banking and financial service organizations have started evaluating the value of RPA tools with pilots in the areas of operations and finance due to their repetitive, time-consuming, and logic-driven tasks.

Canada finance minister says G7 deal on tech tax is 'within reach'

DataFloq

OTTAWA (Reuters) -Canadian Finance Minister Chrystia Freeland said on Wednesday a multilateral agreement on the taxation of tech giants was "within reach" and it should go hand in hand with a deal on a global minimum corporate tax rate.

Is 2019 The Year Finance Discovers Blockchain?

DataFloq

It’s increasingly becoming clear that 2018 could very well be the year that finance discovers blockchain in a meaningful way for the first time, which could usher in a new era for this burgeoning digital technology. Here’s why financial institutions and the finance sector are gradually beginning to warm up to blockchain, and what that means for this technology going forward.

China's Ant Group plans consumer finance firm in growth push ahead of IPO

DataFloq

HONG KONG (Reuters) - Ant Group, Alibaba's fintech arm and China's dominant mobile payments company, plans to set up a consumer finance firm in the southwestern city of Chongqing, expanding its presence in the fast-growing domestic business, two sources told Reuters. By Julie Zhu.

How to Get Started With Algorithmic Finance

KDnuggets

Algorithmic finance has been around for decades as a money-making tool, and it's not magic. 2020 Jan Tutorials, Overviews Algorithms Finance Hedge fund Investment Time SeriesLearn about some practical strategies along with and introduction to code you can use to get started.