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

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.

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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.

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.

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.

Financial Statement Reporting Software: A friend for your finance team

Phocas

Finance teams have been opposing the arrival of Financial Statement Reporting Software for a simple reason — many assume that it will put you out of a job. Business Intelligence Basics Job Role - Finance Job Role - Executive Financial Statements Dynamic reporting

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.

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.

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

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.

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.

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.

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.

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.

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.

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 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.

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.

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.

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. .

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.

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 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.

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?

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.

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.

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

DataFloq

By Joshua Franklin and Anirban Sen.

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.

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.

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.

Data: The Crumbling Foundation of Finance, Our Once Trusted Advisor

Teradata

The most frequently asked question of Finance departments today is, ‘whose data do we trust’? Here’s how to ensure Finance always has the correct answer

Bring your profit and loss statement to life and react faster to emerging trends

Phocas

business intelligence basics finance decision-making dynamic reportingDemand from branch managers through to board members for up-to-date accurate financial information has made monthly performance and cash-flow predictions unfit for purpose.

How Can Finance Functions Become Analytics Leaders?

Jet Global

Analytics in the finance function has been top of mind for CFOs for many years. A newly released FSN survey, “The Future of Analytics in the Finance Function” makes the point. It finds that only 14% of finance functions say their analytics is insightful.

Washington state seeks $100,000 from Twitter for campaign finance violations

DataFloq

(Reuters) - Twitter Inc will pay $100,000 for failing to meet Washington state's disclosure laws over payments related to multiple political ads that were posted on its platform since 2012, the state's attorney general said on Tuesday.

Facebook's renamed cryptocurrency is still 'wolf in sheep's clothing': German Finance Minister

DataFloq

BERLIN (Reuters) - It will take more than renaming Facebook's cryptocurrency to address the concerns regulators have about authorising its launch in Germany and Europe, German Finance Minister Olaf Scholz said on Monday.

Top Three Priorities for Finance Professionals Going Forward

Insight Software

Financial reporting, operational reporting, financial planning and analysis—there’s no shortage of work for finance teams to do as organizations continue to adjust to the new economic realities that the pandemic thrust upon the world stage in 2020. 2021 Finance Team Trends Report.

Why The Future of Finance Is Data Science

DataFloq

Statistics are a vital part of learning customer basis and seeing exactly what is occurring within the finance company and how it can be improved. The entire process of working is going through fast changes with every advance in technology. Top financial advisors and leaders now see the future completely reliant on data science. Automation is occurring in all industries, and while some jobs will become streamlined, that does not necessarily mean lowering the number of employees.

U.S. offers Brazil telecoms financing to buy 5G equipment from Huawei rivals

DataFloq

government stepped up an offensive on Tuesday to keep China's Huawei Technologies out of Brazil's 5G market, with Washington offering to finance purchases by Brazilian telecom companies of equipment from its competitors. International Development Finance Corporation (DFC), the U.S.

5 Ways AI Is Transforming The Finance Industry

bridgei2i

5 Ways AI Is Transforming The Finance Industry. AI is becoming a powerful ally of the finance sector, offering the opportunity for better and more customized services, cost reduction, examine cash, credit, and investment changes in real-time, and generating new revenue streams.

The Trickle-Down Effect of Manual Processes for Finance Teams

Insight Software

In the recently released insightsoftware 2021 Finance Team Trends report , survey respondents from North America and EMEA revealed some of the top challenges facing finance teams: Lack of time to spend on analysis. Meet the Finance Professional’s Biggest Time-Suck: Manual Processes.

Big Data’s Impact On Investing And The Finance World

Smart Data Collective

The post Big Data’s Impact On Investing And The Finance World appeared first on SmartData Collective. Big Data Fintech SmartData Collective Exclusive big data finance fintech investingTraditionally, the world of investing was bland and exclusive. Investment vehicles were not very different from one another and minimum capital requirements meant that even this was reserved for the few who had the means.

25+ KPIs and Metrics for Finance Departments in 2020

Jet Global

What is a Finance Department and Manager Level KPI? A finance department Key Performance Indicator (KPI) or metric is a clearly defined quantifiable measure used to evaluate a company’s financial performance. Utilizing KPIs Within Your Finance Department.

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.