Finance

Open Banking With BIAN and Kong Gateway | Grant McKeen and Jonathan White | Kongcast Episode 8

In this Kongcast episode, Grant McKeen and Jonathan White from IntegrationWorks, chat with us about how open banking and BIAN (Banking Industry Architecture Network) work with Kong Gateway to create simplicity from complexity in the banking and financial services industry.

A Glimpse Into How AI Is Modernizing Data for the Financial Services Industry

Organizations in the financial services sector face a unique set of challenges as they consider how to wrangle and process the vast amount of data they collect. During our Financial Services Summit, I was lucky enough to speak to Brian Anthony, chief data officer for the Municipal Securities Rulemaking Board (MSRB), to learn how the MSRB is integrating technologies such as artificial intelligence (AI) and machine learning to modernize its data.

What is an ad hoc financial analysis?

Ad hoc financial analysis aims to answer business questions that arise on an as-needed basis related to money and performance. These tend to be business needs that exist outside of the regularly scheduled data analysis of a given cycle, such as planned quarterly reports or the day-to-day maintenance of a KPI dashboard. Ad hoc analytics are methods of extracting real-time insights from data sources, often to answer a question with immediate implications for the business.

How Automation Leads to More Meaningful Work in Financial Services

In the financial services industry, it is common for employees to spend significant time on manual, repetitive tasks that need to be completed with high speed and accuracy. Complex processes like customer onboarding, mortgage lending, and customer service are filled with routine tasks like data entry, invoice processing, response tracking, and reminders. Automation frees employees from rote tasks that are better suited to simple bots, resulting in both financial and opportunity cost savings.

The Role of Data in Financial Service Mergers

Ned Lowe, CTO of Singlife shares how during their merger with Aviva Singapore, the need for scalability in a data platform and a single view of the one million plus customers was needed. In the process of bringing everything together, Singlife uses Snowflake to fuel future growth. Being in a regulated industry, Snowflake’s security and governance features have ensured their customer’s data is protected.

Addressing Common Institutional Onboarding Challenges in Financial Services

For financial services organizations, onboarding institutional clients is challenging. The process is complex and made even more so by increasingly distributed and decentralized work, which compromises visibility and transparency and makes connectedness difficult. It also introduces a high degree of risk, as manual processes expose organizations to errors and inconsistencies.

Converged Analytics In Financial Services

In financial services, data has always been viewed as a strategic asset. To manage this data, organizations have invested heavily over several years and across a number of technology generations in the underlying data infrastructure. This approach has left a large data technology legacy along with silos of data linked to specific infrastructure and applications.

Top 7 Accounting Software Apps for Freelancers and SME

Are you struggling to identify the best accounting software apps for managing your financial transactions? Do you need inspiration in determining what accounting tool is best for your freelancing business? This article covers the differences between bookkeeping and accounting software apps and discusses what to look for in top accounting software. Also, it shares the best accounting tools for freelancers and small/mid-sized businesses.

Accounting Tools for Online Businesses

Business owners like to focus on providing the best product or service for the clients. Keeping track of expense accounts, chasing invoices, and making sure the paperwork is all there come tax time is the last thing on their mind. Larger companies can usually afford to have a specialist on staff that can keep track of these financial processes, but that will be a luxury for most.