Financial planning and analysis (FP&A) is recognized as an essential tool for driving business success. At a time when agility has taken center stage, though, FP&A is giving way to the new discipline of extended planning and analysis (xP&A). Why? Because in an increasingly digital landscape where agility is paramount, actionable real-time feedback is essential.

Historically, finance teams largely operated in the background, focusing on record-keeping, compliance, and ensuring that financial operations ran smoothly. Their primary responsibilities revolved around managing costs, balancing the books, and maintaining operational efficiency. In recent years, that has changed.

The Finternet, a limitless financial space, is transforming significantly through decentralized finance (DeFi). Using blockchain technology, DeFi redefines how individuals interact with, access, and utilize financial services. It removes the need for traditional intermediaries, offering a more accessible, transparent, and cost-effective alternative to conventional systems. Let’s explore how DeFi is unlocking new possibilities for financial inclusion and driving global innovation.

The financial services industry is in the midst of a significant transformation. As customers demand more seamless, agile, and innovative services, banks and financial institutions must evolve to meet these new expectations. But digital transformation is not just about implementing the latest technology—it’s a comprehensive, multi-dimensional shift that impacts everything from operations to customer experience.

A prominent global bank was thrust into the spotlight for all the wrong reasons. The institution was hit with a staggering fine – multiple billions – for failing to comply with new data protection regulations that ultimately led to a customer data breach. The breach, which exposed sensitive information, not only resulted in financial penalties but also caused significant reputational damage.

The world has really come a long way due to widespread digital transformation adoption! And, it’s no secret that it has changed the FinTech sector drastically. In light of this evolution, it has become imperative for lenders to adapt and refine their operations with a well-defined Loan Management System.

In the finance industry, data is the lifeblood that powers everything from daily operations to strategic decision-making. Financial institutions manage vast amounts of data, ranging from transaction records and market feeds to customer information and regulatory reports. Efficiently processing and analyzing this data is crucial for maintaining competitiveness and compliance in a fast-paced, highly regulated environment.

The efficiency and speed of trade settlements are critical to maintaining stability and trust in today’s fast-paced world of financial markets. The settlement periods for trade are becoming increasingly shorter due to continuous technological advancements. On May 28, 2024, this evolution took a significant leap forward when the settlement period for most U.S.

The Markets in Financial Instruments Directive II (MiFID II) came into effect in January 2018, aiming to improve the competitiveness and transparency of European financial markets. As part of this, financial institutions are obligated to report details of trades and transactions (both equity and non-equity) to regulators within certain time limits.

In the world of banking, where customer expectations are continually evolving, and regulatory landscapes are becoming increasingly complex, the integration of intelligent automation stands out as a pivotal solution. Intelligent automation, which combines artificial intelligence (AI) with robotic process automation (RPA), allows banks to streamline operations, enhance customer experiences, and maintain compliance with ever-changing regulations.