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B2B-Network:
Analysis
A Review of CFOs and 5 Measures They can Take to Foster Finance Transformation
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A CFO who can give an accurate report on the financial position of a firm with great detail and insight on time is empowered. A precise financial snapshot explains competitive positioning for the future and enables planning that is workable, constant and flows.

It also indicates the way finance handles and uses the data the organization generates to portray the business in the right way. Financial change is crucial in how the finance department works to achieve a substantial improvement in performance by delivering services that meet the requirements of the business better. This takes time...

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Analysis
Key messages for avoiding another financial crisis like 2007
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Experts say that, although the last financial crisis ended in June 2009, the economy is still recovering and many pundits fear that the world could be facing a double-dip recession. So, what lessons can we learn from the big crash of 10 years ago? Financial regulation may have increased but have the core issues been addressed?
 

What lessons can be learned?

When levels of debt increased and loans and credit were being handed out like sweets, house prices suddenly started going into reverse. This has been a recurring pattern during past financial crises through history and one that...

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Analysis
Banks and Fintechs - A Necessary Match
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By using innovative digital platforms to provide fast and accessible financial services, Fintechs have provided a challenge to the established financial institutions. Consumers increasingly expect to be able to manage their finances wherever they are. Although the main players in the financial world have recognised this demand, old legacy IT systems and entrenched business practices place them at a disadvantage in an area that develops rapidly. Fintechs provide services such as loan approvals within minutes and cheaper international money movements, core banking procedures.

 

Consumer...

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News
Impact of PSD2 regulations on banks, regulators and FinTechs
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The proposed Payment Services Directive II (PSD2) set by the European Commission in 2013, is expected to be implemented by all member states into law by January 13, 2018. Its main objective is to ensure enhanced consumer protection, safe payments and encourage innovation. However, some see these new regulations as obstacles against providing innovative solutions for banking.

 

What are PSD2 regulations?

These are the new European Union banking regulations which will govern the protection and sharing of data across Europe. The regulations will give non-banking third parties such as...

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Analysis
Benefits of Big Data analysis in Banking and Finance
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Banking and financing enterprises are using big data technology in their daily operations, including service delivery and security. Big data analysis helps the company to cope with the rising competition in the banking industry, and in solving the problems they encounter, when trying to achieve the objectives of the firm. There are several sectors where investment and financing businesses are benefiting from significant data analysis.

 

Customer service

Banking firms have a vast number of clients, and they should ensure that customers' data and security are well taken...

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