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Study
FINANCE study: FinTechs and banks – stronger together?
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How have the many new FinTechs proven themselves in the market after the financial crisis and what is the relationship between established banks and the new financial technology companies? FINANCE magazine, in collaboration with ING Bank and CMS, a tax and legal consulting firm, has carried out a study on this subject – with the result that a change in thinking seems to be in the offing. 

Many of the new financial technologies were once introduced to the market with the basic idea and intention of renewing the financial sector. FinTechs can often offer customers more...

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Study
The Benefits of Financing 4.0
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Creditshelf, a Fintech in Germany, conducted the research titled 'Industrial SMEs ad Financing 4.0.' The research was done on 244 financial decision makers including board members and managing directors. The study was accompanied scientifically by Prof Dr Dirk Schiereck, Head of the Department of Corporate Finance at TU Darmstadt. The research established that small and medium enterprises (SMEs) are more willing to provide real-time data to access credit.

 

The Findings

As SMEs become more and more open, almost all businesses can now lend an investment in this way. Companies...

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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
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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Analysis
4 top skills CFOs must adopt in the digital age
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Digital revolution is now changing the way business organisations operate. Thanks to data technology, existing business models and services are quickly rendering. As a result, many top companies including automotive, telecommunication, and media are being reshaped in order to give rivals a competitive advantage. Here are some of the essential skills CFOs must have to stay ahead in the digital age:

 

CFOs must become analytics experts

A CFO should only spend 10 per cent of their time and efforts on transactional and the remaining 90 per cent on analytics. The more time they invest on...

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