Tag : Artificial Intelligence (AI)

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Quantum Computing in AI Quantitative Trading: Hype or Reality?

Fintech Staff Writer
by Fintech Staff Writer0
The financial sector has always been at the forefront of adopting cutting-edge technologies to gain a competitive edge. One of the most recent and exciting developments is the potential application of quantum computing in AI quantitative trading. Proponents argue that quantum computing could revolutionize trading strategies by exponentially increasing computational......
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AI-Generated Synthetic Data for Financial Modeling: A Double-Edged Sword?

Prajakta Ayade
by Prajakta Ayade0
Artificial intelligence (AI) is reshaping industries, and the financial sector is no exception. One of the most intriguing developments is the use of AI-generated synthetic data for financial modeling. Synthetic data—artificially generated datasets that mimic real-world data—offers a promising solution to data privacy issues, data scarcity, and model robustness. However,......
90% of Firms Still Rely on Spreadsheets Despite Bottlenecks
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90% of Firms Still Rely on Spreadsheets Despite Bottlenecks

PR Newswire
by PR Newswire0
New study from AutoRek reveals direct risks posed by legacy technology and the urgent need for businesses to modernize their systems With global transaction volumes rising by 32% over the past two years and stricter regulatory controls on the horizon, firms must modernize operations or risk inefficiencies, escalating costs, and......
insightsoftware Acquires JustPerform to Deliver Unified, No-Code, Cloud-Native Enterprise Performance Management
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insightsoftware Acquires JustPerform to Deliver Unified, No-Code, Cloud-Native Enterprise Performance Management

GlobeNewswire
by GlobeNewswire0
Top-rated EPM platform enhances insightsoftware’s planning, consolidation, and reporting solutions with modern, agile, and user-centric architecture insightsoftware, the most comprehensive provider of solutions for the Office of the CFO, today announced it acquired JustPerform, an intelligent, cloud-native planning, consolidation, and reporting platform. The acquisition brings next-generation enterprise performance management (EPM)......
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AI and Machine Learning: Transforming FP&A into a Strategic Powerhouse

Mark Bodger
by Mark Bodger0
By Mark Bodger, Director at ICit Business Intelligence AI is not just a tool; it’s a transformative force that empowers finance professionals to be more strategic, efficient, and impactful. Financial planning and analysis (FP&A) professionals are the backbone of financial decision-making in businesses today, transforming complex financial data into actionable......
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Evolution of Digital Front-Ends in Commercial Banking

Fintech Staff Writer
by Fintech Staff Writer0
The commercial banking landscape has undergone a huge transformation over the past two decades, driven by rapid advancements in financial technology and evolving customer expectations. At the heart of this transformation lies the evolution of digital front-ends—interfaces and platforms that serve as the primary touchpoints for commercial banking clients. From......
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Financial Information Business Ontology (FIBO): Architecture, Use Cases, and Implementation Challenges

Fintech Staff Writer
by Fintech Staff Writer0
Financial Information Business Ontology (FIBO) represents an important advancement in the way financial institutions manage and interpret data. Developed by the Enterprise Data Management (EDM) Council, FIBO is a formal ontology that provides a structured approach for defining financial terms, relationships, and processes. FIBO is designed to standardize data across......
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How Smart POS Systems are Shaping the Future of Business Operations

Rishika Patel
by Rishika Patel0
As businesses channel the complexities of modern retail and hospitality, smart POS systems are emerging as game-changers in how operations are managed. No longer just tools for processing payments, these advanced platforms have become essential to the entire business ecosystem. Since its inception, smart POS systems have undergone significant evolution,......
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RegTech for Financial Institutions: How You Can Better Streamline Regulatory Compliances

Rishika Patel
by Rishika Patel0
The Fintech industry is revolutionizing financial services with innovative RegTech solutions, from mobile payments to blockchain technologies. However, with this rapid transformation comes the challenge of navigating an increasingly complex regulatory landscape. Financial institutions must comply with stringent rules, such as Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations,......
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Transforming Digital Money Movement: Fintech and The Future of Financial Institutions

Prajakta Ayade
by Prajakta Ayade0
Financial institutions are undergoing significant changes, driven by technological advancements, shifting consumer preferences, and the need for more efficient and secure transaction methods. This evolution is not just a trend but a fundamental shift that promises to redefine the future of financial services. Recently Alacriti and Lumin Digital formed a......
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