Emerging Technologies and its Impact on Finance
Technological evolutions over the last few years have changed how we work in our day to day business.
When it comes to finance and treasury function, there are a many opportunities to transform the way they operate and enable their business to be more competitive. There are also serious challenges and considerations in governance, talent strategy, cyber risk, and more that have to be very carefully considered. Ignoring these technologies isn’t an option. Finance professionals must prepare themselves for the disruption these technologies will bring, or they will find themselves overwhelmed.
Needless to say, new technologies help to make processes easier, more efficient, reduce errors, improve communication, and change how consumers see and interact with money. Emerging technologies in the financial services industry like chatbots, Artificial Intelligence and automation, reduce man-hours, improve the quality of customer relationships, and improve profitability.