With businesses facing the strongest economic headwinds in years, the Chartered Institute of Internal Auditors (Chartered IIA) is urging internal auditors to embrace data analytics to navigate more risky, uncertain, and volatile times ahead. The new report, “Embracing data analytics: Ensuring internal audit’s relevance in a data-led world,” from Chartered IIA in partnership with AuditBoard aims to encourage internal audit to fully embrace data analytics and support the organization in doing the same.
Synthesized Solidifies its Partnership with Deutsche Bank, Providing High-quality Synthetic Data for AI and ML Testing Purposes
September 28, 2022 by Leave a Comment
Synthesized Ltd, a leading synthetic data generation platform, which provides engineering and data science teams a quick way to create and share trusted data through advanced machine learning and automation, announced that Deutsche Bank is investing in its next phase of growth and technology innovation development.
ACH Fraud and AI/ML – Much Work to be Done
September 19, 2022 by 1 Comment
In this article, I give focus to the situation with the financial services industry embracing AI/ML to a high degree in so many areas, one would think AI/ML would be used to detect and prevent ACH fraud, but this is not generally the case. Even the largest banking institutions seem to wash their hands with regards to ACH fraud, leaving their customers to absorb the losses.
Federated Machine Learning and Its Impact on Financial Crime Data
August 25, 2022 by Leave a Comment
In this special guest feature, Gary M. Shiffman, PhD, Co-founder and CEO, Consilient, takes a look at Federated Machine Learning, the branch of machine learning that’s sure to be a revolution for FCC professionals by enabling collaboration while preserving privacy. After all, money launderers are humans and therefore display consistent patterns of behavior. Machine learning (ML) technology, at its core, detects patterns across big data.
3 Ways Thinking Like a Data Scientist Helps to Make Better Business Decisions
July 28, 2022 by Leave a Comment
In this special guest feature, Sanjay Vyas, CTO at Planful, discusses how tech departments can interpret data to steer company trajectory. Business leaders will need to encourage their teams to think like data scientists to not only collect more data at higher levels of granularity, but also find streamlined ways to glean better insights to make more frequent and informed strategic decisions.
Study: Majority of CFOs Are Feeling Mounting Pressure to Automate the Finance Function
July 15, 2022 by Leave a Comment
To better understand the impact of automation within finance departments, Vic.ai, the artificial intelligence (AI) platform for autonomous accounting and real-time insights, in partnership with StrategicCFO360 released a new study examining the challenges and opportunities Chief Financial Officers (CFOs) face in the current environment to automate the finance function with the resources and systems they have.
How Automation Gets Finance Workloads Back in Balance
May 31, 2022 by Leave a Comment
How can finance teams lighten the workload and take their rightful place advising on business strategies and best practices? Automation can help. Software robots are ideally suited for transaction processing, accounting operations, and compliance work. It’s time for finance teams to do more of what they were meant to do: help the entire business be better. In this eBook from UiPath we’ll take a quick look at how automation can make that happen.
The Secret to Solving the World’s Crimes Lies in Data
May 27, 2022 by Leave a Comment
In this contributed article, Chris Cardwell, Product Go-To-Market Lead for Tresata, discusses how data can help tackle the global problem that is financial crime, but there are challenges within the data itself that complicate investigations further.
The Intersection of Data and Lending
May 14, 2022 by Leave a Comment
In this contributed article, Sarah Davies, Chief Data and Analytics Officer, Nova Credit, explains how alternative data sources are the solution to solving for financial inclusion, the strategic advantages data provides for lenders, and why data collection should be seen as a long-term investment.
Survey Finds Improved Access to Siloed, Distributed Data is Financial Tech Executives’ Top Priority for 2022
March 10, 2022 by Leave a Comment
InterSystems, a creative data technology provider dedicated to helping customers solve the most critical scalability, interoperability, and speed problems, recently sponsored a comprehensive survey of financial services technology executives, exploring how financial firms can use enterprise data to drive actionable insights across their business teams.
