Finance industry still reliant on ‘archaic’ data collection practices

For organizations in the finance industry, having timely access to relevant data makes the difference between success and failure. But many are still hanging on to “archaic manual data collection processes”, curbing their full potential. This is according to a new report published by proxy company Oxylabs, which states that more than half (52 percent) of finance companies in the …

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Email security ‘a ticking time bomb’ in the finance industry

As financial services companies grow, so does their dependence on email. However, the increasing use of email brings with it the potential for a rise in cyberattacks, and leaders in the industry are worried. These are the conclusions of a new report from cybersecurity company Mimecast, which states that almost two-thirds (62 percent) of financial services organizations believe it’s either …

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Why finance models are outdated in an age of digital transformation

Finance departments like certainty – forecasts, plans, and smooth lines. But in business and software development, it’s impossible, even damaging, to be tied to certainty. This has been evident time and time again in 2020, with the coronavirus pandemic forcing many companies to adapt. Now is the time for finance teams to change their outlook to support broader agility. Software …

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Outdated tech is slowing down finance decisions

Businesses in the financial sector have identified outdated technology as among the main reasons for slow decision making. This is according to a new report from Riverbed Technology, which claims almost half (44 per cent) of business decision makers in the industry point the finger at defunct technology. The majority of business executives and IT decision makers also agree on …

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