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Maintaining Data Privacy Compliance When Using AI in Finance

Operational efficiency is top of mind for nearly all corporate leaders, with artificial intelligence (AI) use cases gaining traction across industries. While AI has proved to offer a variety of benefits and astound users with its results, those in heavily-regulated industries–like financial services–are posing serious questions about the security, data validity, and ethics of this technology,

2023-05-31T01:01:56+00:00May 31st, 2023|Categories: Tech Up Financial|

Success at the intersection of technology and finance

Citadel founder and CEO Ken Griffin had some free advice for an at-capacity crowd of MIT students at the Wong Auditorium during a campus visit in April. “If you find yourself in a career where you’re not learning,” he told them, “it’s time to change jobs. In this world, if you’re not learning, you can

2023-05-21T22:53:31+00:00May 21st, 2023|Categories: Tech Up Financial|

Financial Technology (Fintech): Its Uses and Impact on Our Lives

What Is Financial Technology (Fintech)? Financial technology (better known as fintech) is used to describe new technology that seeks to improve and automate the delivery and use of financial services. ​​​At its core, fintech is utilized to help companies, business owners, and consumers better manage their financial operations, processes, and lives. It is composed of specialized

2023-05-18T14:50:50+00:00May 18th, 2023|Categories: Tech Up Financial|

AI Is Heading to the Finance Function. Here’s How Risk-Averse CFOs Can Adapt.

For risk-averse accountants and chief financial officers, change can be hard. But artificial intelligence and other advanced technologies are coming, and financial officers who don’t adapt may find themselves left behind. “Finance people tend to be inherently conservative. Managing risk is always going to be at the core of the finance role,” said Myles Corson,

2023-05-08T20:08:33+00:00May 8th, 2023|Categories: Tech Up Financial|

The Risks, Rewards, and Impact of AI Technology on the Financial Services Industry

Artificial Intelligence products are dominating the technology sector. OpenAI and its chatbot, ChatGPT, have made headlines for passing standardized testing, generating complex software code, and helping individuals with tax filings. Microsoft Co-Founder Bill Gates said OpenAI’s developments will be “as revolutionary as mobile phones and the Internet.”[1] ChatGPT has become the fastest platform in the

2023-05-03T16:28:22+00:00May 3rd, 2023|Categories: Tech Up Financial|

How technology is helping improve financial inclusion around the world

Millions of underbanked people around the world are finally getting access to financial products such as savings accounts, investing and loans. They have technology to thank. “There’s this new type of excitement about putting your money to work for you,” Flori Marquez, the founder and senior vice president of BlockFi, a cryptocurrency trading platform, told

2023-04-24T15:46:26+00:00April 24th, 2023|Categories: Tech Up Financial|

Financial technology is proving less of a battleground than feared

IN JUNE 2007 a banker, or anyone else with $499 to spare, could try a novel distraction from work: Apple’s first iPhone had just gone on sale. In October 2008, after Lehman’s fall, another technological innovation was more quietly unveiled. A paper published online under the name of Satoshi Nakamoto described and advocated a form

2023-04-17T15:41:52+00:00April 17th, 2023|Categories: Tech Up Financial|

Nearly 90% of Accountants Expect Technology to Drive their Firms’ Growth in 2023, according to Intuit QuickBooks Survey

Today, Intuit Inc.(NASDAQ: INTU), the global financial technology platform that makes TurboTax, Credit Karma, QuickBooks, and Mailchimp, unveiled new data that reveals how accountants are embracing the power of technology and artificial intelligence (AI) to help propel their business growth and better serve their clients. The Intuit QuickBooks Accountant Technology Survey, which collected responses from 2,000 accountants in the U.S., also explores

2023-04-10T17:24:31+00:00April 10th, 2023|Categories: Tech Up Financial|

Advantage takeaways: how technology is expanding the role of finance

A few weeks ago, at our Advantage conference in Las Vegas, I was asked to lead a session on the technology-driven expansion of the CFO role over the past few decades. I was honored to team up with someone who’s followed this trend closely – Jack Sweeney, the executive producer of the CFO Thought Leader Podcast.

2023-04-03T18:19:46+00:00April 3rd, 2023|Categories: Tech Up Financial|

How Technology And Innovation Are Evolving Financial Markets

An essential component of market evolution comes from technological innovation that enhances the ability to execute ideas at multiple levels. Examples of these innovations include the depth of analysis one can do with today's computing power, the data available through multiple platforms, the geographic and thematic offerings in today's market, and the information channels available

2023-03-27T16:46:21+00:00March 27th, 2023|Categories: Tech Up Financial|