Is the banking industry ready for the digital transformation?
Ten years after the 2008 global financial crisis, the profit margins of banks in advanced economies remain at historically low levels. The reason is simple: costs have been growing faster than revenues. Banks’ average return on equity has fallen to unsustainably low levels, especially in Europe.
When reinventing your expense management process becomes a matter of minutes
What if...reinventing a whole business process and implementing it for your 50 co-workers could become as easy as putting on a new pair of trousers? Alex Prentice, Financial Administrator of UK-based clinical trial company MRN, claims Rydoo has set a new standard in implementation time.
The importance of employee involvement
The role of the CFO doesn’t often come to mind when we think about driving corporate culture. But with the effect that culture can have on the bottom line, this is all changing. Nowadays, more and more senior executives believe that corporate culture is a top three driver of company value and that it can drive profitability, acquisition decisions, and even affect whether employees behave ethically.
FinTech vital to the CFO’s role in 2019
Financial technology, or FinTech, has become an industry in itself. Changing financial transactions and services, and online security. Basically, FinTech is a very broad term that boils down to ‘business transformation’.And as we all know by now, FinTech is here to stay.