6AUGUST 2024CFO TECH OUTLOOKManaging EditorSarah DawsonAaron Pierce Ann Bennis Antony MosesVisualizerHenry SmithSarah DawsonManaging Editoreditor@cfotechoutlook.comEditor's NoteEmail:sales@cfotechoutlook.comeditor@cfotechoutlook.commarketing@cfotechoutlook.com AUGUST - 01 - 2024, Vol - 10, Issue - 03 (ISSN 2644 - 2841)Published by ValleyMedia, Inc. To subscribe to CFO Tech OutlookVisit www.cfotechoutlook.com Editorial StaffAva GarciaJoshua Parker Paul BarberJoy ParkerCopyright © 2024 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.As Europe's economy changes quickly, businesses are turning to financial process automation (FPA) to improve efficiency, cut costs, and stay competitive. Advances in artificial intelligence (AI) and cloud technologies are driving this digital transformation, changing how financial operations are done across the continent. One of the most significant trends in financial process transformation is the adoption of hyper-automation, which uses AI and machine learning (ML) to automate complex tasks like fraud detection, compliance monitoring, and customer service. This integration is changing how European businesses manage these tasks. AI-driven tools analyse large volumes of data and identify patterns that traditional methods might miss.With the rise in automation, ensuring robust security and compliance remains a top priority. European regulations such as GDPR mandate stringent data protection measures, making security a critical component of FPA strategies. Advanced encryption, comprehensive audit trails, and secure access controls are implemented to safeguard sensitive financial data and maintain regulatory compliance.In addition, low-code and no-code platforms are empowering non-technical staff. This technology democratisation fosters innovation and agility, allowing departments to rapidly respond to changing business needs without waiting for IT resources. This edition, Financial Process Automation 2024, showcases the solutions providers in Europe committed to offering clients effective and feasible solutions. The magazine also features the expert perspectives of Eric Aboaf, Vice Chairman and Chief Financial Officer, State Street [NYSE: STT], and Mrtis Brzis, Head of Digital Customer Experience, Deputy Business Development, Citadele Bank. These esteemed professionals share their invaluable insights concerning the industry's prospects, challenges and possible solutions. We hope these valuable insights from industry leaders featured in this edition will assist you in making informed decisions for your businesses. Let us know your thoughts!EUROPE'S FPA REVOLUTION: EFFICIENCY AND SECURITYDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOs
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