Copyright © 2025 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.Managing EditorSarah DawsonEditorial StaffAaron Pierce Ava Garcia Leah JaneJoshua ParkerVisualizerGeorge MathewSales*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEditor's NoteSarah DawsonManaging Editoreditor@cfotechoutlook.comRecipe for Financial SuccessAndrew Smith andrew@cfotechoutlook.com The recent shifts in technology, regulations, and global events have propelled the financial landscape to change at a dizzying pace. Whether it is a large multinational firm or a small community institution, organizations need to revisit their financial plans and gear up for what lies ahead. At most financial companies, a digital future--or the digital transformation as we call it--prompt concern regarding the legacy systems and processes latency in innovation. But the opportunities to unlock powerful business insights and enhance productivity certainly exist with data analytics, artificial intelligence (AI), and digital labor. A smart move for financial institutions would be to put money into AI and cognitive computing, which have the potential to create savings and improve customer experience.As the demand for increased operational efficiency sweeps across the finance market, AI is a worthy investment to create intuitive strategies for yielding a superior business workflow. Another technology that is in the finance industry's purview is blockchain. From smart contracts and programmatic interconnectedness for information exchange to anti-money laundering (AML) and know your customer (KYC) initiatives, blockchain covers it all. As money moves more quickly, detecting and inhibiting fraudulent transactions takes on increased urgency. As such real-time fraud detection is gaining prominence in the financial services sector, leveraging which financial institutions can validate, account, and identify frauds during payment processing in seconds.Information, as always, is the first step toward prevention. Today's fraudsters are always on their feet, agile, and increasingly adept at finding new ways to penetrate into organizational security frameworks. The inclination of most millennials to rely on digital wallets along with the cryptocurrencies has given rise to a fertile ground for data breaches and fraudulent activities. Against this backdrop, balancing rapid, frictionless payments and effective security measures is of utmost importance. If the financial institutions are looking to expand their digital ecosystems, the best approach would be to build agile, adaptable, and feature-rich APIs that deliver quality banking, and reliable upfront security measures.In helping businesses choose from a pool of noteworthy options, CFO Tech Outlook has compiled valuable insights from industry thought-leaders and listed the ten most innovative and proficient financial solution providers in 2021.Contact Us:Phone:510-565-7614Fax:510-894-8405Email:sales@cfotechoutlook.comeditor@cfotechoutlook.commarketing@cfotechoutlook.comFEB - MAR 2025, Vol 11-01 Published by ValleyMedia, Inc. To subscribe to CFO Tech OutlookVisit www.cfotechoutlook.com
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