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#Report on Embedded Finance
paynxt360fintech · 11 months
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Starbucks reshaping its loyalty program through prepaid card system
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Starbucks is all set to launch its new loyalty program effective from April this year. The major change which has been implemented in the new loyalty program is the earning of stars. In the old system, the number of stars earned was based on the count of transactions of a customer. In the new system, the stars would be awarded based on the amount spent at each transaction. Another significant aspect of the loyalty program is that, the prepaid card system will be launched by the end of 2016, which would function like a Visa Card and would be acceptable at other retail outlets too. The reward point structure on the card usage outside of Starbucks has yet not been structured, but it will soon be in place.
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Tax prep services send sensitive financial info with Facebook
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If you were unfortunate enough to e-file your US tax using HR Block, Taxact or Taxslayer, your most sensitive financial information was nonconsenually shared with Facebook, where it was added to the involuntary dossier the company maintains billions of people, including people who don’t have Facebook accounts.
A blockbuster investigative report from The Markup and The Verge reveals that major tax-prep services illegally embedded the Facebook tracking pixel in their sites, configured so that it transmitted as much data as possible to the surveillance giant.
https://www.theverge.com/2022/11/22/23471842/facebook-hr-block-taxact-taxslayer-info-sharing
In their defense, the companies say that they didn’t know that they were sending all this data to Facebook, and that they were using Facebook’s surveillance pixel to “deliver a more personalized customer experience.”
The companies had set the Facebook tracking pixel to use “automatic advanced matching,” which scours any page it’s embedded in for personally identifying information to harvest and transmit to Facebook.
https://www.facebook.com/business/help/611774685654668?id=1205376682832142
Facebook claims that it doesn’t want this data and won’t use it, though the company has been previously caught violating fair finance laws by using finance data to discriminate against Black families:
https://www.cnbc.com/2022/06/21/doj-settles-with-facebook-over-allegedly-discriminatory-housing-ads.html
But it’s possible that Facebook isn’t using this data — or that it doesn’t know whether it’s using this data. Facebook’s own internal audits show that the company doesn’t know what data it collects or how it uses it:
https://www.vice.com/en/article/akvmke/facebook-doesnt-know-what-it-does-with-your-data-or-where-it-goes
Remember, Facebook claims that it collects your data based on your consent; somehow it thinks that you can consent to collecting and using your data in ways that even Facebook can’t describe.
As infuriating as Facebook’s role in this data theft is, the real scandal is that Americans have to pay for tax preparation at all. In most of the world’s wealthy countries, the tax authorities send taxpayers a precompleted tax-return every year. You can modify this return (on your own or with the help of a tax-prep professional), or you can just mail it back. For free.
This makes sense. The tax authorities already know how much you’ve made. They know what deductions you’re entitled to. It is surreal that you have to pay a professional to fill in a form to tell the IRS a bunch of things it already know about you.
Every attempt to bring free tax prep to America has been scuttled by an unholy alliance of anti-tax extremists like Grover Nordquist (a sadist who wants to make paying your tax as cumbersome and painful as possible) and the multi-billion-dollar, highly concentrated tax-prep industry.
Companies like HR Block and Intuit have spent millions lobbying against free tax prep. It’s money well spent, because tax prep makes billions for these companies. The biggest tax prep companies formed something called “the Free File Alliance” that purported to offer free tax-prep to low- and medium-income Americans.
In practice, “free filing” turned out to be a marketing funnel that tricked people into paying for services they were entitled to get for free. Intuit alone stole billions this way:
https://pluralistic.net/2022/02/24/uber-for-arbitration/#nibbled-to-death-by-ducks
The monopolists who run America’s tax-prep services claim that “government can’t do anything well” and insist that the private sector will bring “efficiencies” to tax-prep. In reality, these companies literally have no idea what they’re doing — they don’t know what data they’re collecting, nor who they’re sharing it with.
Same goes for Facebook. Companies that are not disciplined by competition or regulation don’t have to be good at their jobs. These companies’ major competence is lobbying Congress to prevent the passage of meaningful privacy laws and laws that would save Americans billions through IRS-prepared tax-returns.
As Harvard tax-law prof Mandi Matlock told Simon Fondrie-Teitler, Angie Waller, and Colin Lecher, this data Valdez is the “almost inevitable consequence of relying on for-profit companies to handle a government requirement. It’s a process that provides users little choice but to hand over their data to Facebook if they want to comply with the law.”
Image: Cryteria (modified) https://commons.wikimedia.org/wiki/File:HAL9000.svg
CC BY 3.0 https://creativecommons.org/licenses/by/3.0/deed.en
Social Woodlands (modified) https://commons.m.wikimedia.org/wiki/File:H%26R_Block_%285424899168%29.jpg
CC BY 2.0 https://creativecommons.org/licenses/by/2.0/deed.en
[Image ID: An H&R Block storefront; the 'o' in Block has been replaced with the glaring red eye of HAL9000 from 2001: A Space Odyssey. Mark Zuckerberg's metaverse avatar peeks out from behind a pillar.]
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xettle-technologies · 21 days
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The impact of sustainability in fintech: reflections from the summit
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In recent years, the Fintech industry has witnessed a paradigm shift towards sustainability, with an increasing emphasis on integrating environmental, social, and governance (ESG) factors into financial decision-making processes. This transformative trend took center stage at the latest Fintech Summit, where industry leaders converged to explore the intersection of sustainability and financial technology. Among the prominent voices shaping this discourse was Xettle Technologies, a trailblazer in Fintech software solutions, whose commitment to sustainability is driving innovation and reshaping the future of finance.
Against the backdrop of global challenges such as climate change, resource depletion, and social inequality, the imperative for sustainable finance has never been greater. The Fintech Summit provided a platform for thought leaders to reflect on the role of technology in advancing sustainability goals and fostering a more resilient and equitable financial ecosystem.
At the heart of the discussions was the recognition that sustainability is not just a moral imperative but also a strategic imperative for Fintech firms. By integrating ESG considerations into their operations, products, and services, Fintech companies can mitigate risks, enhance resilience, and unlock new opportunities for growth and value creation. Xettle Technologies’ representatives underscored the company’s commitment to sustainability, highlighting how it is embedded in the company’s culture, innovation agenda, and business strategy.
One of the key themes that emerged from the summit was the role of Fintech in driving sustainable investment. Through innovative solutions such as green bonds, impact investing platforms, and ESG scoring algorithms, Fintech firms are empowering investors to allocate capital towards environmentally and socially responsible projects and companies. Xettle Technologies showcased its suite of Fintech software solutions designed to facilitate sustainable investing, enabling financial institutions and investors to align their portfolios with their values and sustainability objectives.
Moreover, the summit explored the transformative potential of blockchain technology in advancing sustainability goals. By enhancing transparency, traceability, and accountability in supply chains, blockchain can help address issues such as deforestation, forced labor, and conflict minerals. Xettle Technologies’ experts elaborated on the company’s blockchain-based solutions for supply chain finance and sustainability reporting, emphasizing their role in promoting ethical sourcing, responsible production, and fair labor practices.
In addition to sustainable investing and supply chain transparency, the summit delved into the role of Fintech in promoting financial inclusion and resilience. By leveraging technology and data analytics, Fintech firms can expand access to financial services for underserved populations, empower small and medium-sized enterprises (SMEs), and build more inclusive and resilient communities. Xettle Technologies’ representatives shared insights into the company’s initiatives to support financial inclusion through digital payments, microfinance, and alternative credit scoring models.
Furthermore, the summit highlighted the importance of collaboration and partnership in advancing sustainability goals. Recognizing the interconnected nature of sustainability challenges, participants underscored the need for cross-sectoral collaboration between Fintech firms, financial institutions, governments, civil society, and academia. Xettle Technologies reiterated its commitment to collaboration, emphasizing its partnerships with industry stakeholders to drive collective action and scale impact.
Looking ahead, the future of sustainability in Fintech appears promising yet complex. As Fintech firms continue to innovate and disrupt traditional financial systems, they must prioritize sustainability as a core principle and driver of value creation. Xettle Technologies’ visionaries reiterated their commitment to sustainability, pledging to harness the power of technology to build a more sustainable, inclusive, and resilient financial ecosystem for future generations.
In conclusion, the Fintech Summit served as a catalyst for reflection and action on the role of sustainability in shaping the future of finance. From sustainable investing and supply chain transparency to financial inclusion and resilience, Fintech has the potential to drive positive change and advance sustainability goals on a global scale. Xettle Technologies’ leadership in integrating sustainability into its  Fintech solutions exemplifies its dedication to driving innovation and creating shared value for society and the planet. As the industry continues to evolve, collaboration, innovation, and sustainability will be key drivers of success in building a more sustainable and resilient financial future.
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naturalrights-retard · 6 months
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The planetary digital gulag envisaged by our globalist parasites should be operational in less than six years. This commentary explores some of the sinister groundwork being established towards that end.
By 2030, you will own nothing. Let me repeat that again: You will own nothing by 2030. This is the oft-stated goal of globalist power elites fronted by institutions like the World Economic Forum (WEF).
You may have been very careful with your finances; you may be free of debts; free from any outstanding loan for any of the properties (houses, cars, farms etc.) you had purchased but you will no longer own them within six years. You may even have millions in the bank, along with a well-cushioned pension fund, but they will no longer be available at your disposal. Rights to everything that you own will be steadily transferred to a national coordinating authority which in turn will report to a centralised international body. There is nowhere to run in the emerging planetary prison.
Disenfranchisement of any form of property ownership will become increasingly apparent in the coming months and years.  It will be total. This is a reason why products and services that you own or use are becoming more fragile – by design – worldwide.
This totalistic agenda of property disenfranchisement was casually justified by former Danish Minister of the Environment and WEF Agenda Contributor Ida Auken nearly a decade ago: “Why do you want to own a cell phone if you can just lease it and if you lease, why shouldn’t you lease your refrigerator or your washing machine or your dishwasher”? However, as I and many others have noted: all these leased personal and household tools will act as the ultimate panoptic tool. They will spy on you round the clock.
Ownership is increasingly deemed detrimental to the emerging power matrix. Ownership maintains bubbles of freedom in an increasingly communistic world. After all, a minority of independent businessmen and professionals did not heed the recent vaccine mandates as they were either sufficiently removed from the centres of coercion or were endowed with irreplaceable skills. They had also dismissed globalist tauroscatology with the contempt it deserves. And this is what bothers the parasites in power. As former UK Prime Minister Tony Blair demanded at a WEF powwow recently: “You need to know who’s been vaccinated” That means ownership over your physical body will be transferred to an unelected globalist hierarchy.
How does one sum up these sinister developments? As I had questioned in a recent article on planned obsolescence: “Will electronic micro-sensors be embedded into products of the future? Likewise, will humans be cattle-tagged with similar sensors to ensure consumerist compliance and the profitability of corporations?” Not to mention “behavioural compliance”?
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abigail-pent · 2 years
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The more I read about EA the more ridiculous it seems. Like the initial idea, sure, as an economist I've got some time for the idea you should spend your money so it can do the most good, and that "most good" can mean "most lives saved today." But then to even make the jump from there to "get a job where you will make the most money and give it all away to save lives" -- that's a big jump, and completely ignores the possibility (near certainty!) that a job which is making the most money is also generating structural harm, so the number of lives you save this way may well be negative, on net. To say nothing of the harm that you do by funneling philanthropic resources towards the cheapest interventions, as opposed to investing in structural change. Big leaps already, and I'm not on board. But at that point the EA movement is telling people to get very rich so they can give everything away, and that means it takes on the character of a club for rich kids, who are largely a combination of tech and finance bros. And because the kinds of people who find this appealing tend to be quantitative-minded people from privileged backgrounds, they are choosing to give up money but still want some marker of status and hierarchy. So of course the signifier of hierarchy which replaces wealth, for this crowd, is the ability to perform a certain flavor of intelligence. And in the process of performing this type of "smarts", one of them comes up with this idea that "long term risks" with near zero probability should be treated as though they're equally important as, or more important than, real suffering happening today. So basically a big chunk of this rich kids' club ends up spending absolute whackadoodle amounts of money to try to keep a sci-fi AI apocalypse from happening. Which. Like. No. Not sorry whatsoever to say that placing greater weight on this eventual, not-technically-impossible-but-only-because-nothing-is outcome than on the *actual* plight of someone currently alive and without shelter or food, is something that only members of a rich kids club could come up with, while having some kind of dick-measuring contest with their purported brains. And now one of their leading lights has just revealed he's been running some kind of crypto ponzi scheme, and gave an interview to a reporter via twitter dm in which he admits the whole "ethics" thing he claimed to believe in was just bullshit posturing all along.
absolute, absolute trashfire. cannot wait for the hulu docuseries. (literally the guy who wrote the big short was embedded with the ponzi scheme guys for the past 6 months.)
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svendsenkessler24 · 1 year
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sap business one course uk 6
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odgaardserup · 2 years
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Sap Bw 4hana Coaching On-line Course With Without Previous Knowledge
To expertise SAP Learning Hub free of charge, contact your ExitCertified representative by way of the button below. Skills Gained Navigate confidently inside the SAP S/4HANA system Describe how varied business transactions are carried out in SAP S/4HANA Explain the integration points between purposes inside SAP... Skills Gained Understand the necessity for SAP S/4HANA embedded analytics and it is objective and advantages Use various forms of analytical applications Get a glimpse of the technology behind Describe the...
Customer can automate processes and instantly evaluate the financial implications of enterprise choices with real-time analytics, prediction, and simulation.
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Throughout this training, delegates will also understand, how-to Monitor, Troubleshoot, Backup and Restore of SAP IQ. This coaching might be taught by our industry-experienced instructor who has full information about the SAP IQ.
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Sap S/4 Hana Coaching In Hyderabad
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akhtarkincaid · 2 years
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Sap Bpc 10 1 S4hana 1610 Bpc Embedded Planning Optimized
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Ecorptrainings is an interactive and progressive method of evangelizing us toward various courses.
You will handle work standing and in addition launch actions from Analysis for Excel.
I began implementing SAP FI/CO in version 3.1h and completed greater than 20 initiatives over the past 18 years, normally as the technical or functional lead. Data Mining in SAP has been a specialization of mine ever since my first introduction to BW (SEM BPS, BPC traditional and Embedded, BI-IP). Blog Read up on the newest matters around SAP, training, studying & improvement. Needs to evaluation the safety of your connection earlier than continuing. "Conversion of legal form to European company permitted – SAP shareholders elect Jim Hagemann Snabe to Supervisory Board of SAP SE".
Enterprise Reporting
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Developed budget and forecast reviews on HANA views, pulling plan information from BPC by activating HANA external views setting. Experience in Interacting with CFO/CIO/Assistant Controller/Finance Analyst/ VP FP&A/purchasing director/Sales Director to understand the requirements & ship reporting answer. As with any project, it is essential to know where we are headed and we will begin off with the useful necessities of our application. People who need SAP BPC data for a personal or enterprise project like for getting Basics level of understanding on SAP BPC. People who already knowledge in SAP BW/Data warehouse tool expertise, but wish to be taught about the SAP BPC. Embedded mannequin helps SAP BW Queries that you could execute instantly within the SAP EPM add-in for Microsoft office.
What Is Epm In Sap? [newline]bpc Administration
In July 2017, allegations have been made that SAP had been involved in business transactions with the controversial and politically influential Gupta family in South Africa. SAP was accused of paying CAD House, a Gupta-controlled firm, R100 million in order to secure a Transnet deal. SAP denied the allegations, claiming that the money was paid as "an extension of the gross sales force", despite CAD House having no prior SAP expertise. SAP TechEd is the company's extra technical convention, aimed toward SAP's ecosystem of consultants and software development companions. SAP makes use of a two-tier structure of boards, with an govt board and a supervisory board. In October 2019, Jennifer Morgan and Christian Klein were appointed as co-CEOs of SAP.
Your Personal Sap Cloud System In Half-hour
Achieved detail degree planning by adding customized member line item and implementing feedback to track explanations. Delivered different planning resolution - cost middle opex planning, revenue middle revenue planning, and capex planning by implementing SAP BW IP/BPC Embedded Model on S4HANA. Requirement gathering from business users, developed Blueprint & getting signoff, configuration in BPC 10.1 and so on. World's Best PowerPoint Templates - CrystalGraphics presents more PowerPoint templates than anyone else on the planet, with over four million to select from. Winner of the Standing Ovation Award for “Best PowerPoint Templates” from Presentations Magazine. sap bpc online training 'll give your displays a professional, memorable appearance - the type of subtle look that today's audiences anticipate.
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borkmichael · 2 years
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Kyriba Enterprise Software For Office Of The Cfo
The Continuous Professional Development is a set of the training activities which professionals take on to develop and improve their expertise and abilities. You can achieve CPD by way of several sorts of learning, like attending conferences, coaching workshops, and events, e-learning courses and many more. Making CPD points is an important demand of many professional our bodies within the United Kingdom. The number of clients utilizing Sage software program is greater than six million, many businesses are growing, which belief in Sage to help to handle their corporations. Sage certifications are the symbols that you would possibly be a competent Sage user, and it provides credibility to potential employers that you're absolutely up-to-speed and ready to start utilizing the techniques right away. Whether you are new to F&A or an skilled professional, typically you need a refresher on common finance and accounting terms and their definitions.
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Signal As A Lot As Circulate
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Taulia’s early payment and invoicing solutions are designed to swimsuit suppliers of all sizes so you can achieve your goals with only one provider.
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However, the implementation of know-how required to help this role has not at all times been ideal.
The foundation of the eligibility is on international accounting and auditing standards and compliant to the IFAC.
Risk Management is organized via Chief Risk Offices for every core enterprise and critical operation. Risk managers present shared support to BNY Mellon for operational risk companies for Global Corporate Trust, Depositary Receipts, Treasury Services and Global Operations in EMEA. Compliance helps guarantee BNY Mellon's companies maintain appropriate processes to adjust to applicable laws, regulations, BNY Mellon policies and ethics. This is achieved by way of enterprise - and enterprise partner - specific groups of pros, underneath centralized global administration. BlackLine is a high-growth, SaaS enterprise that is remodeling and modernizing the way finance and accounting departments operate.
What Online Sap Courses Am I In A Position To Study?
As we mentioned, the usually centralised nature of treasury makes this surroundings an ideal landscape. A range of treasury processes from POBO, PINO, and money pooling to hedge administration, EMIR reporting, and bonds issuance can be centrally deployed on CFIN making probably the most of all the most recent and biggest S/4 capabilities. Central Finance technical deployment ought to precede any cutover of the S/4 Treasury functionality, to permit time to test the database’s resilience and verify its good functioning earlier than the business go-live. As a project stakeholder, you will also want to guarantee that processes in the source methods are well-defined, understood and followed.
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nehamore09 · 9 hours
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Unlocking the Power of Connection with SAP.
In today's hyper-connected world, businesses thrive on seamless data exchange and collaborative workflows. However, fragmented systems and information silos often hinder these connections. This is where SAP emerges as a powerful platform, not just for managing core business functions, but for unlocking the power of connection within your organization.
This article explores how SAP acts as a bridge, fostering collaboration, data integration, and real-time insights – essential elements for success in a connected business environment.
Breaking Down Silos: Collaboration Without Borders
Traditionally, information resided in departmental silos, hindering communication and coordinated efforts. SAP offers a unified platform, breaking down these barriers through:
Centralized Data: SAP consolidates data from various sources, including Finance, HR, Supply Chain, and Customer Relationship Management (CRM) modules. This provides a single source of truth, fostering transparency and eliminating discrepancies.
Integrated Workflows: Business processes seamlessly flow across departments. For example, a sales order automatically triggers inventory updates and production planning within the system.
Collaboration Tools: Embedded functionalities like email, chat, and document sharing enable real-time communication and project management across teams.
Imagine a scenario where a marketing campaign identifies a surge in demand for a specific product. Through SAP's collaborative platform, the marketing team can instantly notify the sales and inventory teams. This ensures everyone is aligned and facilitates proactive inventory management to meet customer demands.
Unleashing the Power of Data Integration
Modern businesses generate data from numerous touchpoints. SAP acts as a central hub, integrating this data from:
Internal Systems: Finance, HR, Supply Chain, and CRM modules.
External Sources: Social media platforms, e-commerce sites, and Internet of Things (IoT) devices.
This consolidated data becomes the fuel for powerful insights. SAP Business Analytics (BA) tools leverage this data to:
Generate Reports: Gain insights into operational performance, customer behavior, and sales trends.
Identify Trends: Uncover patterns and relationships within the data to predict future outcomes.
Make Data-Driven Decisions: Empower leaders with data-backed insights for resource allocation, marketing strategies, and overall business planning.
For example, a manufacturing company can integrate production data with customer purchase trends. This allows them to identify demand spikes and proactively adjust production schedules to avoid stockouts while minimizing overstocking.
Real-Time Visibility: Fueling Informed Decisions
In today's fast-paced business landscape, immediate access to data is crucial. SAP provides real-time visibility into various aspects of your operations, allowing for:
Proactive Response: React quickly to market fluctuations and customer needs.
Improved Efficiency: Identify and address operational bottlenecks as they arise.
Enhanced Customer Service: Provide personalized and responsive service based on real-time customer data.
Imagine a company experiencing a sudden drop in sales for a key product. Through real-time sales dashboards, management can analyze the cause and take immediate action. This might involve adjusting marketing campaigns, offering promotions, or addressing any potential quality issues identified through customer feedback.
The Connected Business: A Collaborative and Data-Driven Future
By fostering data integration, collaboration, and real-time insights, SAP empowers businesses to thrive in a connected world. This translates to significant benefits:
Improved Operational Efficiency: Streamlined workflows and proactive decision-making lead to cost savings and increased productivity.
Enhanced Customer Experience: Real-time data enables personalization and faster response times for customer inquiries.
Data-Driven Decision Making: Leaders can base strategic decisions on insights gleaned from integrated data, leading to a competitive edge.
SAP is not merely an ERP system; it's a platform for connection, collaboration, and data-driven decision-making. By embracing its full potential, businesses can unlock a wealth of opportunities in the dynamic world of connected business.pen_sparktunesharemore_vert
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paynxt360fintech · 11 months
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India introduces Unified Payments Interface to promote mobile money services
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The National Payment Corporation of India (NPCI) recently launched unified payments interface (UPI), with the objective of extending mobile money services in India. UPI will allow users to receive and transfer money through their mobile phones from their existing bank accounts, utilizing unique identification details such as their Aadhaar number, mobile number, or a virtual payments address, without being required to enter their presonal credentials such as bank account details or security pins.
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friedengineerheart · 3 days
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What is Digital Transformation in Finance and Accounting?
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Information technology has grown recently and is now part of almost every area of modern life. It's essential for businesses too. Digital transformation in finance and accounting is a significant change in which a company or organization uses technology in all parts of its work. This helps it do things better and differently.
Most businesses already use some technology. Digital transformation takes this further by deeply embedding technology into their operations, completely changing how they work with the help of technology.
How Does Digital Transformation Affect a Business?
Digital transformation in finance and accounting can impact many areas of a business.
Process Transformation
This means using digital technology to change how a business works. The changes depend on what the business does. For example, a car manufacturing company's work differs from that of a retail store.
In both cases, digital transformation helps these businesses change how they make or offer products and services and interact with their vendors, suppliers, and customers.
This change can improve these interactions and help the business reach its goals more quickly and efficiently.
Business Model Transformation
This means using digital technology to change the main parts of a business's operation. In today's world, market trends and customer preferences can change very quickly.
Digital transformation in finance and accounting helps a business adapt its model to keep up with these fast changes.
For example, a newspaper that used to publish news on paper might become a digital news company. This company could start delivering news online like websites, blogs, podcasts, and videos.
Domain Transformation
This means making changes across a business area rather than just tweaking a task or way of doing things. For example, a credit card company might change everything about how customers apply for a new card—from how they submit applications to how those applications are checked and approved. This would improve the whole process for new customers, from applying to getting approved.
Cultural or Organizational Transformation
This involves profound changes in the business's values and attitudes. These changes affect everyone, from the top recruiters to the everyday workers. Everyone needs to learn new skills and commit to the changes.
Digital transformation in finance and accounting often brings about these cultural shifts because it requires everyone to use new digital tools and methods to achieve their goals. It can also change other parts of the work culture, like how employees talk to customers or decide how to run parts of the business.
What Are Some Simple Ways Digital Changes Happen in Accounting?
Accounting Automation
This means using computer programs to perform essential accounting tasks. These programs can record financial information, fix mistakes, update records, and create reports and financial statements.
Artificial Intelligence
Artificial Intelligence (AI) in accounting means using innovative computer programs to perform tasks like matching receipts and invoices with purchases and ensuring expense rules are followed.
Cloud computing in accounting stores data online so everyone can access it from anywhere. It keeps data safe and makes it easy to share.
Digital solutions change how data is entered into accounting systems. Instead of writing things down, computers can automatically enter data from different sources.
Robotic process automation (RPA) involves having robots do repetitive tasks in accounting, such as sorting data and filling in forms. It saves time and lets people focus on other work.
The future of accounting is designed by introducing technologies such as artificial intelligence and blockchain, streamlining traditional methods, and making accountants concentrate on strategic analysis and decision-making.
To know more about finance and accounting, check out the courses offered by Finprov Learning. We offer many finance and accounting courses for graduates and professionals, covering topics like CBAT, PGBAT, Income Tax, Practical Accounting Training, PGDIFA, DIA, GST, SAP FICO, Tally Prime, MS Excel, and more. Whether you have just finished college or have been working for a while, our accounting professional courses are designed to give you a great learning experience.
At Finprov, they focus on both theory and hands-on training so you can learn practical skills. Plus, they help you find a job after you finish your course. If you're interested in accounting courses and want to improve your career options, contact Finprov today.
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Cybersecurity firm Darktrace reported a 135% increase in novel social-engineering attack emails during the first two months of 2023. The firm’s research team found that the emails targeted thousands of its customers in January and February.
Darktrace noted that this increase matches the adoption rate of generative AI, such as ChatGPT. The firm believes that these social-engineering attacks are utilizing “sophisticated linguistic techniques,” including increasing the text volume, sentence length, and punctuation in emails.
Generative AI becomes the powerhouse of Novel Social Engineering Attacks
Darktrace also observed a decrease in the number of malicious emails that contain an attachment or link. The firm speculates that generative AI could be used by malicious actors to construct targeted attacks rapidly.
The firm’s chief product officer, Max Heinemeyer, warns that email is the key vulnerability for businesses today, and defenders are up against sophisticated generative AI attacks and entirely novel scams that use techniques and reference topics never seen before.
Heinemeyer emphasizes that in a world of increasing AI-powered attacks, the onus can no longer be placed on humans to determine the veracity of communications they receive, and this is now a job for artificial intelligence.
Employee Survey Results
An employee survey conducted by Darktrace revealed that 82% of employees are concerned about hackers using generative AI to create scam emails that are indistinguishable from genuine communication.
The survey also found that 30% of employees have fallen for a scam email or text in the past. When asked what the top three characteristics are that suggest an email is a phishing attempt, 68% of respondents said it was being invited to click a link or open an attachment, 61% said it was due to an unknown sender or unexpected content, and poor use of spelling and grammar was chosen by 61% as well.
In the last six months, 70% of employees reported an increase in the frequency of scam emails, and 79% said that their organization’s spam filters prevent legitimate emails from entering their inbox. 87% of employees were also worried about the amount of their personal information online, which could be used in phishing or email scams.
Defending Against AI Social Engineering Attacks
Email services have always been one of the primary vectors through which attackers can breach an organization. Microsoft has implemented several measures to minimize the abuse of its software in phishing attacks.
For example, it disabled VBA macros, which facilitated the automatic loading of malware via tampered Office documents. The company also decided to block emails sent from potentially vulnerable Exchange servers, which hackers had been abusing for years to launch highly convincing email campaigns.
The Threat of AI to Cybersecurity
One possible attack could see a CEO’s likeness abused to send video and/or audio instructions to employees in the finance department, for example, encouraging them to make payments to accounts under the attackers’ control. Intel’s FakeCatcher system aims to develop a tool to detect deepfakes by analyzing the blood flow in faces.
At present, Intel has a 96% success rate in identifying deepfake footage, and the technology could be embedded within video conferencing software to prevent deepfake phishing and social engineering attacks in the near future.
The threat of AI to cyber security has been feared for some time and extends beyond just generative AI. For example, AI-driven malware was conceptualized years ago, which could install and analyze a specific environment, changing its payload to exploit its host most effectively. In reality, such attacks have been few and far between. However, there are also fears around what deepfake technology could achieve in the phishing space.
Defending AI social-engineering attacks
Darktrace’s survey results indicated that 82% of employees are worried about hackers using generative AI to create scam emails that are indistinguishable from genuine communication. Additionally, 30% of employees have fallen for a scam email or text in the past, highlighting the importance of addressing this growing issue.
Email services have always been one of the primary vectors through which attackers can breach an organization. One of the most common ways to install malware on a victim’s machine would be to embed malicious code inside a Microsoft Office document, such as an Excel file.
Microsoft has recently implemented a number of measures to help minimize the abuse of its software in phishing attacks. Most notably in 2022, it disabled VBA macros – the abused component which facilitated the automatic loading of malware via tampered Office documents.
However, some said the industry had been calling for such action to be taken against VBA macros for years, and that Microsoft could have prevented an untold number of attacks if it had acted faster.
The latest work from Intel and its FakeCatcher system has aimed to develop a tool to detect deepfakes analyzing the blood flow in faces. At present, Intel has a 96% success rate in identifying deepfake footage, and the technology could be embedded within video conferencing software to prevent deepfake phishing and social engineering attacks in the near future.
Novel social engineering attacks are on the rise, and their success is likely due to the use of generative AI techniques, which enable attackers to construct targeted attacks rapidly.
The adoption of AI is expected to increase in the coming years, and with it, the sophistication and prevalence of social engineering attacks. In response, organizations must implement new defense mechanisms that rely on AI to prevent and detect such attacks. This is no longer just a job for humans; artificial intelligence is now a critical component of cyber defense.
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roamnook · 4 days
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New study reveals: 86% of companies report increased efficiency after implementing Serverless Cloud. Learn more today.
New Information Revolution: Unveiling the Power of Hard Facts and Numbers
New Information Revolution: Unveiling the Power of Hard Facts and Numbers
Welcome to RoamNook - Fueling Digital Growth
In today's rapidly evolving digital landscape, data is king. It drives decisions, shapes strategies, and propels businesses towards success. As an innovative technology company, RoamNook specializes in IT consultation, custom software development, and digital marketing. Our main goal is to fuel digital growth by harnessing the power of hard facts, concrete data, and objective information.
Introduction: The Rise of Objective Information
In the age of information overload, distinguishing truth from opinion has become increasingly challenging. However, with advancements in technology, we now have more access to hard facts, numerical data, and objective information than ever before. This new information revolution is reshaping industries, governments, and societies across the globe.
The Power of Hard Facts and Concrete Data
Numbers don't lie. They provide an unbiased view of reality and enable us to make informed decisions based on real-world evidence. Whether it's analyzing customer behavior, optimizing business processes, or predicting market trends, hard facts and concrete data are invaluable assets.
Applications and Implications
The applications of hard facts and numerical data are limitless. In the field of healthcare, data-driven approaches help identify and treat diseases more effectively. In finance, data analysis enables better investment strategies and risk management. In marketing, data-driven campaigns target the right audience and maximize ROI. These are just a few examples of how hard facts and concrete data are transforming various industries.
Real-World Examples
To illustrate the power of hard facts and numbers, let's consider a real-world case study. Company X, a multinational retail corporation, used data analysis to optimize its supply chain management. By analyzing sales data, customer demographics, and inventory levels, they successfully reduced costs, minimized waste, and improved customer satisfaction. This resulted in significant financial savings and a competitive edge in the market.
Technical Terminology: Unlock the Language of Data
To fully understand the power of hard facts and concrete data, it's essential to familiarize yourself with technical terminology. Here are a few key terms:
Data Analysis: The process of inspecting, cleansing, transforming, and modeling data to discover useful information.
Big Data: Extremely large datasets that cannot be easily managed or analyzed with traditional data processing techniques.
Machine Learning: A subset of artificial intelligence that allows systems to learn and improve from experience without being explicitly programmed.
Artificial Intelligence: The simulation of human intelligence in machines that can perform tasks requiring human-like intelligence.
Internet of Things (IoT): The network of physical objects embedded with sensors, software, and other technologies to exchange data with other devices and systems over the internet.
The Future: Embracing the Era of Objective Information
As we move further into the digital age, the importance of hard facts, concrete data, and objective information will only continue to grow. Businesses that embrace this new era will have a competitive advantage, while those who ignore it risk falling behind.
Reflection and Engagement: How Will You Embrace the Power of Hard Facts?
Now that you understand the significance of hard facts and concrete data, it's time to reflect on how you can apply this knowledge to your own personal or professional life. How will you harness the power of hard facts to make better decisions, drive innovation, or achieve your goals? We invite you to share your thoughts and ideas in the comments below.
About RoamNook
RoamNook is an innovative technology company that specializes in IT consultation, custom software development, and digital marketing. With our deep understanding of hard facts, concrete data, and objective information, we help businesses fuel their digital growth. Visit our website at www.roamnook.com to learn more about our services and how we can help you navigate the new information revolution.
Conclusion: Embrace the Power of Hard Facts and Numbers
In conclusion, the rise of hard facts and concrete data is revolutionizing the way we make decisions, understand the world, and drive progress. By embracing this new era of objective information, we can unlock untapped potential, innovate faster, and create a brighter future for all. So, are you ready to join the information revolution?
Remember, at RoamNook, we are here to support you on this exciting journey. Contact us today to discover how we can help you leverage the power of hard facts and concrete data to fuel your digital growth.
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jcmarchi · 6 days
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How to use GPT-4o in finance (and data analysis)
New Post has been published on https://thedigitalinsider.com/how-to-use-gpt-4o-in-finance-and-data-analysis/
How to use GPT-4o in finance (and data analysis)
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OpenAI’s newly unveiled GPT-4 Omni (GPT-4o) model promises to change the roles of finance professionals (and others) forever.
This advanced language model represents a major leap forward in artificial intelligence capabilities, offering improved experiences across text, voice, and vision.
“This is the first time that we are really making a huge step forward when it comes to the ease of use,” Mira Murati, OpenAI Technology Chief.
Some exciting new features include the ability to ask GPT-4o to translate languages using nothing but an image and soon, the ability to have a more natural, ‘real-time voice conversation and the ability to converse with ChatGPT via real-time video.’
OpenAI reports that GPT-4o “can respond to audio inputs in as little as 232 milliseconds, with an average of 320 milliseconds”. Impressively, this is very similar to a natural human response time during a conversation.
The best part though, is that GPT-4o is available to free users. However, it will have some usage limits.
Free users can access these features:
Experience GPT-4 level smarts with greater speed.
Get answers combining model knowledge and web info.
Create charts and visualizations from data.
Discuss photos you take by uploading them.
Upload files for help with summarizing, writing, or analyzing (including Excel files).
Keep conversations on track with built-in memory.
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Introducing GPT-4o (OpenAI’s official update)
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OpenAI’s official introduction to GPT-4o [Source: YouTube]
Alright, all that sounds great. But let’s get into the reason you’re here – to learn how GPT-4o can be used in finance and data analysis.
Let’s get into it.👇🏼
How to upload Excel files and create charts in GPT-4o
1. Upload Excel spreadsheet files
You can now upload Excel, CSV, and other files directly to GPT-4o. No more copying and pasting data from your file into ChatGPT. Now that you can upload your files directly, it makes the entire process of analyzing complex data sheets a lot easier and less time-consuming. You can also upload other files like documents, PDFs, and more. 
To upload an Excel file (or any file) to GPT-4o, simply click the paperclip icon on the bottom left corner of your screen:
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Once you’ve clicked it, you’ll be able to upload your file.
It will then appear on your screen like this:
Below your file, you can write your prompts, ask ChatGPT to assess and analyze your file, create charts with the data, provide insights and advice, and more.
2. Analyze data and create charts
Once you’ve uploaded your data file, you can start asking questions to help analyze the data. You can even ask GPT-4o to create a chart based on the data you’ve provided. 
Here are a few simple examples of the types of charts and graphs that GPT-4o can create:
[Note: We’ve used simplified fictional data for demonstration purposes.]
Analyzing financial data in GPT-4o
To help you get to grips with how you can use GPT-4o in finance or data analytics, let’s look at an example.
We’ve used some ‘dummy data’ to test and demonstrate how finance can leverage this technology in their roles.
So, let’s begin by assuming we’ve just uploaded the data below and GPT-4o has put it all into this nice, clean table for us:
Now we’re ready to begin analyzing this data. So, we asked ChatGPT this question as a starting point:
Analyze the cash flow forecast for 2024 and identify any potential liquidity issues. Highlight any months where the cash balance is projected to fall below the minimum required level of $50,000.
When we asked GPT-4o about the monthly cash flow, it provided a list showing the cash balance and liquidity position for each month.
For example, January was noted as having a cash balance of $60,136.25 and no liquidity issues since the cash balance is above the minimum required level of $50,000.
Moving through the months, it provided similar insights. In May, GPT-4o reported a cash balance of $47,788.65 and therefore notified us that there is a liquidity issue identified because the cash balance was below the minimum required level of $50,000.
If we want to look into the data even further, we can ask more questions to get GPT-4o to perform data analysis.
Here are some examples of the questions we asked, and the responses that GPT-4o gave in return:
Q. Which months have the lowest cash balance, and what could be the potential reasons for this?
Q. Calculate the average monthly cash inflows and outflows for 2024.
Q. Identify and explain any months where cash inflows are significantly lower than average.
We’ve used quite a simple example, but it shows just how well GPT-4o can analyze financial data. We suggest trying it out for yourself and seeing what types of insights you can get back from it.
By leveraging GPT-4o, you can process and analyze data to discover deeper insights and improve decision-making.
How to use Gemini AI with Google Sheets
Google’s latest breakthrough in artificial intelligence, Gemini, has many finance pros anticipating its transformative potential in data analysis and decision-making.
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Voice conversations
Aside from data analysis, GPT-4o offers extra capabilities for natural conversations and streamlined workflows.
With the new Voice Mode, you can engage in voice conversations with the AI directly from your computer. This feature lets you do things like brainstorm ideas or discuss pressing topics in finance using speech input and output. 
Desktop app – GPT-4o
OpenAI is launching a new ChatGPT desktop app for macOS, so you can now access GPT-4o via the app (it’s also available for both free and paid plan users).
This app integrates with your computer, so you can access the AI instantly using a keyboard shortcut (Option + Space).
From there you can ask questions, take screenshots, and discuss them directly within the app.
The desktop app also offers features like screenshot capture and annotation, making it easier to collaborate with the AI on visual content or seek clarification on specific elements within an image. This might be particularly useful if you want help analyzing charts, graphs, etc.
Math problems with GPT-4o
OpenAI posted the video below to demonstrate how you can use GPT-4o to help with math problems.
It’s interesting to see how well this AI tool performs mathematical problems. Perhaps it’ll be just as useful for helping with things like financial formulas or calculating metrics for your next report, etc.
Of course, it’s important to double-check the answers you get to make sure you’re getting accurate responses!
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FAQs
What is GPT-4o?
GPT-4o is OpenAI’s latest flagship model that can reason across audio, vision, and text in real-time. OpenAI claims it’s a step “towards much more natural human-computer interaction.” 
How is GPT-4o different than other versions of ChatGPT?
GPT-4o differs from other versions of ChatGPT by offering improved performance, including faster response times and better handling of complex queries, while retaining the comprehensive language capabilities of GPT-4.
Is GPT-4o free?
Yes, GPT-4o is available to users of the free version of ChatGPT.
Is GPT-4o better than GPT-4?
GPT-4o is considered as an optimized enhancement of GPT-4, offering better performance in terms of speed and efficiency. However, the core language capabilities remain consistent with GPT-4.
Is ChatGPT 4o available?
Yes, GPT-4o is now available to users. 
What does GPT-4o do?
GPT-4o can assess, summarize, and converse with users via text, visuals, and audio. It also answers your queries by combining both model knowledge and information from the internet, helping to provide even better insights.
What’s new about ChatGPT 4o?
GPT-4o is a new, optimized version of OpenAI’s GPT-4, designed to enhance performance and efficiency while maintaining the robust language understanding and generation capabilities of its predecessor. It can now converse with you using images, audio, and video.
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paynxt360fintech · 11 months
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Payments app Lydia gains popularity with millennials in France
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Among various consumer demographics, marketers across industries are finding that understanding the requirements of the millennials is the most difficult as they showcase the most unpredictable behavior. In finanicial services industry also millennials are banking differently than any other consumer group; they are keen to embrace new technologies such as mobile banking, digital wallets, and alternative digital payment options, that offer them convenience and ease of use. This is the area witnessing a series of innovations, which are disrupting the way financial services industry operates. A case in point is Lydia, a leading mobile payment application targeting French millenials.
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