The No-Code Overhaul of Financial Services
The diverse needs of the fintech industry range from app-based online banking to providing real-time data for trading and brokerage. Rapid processing of vast amounts of data with the highest standards of data integrity and correctness is a non-negotiable with any financial service. In an industry where a single mistake can snowball into a disaster, automation can steer companies away from mistakes that can have serious financial repercussions.
No-Code automation goes through extensive testing processes to make sure that everything runs smoothly. The rapid development needed in the competitive finance industry has multiple companies vying for market dominance hence the need for constant innovation. With No-Code, companies can keep up with market demands at a fraction of the cost.
Food for Thought
3 Major Impacts of Financial Automation Now and in the Future
Businesses expect systems to be tightly synchronized, with reduced data entry effort/error and with one hand of the business knowing what the other hand is doing. As more systems become key ingredients of client engagements, CPAs will be expected to orchestrate collaboration to deliver results, insights and efficiencies for clients.
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RPA in Financial Services
PwC defines robotic process automation in financial services
Solactive, a German fintech, takes a $60.4M growth investment from Summit Partners
German fintech Solactive, a technology-enabled provider of indices and index solutions to the global financial services industry, has taken a $60.4 million / €50 million minority investment from growth investor Summit Partners.
Cleo, the AI-powered ‘financial assistant’, raises $44M Series B led by EQT Ventures
The London-founded “financial assistant” that takes the form of an app and chatbot and now counts the U.S. as its largest market, and has raised $44 million in Series B funding.
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