I know what Artificial Intelligence (A.I) is and I see Robotic Process Automation (RPA) in the press all the time, I hear you say, but can these new technologies really make a difference to my business’s management of our finance processes?

Let’s explore the technology first, then look at the challenges in finance and accounting that A.I and RPA go some way to meeting. 

The difference between A.I and RPA

Bonn. Gartner has positioned the SER Group as a Challenger in the newly published 2018 Magic Quadrant for Content Services Platforms (CSP)*. The SER Group, the only European ECM vendor among the Challengers, credits the positioning to its strong international market presence, clear vision and diverse product attributes.

Wolters Kluwer Compliance Solutions today named both Citizens National Bank of Meridian, Miss. and Boston-based Eastern Bank as winners of its 2018 Community Impact Award. The award honors financial institutions for the breadth of their positive impact to low- and moderate-income communities, and their innovative application of community development programs where they do business. 

Automated Know Your Customer (KYC) solutions provider, Cynopsis Solutions, today announces that it is launching its Europe, Middle East and Africa (EMEA) operations from new offices in London.  

AxiomSL, the leading provider of regulatory reporting and risk management solutions, announces today that Openbank, the digital bank of Santander Group headquartered in Spain, has selected AxiomSL’s strategic platform to implement Central Bank, Capital, Liquidity, Trade and Transaction and AnaCredit reporting on a global level, for both European and South American countries.

As a Money 20/20 series regular, arriving at this year’s show in the ever-buzzing Las Vegas, I prepared myself for four days packed with futuristic visions and startling concepts for how we might be paying in fifty years’ time. Bizarrely refreshingly, however, was the return to the near future. Or, rather, the realization that those topics once considered shiny and futuristic were now making real progress on the path to consumers.  

ChinaPay, a Chinese financial services and payments provider, and PPRO Group, a cross-border e-payment specialist, announces today a partnership to bring over 15 European alternative payment methods (APMs) to ChinaPay’s Chinese merchants. The partnership will help to expand the merchants’ customer reach across Europe, with the possibility of adding additional APMs in the future.

Cyber Security Base with F-Secure, a free online course series developed by the University of Helsinki and F-Secure, is now open for its third year. The course series, designed to give students the practical skills and knowledge required for a career in cyber security, exemplifies some of the unique strategies companies and educators are using to address a global cyber security talent shortage. 

Duco, the global provider of enterprise data quality and reconciliation services, today announced that former HSBC and Merrill Lynch veteran Spencer Lake has joined the board of directors as a non-executive director. The company has also significantly bolstered its senior management team with the appointments of Danielle Price as Head of Finance and Operations, Peyton Kay as Vice President of Strategic Marketing, and Scott Glazer as Head of Sales, North America.