Christian Bagatsch’s Post

What business objectives will financial services firms prioritise this year? A survey from Johnston Carmichael Chartered Accountants and Business Advisers polled 250+ senior executives at UK-based financial services firms and found a growing focus on technology, specifically automation, across the sector. Here are a few standout stats: 👉🏼 25.7% of financial services companies cited automation as a priority for their business this year 👉🏼 40% of wealth and investment management firms, and 40% of corporate and investment banks used automation to control costs over the past 12 months 👉🏼 32% of fintechs said they considered automation of processes to be the most important area of investment We’ll likely see a rise of companies using automation technology like UpSlide to drive efficiency and cut costs in 2024. 👀 Is your company prioritising technology investments this year? https://okt.to/dG2sV5 #productivity #technology #CIB #finance

In an era dominated by digital transformation, the finance industry is experiencing a massive shift in its landscape. Traditional finance roles and departments are evolving rapidly, driven by the integration of technology and the demand for specialised skills. Read our full blog post: https://lnkd.in/d-ThJJkz #CAFinancialAppointments #BlogPost #EvolutionOfFinanceRoles

Mid-sized enterprises facing economic challenges are prioritizing digital transformation to enhance efficiency and productivity. Focusing on finance first can yield quick, measurable ROI. Optimizing the finance function frees leaders to engage in higher-level activities like data analysis and strategic planning. Automation in finance reduces errors, compliance risks, and manual tasks, while improving cash flow and visibility. Early gains in finance automation demonstrate the value of digital transformation and lay the groundwork for future innovations. Embrace automation in finance for quick wins and long-term success. Credit: @Techday Australia #DigitalTransformation #FinanceAutomation #Efficiency #Productivity #StrategicPlanning #DataAnalysis #Compliance #CashFlow #Innovation #QuickWins #NimaccBL

Better understanding the competencies, capabilities, and technologies your organisation needs puts you closer to becoming a finance futurist. Explore the expertise, solutions, and technology that will get you there: https://w.day/4d5zMFB . #TeamWDAY

The move towards embedded finance is driven by technological advancements and evolving customer preferences for a smoother, more integrated financial experience. As more businesses embrace embedded finance, financial and banking institutions are challenged to adjust to a new environment shaped by the development of need-based ecosystems. Discover four priorities for embedded finance transformation in PwC’s article below! #embeddedfinance #finance #smallbusiness #innovation

Mind the gap! A recent survey by Professional Adviser reveals that 72.4% of financial advisers doubt the effectiveness of the FCA’s advice/guidance review proposals in permanently closing the advice gap. Only 3.4% believe it will bring a lasting solution, while 24.1% remain undecided. But fear not! We have a solution. Research on the advice gap suggests that making financial advice more affordable and accessible is key 🔑 . By seamlessly integrating hybrid and digital advice into your advisory processes, you can simplify and cost-effectively reach a broader client base. This approach offers more choices and bridges the gap between guidance and traditional advice, allowing advisers to achieve better outcomes for a larger audience. Are you curious to delve deeper into this topic? Check out our whitepaper 👇 #finance #fintech #financialadvisor #financialplanning

Financial Services Playbook #Technology transformation is key to maintaining your financial institution’s competitive viability. Consumer demand is driven by digital convenience, the regulatory landscape is ever-changing, and net interest margins are razor thin. Your IT colleagues are busy keeping up with a long list of mission-critical projects, making it difficult for finance to get on the digital modernization agenda. This could mean you’ll be spending another year with antiquated processes and limited insights—a position you can’t afford to be in as the industry and market are in constant flux. #Finance is no longer solely viewed as an administrative support function and has become a vital function driving #transformation journeys. Without a strong business case, your digital modernization projects may still struggle to get priority. At Oracle, we’re helping financial institutions design and #implement agile modernization journeys that allow finance to fulfill its strategic role as an integral partner to the success of banking and insurance institutions. https://lnkd.in/dNQeJwUH

This is a great introduction to #EmbeddedSavings but for anyone in a rush, I’ve asked AI to summarise the whole thing for you. You’re welcome. - Embedded finance refers to financial services that are integrated into non-financial environments. For example, opening a savings account directly within a retailer's website instead of going to a bank's website. - Embedded finance is growing rapidly, driven by increased demand for financial services accessibility and advancements in technology like APIs that make integration easier. - Major players across industries are getting into embedded finance, like retailers offering savings accounts or car companies providing insurance. It's creating an "embedded finance ecosystem." - Incumbent financial institutions like high street banks risk losing relevance if they don't embrace embedded finance. They need to view it as an opportunity and partner with non-financial players. - Keys for embedded finance success include seamless integration, win-win partnerships, data sharing and utilisation, building trust, and regulation. - Challenges include navigating partnerships, legacy tech limitations, data privacy, and organisational resistance. - PwC recommends financial institutions take an active role in this transformation via funding, providing infrastructure, cross-sector collaboration, and shaping regulation. In summary, embedded finance is transforming how financial services are delivered and UK banks need to adapt to this shift or risk losing out. Collaboration across industries will be key

Mr. Ahmed Ali Abdelrahman, our CEO & Managing Director, will be a speaker at The Enterprise Finance Forum. His panel, titled “Do We Love Banking SMEs?” will explore how institutions can effectively support small and medium-sized enterprises in today’s evolving financial landscape. With insights on leveraging technology and navigating new opportunities, this is a session you won’t want to miss. #EnterpriseAM #EnterpriseAMFinanceForum #FinanceForum2024 #PostforInvestment https://lnkd.in/depxB5Bp

Optimize your capital expenditures with Easy CIP! Tailor-made for government finance managers to plan & track funds efficiently. Dive in at buff.ly/3XQflVu #FinanceManagement #GovTech