Are you a tech evangelist? From developing a coherent and workable strategy, knowing how data and analytics will drive finance forward and learning to anticipate the disruptive technologies which may challenge your business models, tech savvy CFO are on the frontfoot.
Automation is one of the key strategies driving financial reporting says Nienke Krüger. Oracle's Ronnie Toerien: Organisations are seeking to accelerate their digital transformation. Deloitte Analytics' Catherine Stretton: The time is right for AI implementation. Finance leaders have no choice but to prepare themselves and their workplaces for the digitization revolution. Workplaces are already reaping the benefits of automation and AI, and to remain current, CFOs need to embrace self-education along with any formal training that they can lay their hands on. Ian McAlister: Software and technology solutions replace admin with professional freedom. Tom Wells: Covid-19 provides an opportunity to transition towards a more digital, remote and dynamic workplace. Neil Buckley, Apex BI: something CFOs should know about but all too frequently don't. Organisations are under pressure to become more innovative and adaptable, says Obsidian's Muggie van Staden. The app is a mobile solution to VAT queries by enabling easy navigation through South African VAT legislation content. CFOs need to be adaptable, agile and forward-thinking in order to weather the storm and stay relevant. Maricelle Boshoff: Although AI is still in its early stages for ERP, the demand for the technology is rising. AgileIT CEO Nick Truran highlights three IT areas to focus on to achieve significant savings. BlackLine gets its message out there: It's possible to have finance automation control and visibility. Steven Sidley says SA enterprises with on-premise server rooms and data centres are sitting ducks. Altron Karabina's Paul Morgan says finance teams that use technology wisely can have a huge impact on results. Finance teams are under pressure. Collaboration software gives them more time to focus on strategy. Oracle's Phumzile Skosana outlines how to move beyond Excel and automate your FP&A process. TreasuryONE's Rudolph Janse van Rensburg says that since we can't make more time, RPA can optimise productivity. Altron Karabina's Dave Ives explains the benefits of migrating ERP systems to the cloud. Oracle's Audrey Mbuyazi: Technology frees finance professionals from mundane tasks, giving them more leave days. Customers are becoming more tech-savvy as Fourth Industrial Revolution becomes more entrenched. Speaking at the Finance Indaba, Thomson Reuters' Hari Ganesh Kumar made the case for tech transformation. Transunion CEO Lee Naik told Finance Indaba that finance professionals must work harder to stay relevant. Criminals will always be smarter if the right measures are not put in place. With the advancements in financial technology, accountants need to operate an integrated financial reporting ecosystem. Used effectively, data has the ability to transform the way we do business. "Robots are not coming for your jobs. New technology means that jobs will be reinvented." Some rules are obstacles to success, said Marnus Broodryk in his opening keynote at the Finance Indaba. Junior Biola, EasyDebit CEO, says a real-time verification solution for customer verification is imperative. CaseWare Africa's Christiaan Brink is encouraging accounting professionals and CFOs to embrace financial technology. Eight CFOs gathered at the Saxon to discuss the changes the Fourth Industrial revolution will truly deliver. IMAS CEO Nkosinathi Thela says finance professionals must reskill to co-exist with evolving technology. ERP solutions are designed to boost your business's overall ability to deliver the best product or solution to your market. Oracle NetSuite's cloud-based ERP solution takes your specific industry into account to ensure this is achieved. ZAR X CEO Etienne Nel says blockchain technology likely the future of financial markets settlements. Oracle MD Niral Patel announced today that the company's investment in growth in SA remains strong. The CFO and CIO can create a holistic strategy for technology investment, explains Sage's Matthew Kibby. Despite the hype, cost and skills are what's holding 4IR tech uptake back, says Arthur Goldstuck. Internal auditors need to keep up with the pace of technology says PwC Southern Africa CEO. Companies must adopt true multi-tenancy cloud technologies and architectures, says Workday's Zuko Mdwaba. Data analytics can be used to make more forward-looking, proactive decisions and to foster more collaborative relationships. Kate Ferreira asked five CFOs about the most useful applications or types of technologies in their lives, both professionally and personally, and discovered it's not all about the newest, latest, and greatest tech on the planet, but rather how these tools and innovations are integrating into their days, unlocking insight, and - figuratively and literally - keeping the lights on. Kate Ferreira asked five CFOs about the most useful applications or types of technologies in their lives, both professionally and personally, and discovered it's not all about the newest, latest, and greatest tech on the planet, but rather how these tools and innovations are integrating into their days, unlocking insight, and - figuratively and literally - keeping the lights on. Kate Ferreira asked five CFOs about the most useful applications or types of technologies in their lives, both professionally and personally, and discovered it's not all about the newest, latest, and greatest tech on the planet, but rather how these tools and innovations are integrating into their days, unlocking insight, and - figuratively and literally - keeping the lights on. Capitec CFO André du Plessis won the Compliance & Governance and Finance & Technology Awards. Kate Ferreira asked five CFOs about the most useful applications or types of technologies in their lives, both professionally and personally, and discovered it's not all about the newest, latest, and greatest tech on the planet, but rather how these tools and innovations are integrating into their days, unlocking insight, and - figuratively and literally - keeping the lights on. Deloitte's Valter Adão is guiding internal and external clients towards an inevitable digital future. Failure to embrace the coming changes is not an option - for your prosperity and the nation's. Despite less-than-ethical behaviour in the finance industry, professionals still trust CAs to do the right thing. Accountants think basic accountancy processes will be fully automated within the next five years. Professional institutions are researching new competencies that will change their qualification, writes Kate Ferreira. Switch Innovation CEO Brett Terespolsky explains why you need human intelligence on your front line. Before robots enter the workspace, a huge uptake of remote work is likely, reports Kate Ferreira. In part 1, experts look at how accountants will focus on relationships rather than numbers. MoneyWorks's Thandeka Zondi plans to get SMEs their working capital from government and big corporates. A new report from ACCA reveals the accounting profession needs to prepare for digital development. Co-president Chano Fernandez says a large Absa implementation is just the beginning of the journey. CFO Basil Sgourdos: This enables international tech investors to access Naspers' portfolio of internet assets. The FD is completing Stanford's Emerging CFO course, to support his focus on staying relevant. TymeBank goes live with big dreams of targeting SMEs and 21 million potential customers. The FD tells how she joined Comair to simplify her life, then her career took off. "Integrated employee experience", admin automation and the gig economy will revolutionise our workplaces. The Fourth Industrial Revolution is upon us. Finance Indaba speakers explained how to be prepared. A rising middle class and extensive mobile penetration make Africa a land of opportunity for insurers. WiFi, IoT, personalised services - smart cities are providing businesses with opportunities to grow and flourish. Obsidian's Muggie van Staden: "2019 is going to be an intriguing year for open source." Syrex's Ralph Berndt: Companies must be able to operate in the face of malicious cyber-attacks. Lauren Berrington, Bidvest's chief audit executive, and her team brought an audit bot to life. The Enterprise Solutions head says CFOs are now important players in taking calculated technology risks. CFO South Africa asked the insurance CFO about his role driving the group's FinTech revolution. Global FinTech company Oradian has announced a strategic partnership with the Association of Non Bank Microfinance Institution of Nigeria Increased use of machine learning and cloud services could place the financial world in jeopardy South African billionaire Patrice Motsepe's African Rainbow Capital is set to acquire 90% of TymeDigital for an undisclosed sum The University of Cape Town has launched a massive open online course examining the rise of FinTech companies, regulation and related technology. A report has confirmed that the greater Cape Town area, including Stellenbosch, is Africa's tech capital. Africa's FinTechs have received almost $100 million already in 2018, with prospects for the sector looking bullish Standard Bank's CFO of Group Tech says that CFOs "sticking to their knitting", could result in the next large corporate failure. The working capital marketplace for corporates and their supply chains has realised turnover growth of over 2 000% Nine out of 10 FinTech startups fail to get beyond the seed stage, as risk-averse investors prefer to wave their wallets at later-stage companies Zimbabwean President Emmerson Mnangagwa was on hand as C-Trade, the country's online and mobile shares trading platform, went live. Amazon Web Services has announced the launch of a new Amazon CloudFront Edge location in Cape Town. Keep your CFO's hands off the tech budget, and put your CIO on the board. Patrice Motsepe's African Rainbow Capital is reportedly in talks with the Commonwealth Bank of Australia to become the sole owner of digital bank TymeDigital Enterprise technology management company Blue Turtle has unveiled a new go-to-market strategy. FNB is once again the best digital bank in the country, according to Columinate's latest SITEisfaction survey. A much-anticipated report from the US Treasury on regulatory reforms for the FinTech sector is set to recommend the use of regulatory sandboxes and fintech charters at both a state and federal level While mobile has been around for more than a decade, it's only now being included as part of the broader communications strategy and not added as an afterthought to the creative process Retailers to benefit from analytics tools, FinTechs from a joint platform Banks are increasingly adopting FinTech because it allows them to improve their business performance and enhance the customer experience. Global consumer spend on digital commerce will reach $14.7 trillion by 2022, up by 60% on last year's figure of $9.2 trillion The South African Reserve Bank (SARB) has announced that it will soon launch a report on Project Khokha, the first project by its recently launched FinTech Unit According to Deloitte, seven technologies have growing interaction and relevance for how the work of finance get done The firms are pushing ahead with efforts to drive innovation in the financial services industry Mastercard has launched the new programme called Accelerate to drive growth of FinTech firms and help them reach scale at speed Bitcoin marketplace Paxful plans to set up what it describes as the continent's first blockchain incubation hub in Lagos BCB Group is making available its proven infrastructure to financial institutions through a bespoke service enabling them to integrate cryptocurrency trading services seamlessly into their own platforms SARS will apply normal income tax rules to cryptocurrencies and expect taxpayers to declare cryptocurrency gains or losses. Millions of people in East Africa are paying punitive interest rates for credit or are frozen out of access to financial services "Nothing has captured the imagination in this new FinTech age quite like cryptocurrencies, specifically Bitcoin" Former FNB CEO Michael Jordaan is once again revolutionising the banking sector with the launch of Bank Zero - a 45% black-owned app-driven bank Humaniq has announced the launch of its Android App to enable users in Africa to access to next-generation financial services with facial recognition Rehive has built a flexible, easy to use platform to attract entrepreneurs A key element of Mint's strategy is to provide remittance services via its mobile wallet for its customers In Sierra Leone, three financial technology start-ups are setting out to test new ideas on contributing to the SDGs through greater financial inclusion The BCX founder joins executive directors Dean Sparrow and Anton Gaylard, co-founders of Crossfin The industry in Nigeria is being held back by the lack of sound regulation It is the first move by a bank to outsource the provision of some of its client-facing banking services to a technology platform BCX is investing R100 million to grow scarce digital skills in ICT infrastructure and software programming alongside cybersecurity, fintech and artificial intelligence Azar Bank will be South Africa's first 100% black-owned digital bank Bitcoin passed $18,000 when it began trading on the Cboe on 10 December, causing excitement in some, angst in others Viola has announced an initial closing of $100 million toward a target of $120-$150 million, for a new global FinTech fund New solution aims to facilitate Kenya and its highest rate of mobile payment technology adoption in the world. The company was created to address the funding gap left by the formal banking sector and Micro-Finance Institutions in Africa The new hub aims to further the development and acceleration of firms as well as the interaction between investors, entrepreneurs, government bodies and financial institutions Ovamba co-founder Viola Llewellyn has become the first female African tech founder to speak at Slush's Central Stage Leading neuroscientists, robotics and data scientists share their thoughts on what AI and robotics mean for the continent. South African FinTech startup Fo-Sho has launched a product aimed at making short-term insurance with long-term benefits via self-insurance widely accessible Nigerian and Kenyan FinTechs have made the prestigious list of 50 emerging companies in the sector FNB retained its Incumbent Bank title at the African FinTech Awards 2017 Ovamba has facilitated a large-scale cocoa distribution deal UK FinTech Glint has launched a service which enables customers to own portions of gold bars and make payments using the bars The second Singapore FinTech Festival began this week, featuring over 25 000 participants from over 100 countries and more than 160 leaders from central banks and regulatory agencies, financial institutions, venture capital firms and fintech companies taking to the podium.CaseWare Africa launches Interim Financial Statements
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Global FinTech company aims to transform Nigerian micro-finance environment
AI could lead to global financial meltdown - WEF
Patrice Motsepe's ARC assumes control of TymeDigital
UCT launches new FinTech course
Cape Town claims mantle of Africa's tech capital - report
Africa's FinTechs receive $100m boost
CFOs SHOULD be involved in tech, says Standard Bank's Sean Berrington
UK's Crossflow becomes fastest-growing FinTech globally
FinTechs told to follow the money or crash and burn
Zimbabwe launches revolutionary share-trading platform
Amazon Web Services launches new Cloudfront Edge server location in SA
CFOs - stick to your knitting, says CTO Steven Sidley
Motsepe-backed ARC mulls TymeDigital takeover
Blue Turtle launches FinTech go-to-market for Africa
FNB wrests best digital bank title from Capitec
US Treasury FinTech report to make regulatory recommendations
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Wirecard and Visa enter into strategic FinTech agreement
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Global digital commerce spend set to breach $14,7 trillion by 2023
Reserve Bank to release debut FinTech report
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Abu Dhabi Global Market and KPMG launch innovation challenge
Mastercard launches digital banking intiative
Paxful to launch Nigerian incubation hub
BCB Group launches first institutional cryptocurrency prime brokerage service
SARS talks tough on cryptocurrency gains
Croatian FInTech opens up African micro-loan market
Financial service group launches Bitcoin trading app in SA
Financial services supremo Michael Jordaan launches app-based bank
UK FinTech Humaniq launches biometric app in Africa
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Dubai's Mint to integrate blockchain into existing tech
FinTechs spur financial inclusion in Sierra Leone
Isaac Mophatlane joins Crossfin board
FinTech has potential to create 3 million jobs - former Nigerian minister
Investec forms groundbreaking partnership with UK FinTech
BCX pours R100 million into digital skills development
Lebo Gunguluza launches digital bank
Bitcoin debuts on major exchange
Israeli fund targets global FinTechs
Opera launches web payment platform in Kenya
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Bahrain launches largest regional FinTech hub
Ovamba co-founder makes historic Slush conference appearance
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InsurTech Fo-Sho looking to transform SA marketplace
African FinTechs feature in KPMG report
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African FinTech Awards winner Ovamba moves into commodity exports
UK FinTech launches gold-bar based payment service
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