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Capturing Green Growth with Green Technology Our well-being is highly dependent on the preservation of our natural assets, and green growth ensures economic growth that fosters environmental sustainability with reduced carbon emissions. While our natural assets are not available in unlimited quant
Key Drivers for Operational Efficiencies Across Financial Operations An organization’s financial operations require visibility and control to stand strong in an extremely competitive market. Well-executed and timely processes for a company to effectively implement financial strategy, it needs access to accurate data and t
Data to Decisions: Effective Operational Strategies for CFOs As a financial architect, CFO forecasts a company's journey from where it had been to where it will be in the given period using his financial planning and forecasting skills. Most company CFOs find it difficult to bring operational effectiveness when i

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Open Finance is Here; Here’s What You Should Know

Open Finance is Here; Here’s What You Should Know

Financial ecosystems are changing to better serve customers and enhance the personal finance experience. The idea of open banking started to become popular in the early 2000s as online banking and mobile applications became more prominent in personal finance. This philosophy, which is the foundation for the future of finance and our economy as a whole, allows third-party financial institutions to use secure connections to pull and analyze data from your bank accounts.

With open banking, customers can access enhanced analytics about their transaction history and easily share bank data with other applications and businesses – think Venmo or PayPal. It took many years for consumers to gain today’s level of comfort with this concept, but as its use cases were tested, consumers began to want more from open banking.

Next, came open finance. Open finance builds on the same concepts and principles as open banking, but it takes things up a notch. With open banking, a customer’s financial picture is still incomplete: mortgages, loans, and retirement accounts are all outside of the scope of open banking. Open finance merges valuable insights and information from a person’s overall financial picture.

As personal finances become more easily connected, they form a web, making it easy to manage financial decisions and draw actionable insights from a number of sources. Open finance might look like allowing a mortgage lender to see the holistic view of your financial situation before determining your mortgage loans, instead of just your income, credit score, and checking account. Open finance will continue to evolve, and eventually, experts believe an open economy will be the next prevalent concept in the chain.

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If Your Passionate About Your Financial Success, You Should be Just as Passionate About Climate Change
If Your Passionate About Your Financial Success, You Should be Just as Passionate About Climate Change

Climate change is already having an impact on your finances; it’s time to start paying attention.

The Battle with Inflation Isn’t Over but There is a Light at the End of the Tunnel
The Battle with Inflation Isn’t Over but There is a Light at the End of the Tunnel

Led by the US, hopes of falling inflation are reaching around the globe, and though it’ll take patience, our ability to navigate these challenges is unwavering.

The Rise of Quantum Computing Serves a Powerful Purpose for Financial Services Firms
The Rise of Quantum Computing Serves a Powerful Purpose for Financial Services Firms

To take further improve on data analytics, quantum computing capabilities can process more data, produce the most accurate insights, and drive investment decisions.

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