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Chinas financial sector, from banks to brokerages, is rapidly incorporating DeepSeek, the nations champion in AI, for customer service, dataanalysis, and email sorting. Customer chatbots running on DeepSeek are the most common financial sector applications.
A quick break from book authorship to share a fascinating set of data and charts, via Sam Ro. In his weekly missive, Sam points to some amazing charts from Global FinancialData. They are based on historical data that looks at 200 Years of Market Concentration. You might be surprised at the findings.
Compounded over many rows, even a simple mistake can lead to faulty financialdata. Large or small business that use spreadsheets are taking a risk: Boeing leaked employees’ personal data in a hidden spreadsheet column. Siloed financialdata can lead to false assumptions because insight isn’t based on a complete picture.
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I taught six different classes ranging from a corporate finance class to undergraduates to a central banking for executive MBAs, and while I spent almost all of my time struggling to stay ahead of my students, with the material, it set me on a pathway to being a generalist.
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From a Press Release Dated March 6, 2025, Schaumburg, Illinois (Photo by Çağlar Oskay on Unsplash ) Bectran, a SaaS platform for credit departments, has launched a faster bank verification method with built-in risk scoring.
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FinTech firms have reportedly been accusing banks of preventing access to the financialdata of end-users. With PNC Bank , in one case, clients noted they were unable to link accounts to Venmo. The bank has suggested that those Venmo users switch to Zelle per tweets from PNC. Fun, Cool and Otherwise Interesting.
Excel may be an easier target for hackers due to inadequate encryption features for protecting your sensitive business information, such as identifiable details and confidential financialdata. Bank reconciliation: Because employees can quickly modify or change numbers, you may run into false reconciliations.
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Your employee satisfaction and retention will suffer, and your business leaders just won’t have the financial insights they need to make better decisions at the speed they now expect,” said Planful CEO Grant Halloran at the Planful Perform event for finance and accounting professionals. 1 – Move your data to the cloud.
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