TECHNOLOGY IS TRANSFORMING THE TAX DEPARTMENT

Infographic | December 1, 2021

But what is Big Data? In a nutshell, it is the ability to retain, process, and understand data like never before (Zikopoulos, 2015). Big Data is when you have challenges that cannot be handled by traditional database systems. Challenges in the context of Volume, Variety, Velocity, Veracity. These can be found in Financial Services. In fact, technology is so integral to banking that financial institutions are now almost indistinguishable from IT companies. This article looks at the Financial Services industry to examine Big Data and the technologies employed. It further covers ROI, Big Data analytics, regulation, governance, security, and storage as well as obstacles and challenges that have made the industry what it is today.

Infographic | March 9, 2020

How well we manage our money is more important for our financial wellbeing than the size of our income. You see…the default for most of us is to pay for whatever we need to pay for and then “save” the rest. This is not a sound financial plan. Most Australians live pay cheque to pay cheque. While there are numerous root causes for this, they all manifest as a failure to manage money effectively.

Infographic | November 30, 2021

A banking infographic helps to communicate complex or dry banking and financial information in a way that's engaging and memorable. Banking infographic templates can be used as a starting point to create your own, versus starting from scratch by yourself or spending thousands of dollars to get one designed. Banking infographics are a great way to tell a story and engage visitors visually. Banking infographics will help you better communicate the features and benefits of the different types of accounts that your bank offers. This will ultimately increase conversion rates because your potential clients will have a better understanding of all the features that they receive when opening an account with your bank.

Infographic | August 17, 2022

There was an increase of 70% in losses due to banking fraud in 2021. Over 2.8 million consumers reported banking fraud to the FTC.

Infographic | February 3, 2020

A number of core financial hubs are anticipated to underpin the future of finance. Although New York maintains the top spot, some executives surveyed believe that the top financial center could shift to Shanghai, Singapore, or Hong Kong.

Infographic | March 30, 2022

Automation has a critical role to play in managing the financial processes. Fraud prevention: Financial teams need best practices to manage and detect fraud in financial activities.