Financial Management, Investment Management

Challenges and opportunities of the metaverse in the financial services

March 24, 2023

Challenges and opportunities of the metaverse in the financial
Experts agree that the metaverse, from both a technological and also a business perspective, still has a long way to go before reaching its full potential. Some sources, including Meta founder Mark Zuckerberg himself, estimate that it will take a minimum of ten years before his promise will be fulfilled. According to Gartner, only one in four people will spend an average of one hour per day in the metaverse by 2025 and only 30% of companies will have products or services ready for this new space.

Spotlight

Commonwealth Financial Network

If you’re a financial advisor with a single-minded focus on doing right by clients, Commonwealth is the independent B/D–RIA whose vision is in sync with yours. Whether you operate as a Registered Representative, Registered Investment Advisor, Investment Advisor Representative, or Hybrid advisor, you can take full advantage of a community that exists solely to help you serve your clients and support your business at every stage of its evolution. Let us tell you about a technology platform that integrates every aspect of your clients’ financial lives into a single holistic view. An infrastructure that offers the advisory services, research, and other resources you need to deliver what’s best for clients. And direct access to the support you need at every level, including from our managing partners.

OTHER WHITEPAPERS
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Automated Payroll Posting

whitePaper | January 27, 2022

Automatically generate and post accounting entries from your monthly Payroll files.

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Restructure Your Bank for the Digital Age Using APIs and Microservices

whitePaper | July 27, 2022

It’s time for financial services providers to stop firefighting external challenges and technology developments and start taking control of their own destiny. That doesn’t mean taking on the full burden of core banking transformation as an individual enterprise, assuming it as a competition point – but instead working together with the wider industry to build a standardized model. From there, financial enterprises will be empowered to compete in the areas that matter – namely, the service and products they offer to customers.

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Intercompany Financial Management: An Essential Discipline for Multinational Corporations

whitePaper | May 16, 2023

Intercompany financial management (IFM) is a discipline for structuring and handling transactions within a corporation and between its legal entities designed to maximize staff efficiency and accounting accuracy while optimizing tax exposure, minimizing tax leakage, and ensuring consistent tax and regulatory compliance. According to Ventana Research, by 2025, one-half of large enterprises will have implemented IFM to achieve tax, risk management, and financial close benefits.

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The rise of open banking consumer report

whitePaper | June 27, 2022

Seldom is a whole landscape changed by a singular innovation, but when it happens, it’s undeniable. Online retail, smartphones and cloud computing have all profoundly impacted the way our society operates, both in our business and personal lives.

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WHITE PAPER - Globiance

whitePaper | July 4, 2022

The goal of the Globiance White-paper, is to offer the reader a comprehensive understanding of Globiance services and platforms, the problems it addresses and the technologies used to solve them. Anyone who regularly engages in trade and finance and is looking to integrate crypto currency usage with on-line banking facilities, will find reading this White-paper essential, while also discovering the specifics about Globiance.

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Bank Accounting Advisory Series

whitePaper | August 1, 2022

The Office of the Chief Accountant (OCA) is pleased to present the August 2022 edition of the Bank Accounting Advisory Series (BAAS). The BAAS expresses the OCA’s interpretations of accounting topics relevant to national banks and federal savings associations (collectively, banks or institutions, unless otherwise specified). We hope that you find this publication useful and that it continues to be a practical resource for bankers and examiners. The BAAS is updated annually to address ongoing accounting questions, newly issued and updated accounting standards, and emerging issues observed through March 31. Consistent with prior editions of the BAAS, the 2022 update does not focus on questions related to the impact of the Coronavirus Disease 2019 (COVID-19) and does not reflect policy statements and rules issued in response to the COVID-19 pandemic. COVID-19 policy statements and rules address specific challenges and are not intended to be used by analogy in non-COVID-19 situations.

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Spotlight

Commonwealth Financial Network

If you’re a financial advisor with a single-minded focus on doing right by clients, Commonwealth is the independent B/D–RIA whose vision is in sync with yours. Whether you operate as a Registered Representative, Registered Investment Advisor, Investment Advisor Representative, or Hybrid advisor, you can take full advantage of a community that exists solely to help you serve your clients and support your business at every stage of its evolution. Let us tell you about a technology platform that integrates every aspect of your clients’ financial lives into a single holistic view. An infrastructure that offers the advisory services, research, and other resources you need to deliver what’s best for clients. And direct access to the support you need at every level, including from our managing partners.

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