Many CFOs (64 percent) are concerned about being out of sync with the rest of their company when it comes to driving enterprise-wide efficiency by adopting digital technologies.1. At Future Digital Finance, you’ll learn directly from innovators leading the way, and leave with tactical strategies to transform your banking operations. The Finance 2020 organization will be the go-to source for decision support, delivering analytic insight to drive strategy across economic, market, competitor and customer perspectives. The Digital Finance Outreach 2020 is an initiative launched by the European Union to better understand, … Managing Director, Head of Digital (US), Srikant Iyer This webinar highlights how the digital transformation impacts finance, and how finance can adopt new technologies to be aligned with business changes. A few key technologies will facilitate this inevitable banking transformation. The technologies and innovations that we’ve seen coming out of the fintech ecosystem are too helpful, efficient, and profitable to be ignored. The future of finance is digital. NOT JUST A STREAM - AN ONLINE EVENT WITH NETWORKING The event is built on the most advanced online event platform, where you can utilize smart matchmaking, discuss with all the other participants and speakers, arrange meetings and calls, and visit virtual exhibitor booths. “The topics were interesting and speakers and materials were of very high quality. Where are you on that progression? ", Future Digital Finance brings together senior financial services professionals responsible for innovation, experience, and digital strategy. Beth Johnson The future of finance CEOs are looking to the finance function to take on a considerably broader and deeper set of strategic responsibilities than ever before. Chief Experience Officer, John Thomas 1 Accenture 2018 CFO Reimagined research. Shaping our clients’ future, combining deep business insight with technology. Digital finance and financial inclusion have several benefits to financial services users, digital finance providers, governments and the economy such as increasing access to finance among poor individuals, reducing the cost of financial intermediation for banks and Fintech providers, and increasing aggregate expenditure for governments. Walk away with actionable take-aways to remain competitive and exceed the expectations of your customers. To unlock the value of digitalization, CFOs must develop a comprehensive artificial intelligence (AI) strategy as part of a broader digital road map. This dramatically decreases the need for humans to perform time-consuming reconciliations, and the need for control testing largely goes away. Webinar: The future of (digital) finance Digital technology is transforming the way we do finance. Deloitte's original point of view, Crunch time: Finance in a digital world - based on extensive research with finance executives, including in-depth interviews with CFOs of global businesses - explores the various digital disruptors and may be the quickest way to understand what's in store for finance organisations as they hurtle toward the future. Digital technologies may be the most effective way to manage the challenges of today’s fast-changing business environment. The financial industry has, perhaps, been one of the areas most impacted by the digital revolution. The new imperative for business is exponential growth. The digital future: Emerging use cases Digitization is now a realistic goal for the finance function because of a range of technological advances. From digital banking to complex systems which monitor and analyze our financial health and well-being; nearly every aspect of finance has been impacted. Future Digital Finance Virtual Event | January 2021. EVP, Innovation and Technology, Mayank Mishra Even by 2021, CFOs anticipate that less than 50 percent of all finance tasks will be performed by machines.2 Forward-thinking CFOs need to declare that position unsustainable. As a conceptual basis for reviewing this field, the Digital Finance Cube, which embraces three key dimensions of Digital Finance … While digital financial services have undoubtedly supported many households during the pandemic, they still do not reach many households, especially the poorest, even in the countries with the highest rates of penetration. At Future Digital Finance you’ll attend targeted sessions built with your pain points in mind. The reality of digital disruption has been clear to finance executives for years now and for many, if not most, the disruption is already well underway. The finance function must disrupt itself to meet the demands of its customers, including regulators, corporate boards, sales and marketing departments, suppliers, and internal and external auditors. Getting started is the first step but leaders will jump the S-curve (see Figure 1). Managing Director, Head of Sales Transformation & Growth, Daniel Sanford How CFOs can fuel the growth of the digital enterprise. Seventy-seven percent of CEOs agree that finance should set the agenda for the implementation and rollout of new technologies across the enterprise. According to our research, 78 percent of CFOs are embracing the future of self-service and the liberation of the function from running reports and crunching numbers.3. The reality of digital disruption has been clear to finance executives for years now and for many, if not most, the disruption is already well underway. Technologieën zoals robotisering, data analytics en machine learning maken dit mogelijk en brengen de financiële functie van de toekomst snel dichterbij. Achieving a digital finance function is neither linear nor incremental. Then, unleash the creative and collaborative powers of humans to identify new growth opportunities or assess previously unidentified risks and rewards. The Agile Future of Digital Finance in Europe. The future of finance in the digital economy. It is now time for us to reflect on these predictions and put forward our thoughts on where finance will be twelve years from now. Part of the promise of AI, as the authors of the book "Human + Machine" write, is not in the technology itself but in the transformation of business processes that the technologies enable. Stream processing mitigates the work involved in reporting to regulatory bodies by automating and streamlining the process. Although this is a fine place to start, RPA is only appropriate for linear, rules-based processes. The future of the finance function. Please try logging in with your registered email address and password. Appendix . They have less bias and bring less baggage to their decisions and forecasts. They will look comprehensively at their digital strategy, identifying opportunities to move beyond the digital basics of RPA into true AI—cognitive computing and algorithm-based predictions and advisory services. Find out what different competencies and mindsets employers will expect from professionally qualified management accountants in the digital world. Now, the rise of user-centric design, combined with the improved quality and speed that comes from in-memory computing, opens doors to facilitate more financially savvy business decisions using a “finance on-demand” approach. Every year, we curate new experiences at the event to enhance relationships and spark innovation outside of the session room. “Digital transformation” has come to mean anything from eliminating manual, repetitive tasks like invoicing, payroll, data entry, and bank reconciliation, to making on-premise applications accessible remotely. September 11, 2018. Digital Finance Future. A zero-based approach to identify non-working money to reinvest and ignite your growth strategy. Connect and learn even faster at our onsite events. The first name is required and cannot be empty, The last name is required and cannot be empty. How can these executives proactively harness today’s digital technologies to their company’s advantage? Acknowledgements. When it comes to predicting operational and financial performance, use the insights from machines. If you’re only doing RPA, it’s time to make the wise pivot to capabilities like predictive analytics and dynamic risk analysis. Then what? Nonetheless, it is still crucial for our workforce to constantly reskill and retrain themselves to prepare for the digital future. The future of digital finance is intelligent automation and RPA is yesterday’s news. Annual financial planning is another painstaking, time-consuming process. No matter what future you see for your finance organization, one thing is clear: That future is now. As an attendee, you’ll learn how to meet changing customer expectations from more than 45 senior level speakers from FIs both big and small. Explore the future we see with eight predictions about how the finance function might evolve to become better, faster, and probably less expensive. the finance function of today is much more than the “beancounter” of the past. Digital Finance takes a thoughtful look at how the industry is evolving, and it explains how to integrate concepts of digital finance into existing traditional finance platforms. SVP, Innovation Research And Development, Martin Wildberger This section gives you a brief overview of what they are. Future Digital Finance 2021. You’ll learn from 60+ of the most forward-thinking FIs, and leave with pages of notes to take back to the office. The barriers to entry to the digital finance world— a phone, electricity, literacy, numeracy, and cash—cannot be ignored. Meet and network with the brightest minds from big The pace of change is only getting faster. Future of Digital Finance - Splash - Join a small group of financial tech executives to work throughproblems and solutions in building the future of digital finance. Companies can use machine learning to process, validate or correct journal entries at the time of booking. - Tuesday, June 11, 2019 Stop thinking only in terms of testing and piloting. Managing Director, Global Head Of Digital Channels, Brianna Elsass First Name * Last Name * Company Name * Email Address * Als CFO levert u op het juiste moment waardevolle informatie, waarmee u bedrijfsbeslissingen beïnvloedt. These new jobs created by digital technologies will undoubtedly require different skill sets. Five thousand years later, technology has evolved into a new class of digital tools reshaping every aspect of the business. Until now, changes in financial accounting have been slow, measured, and incremental. EVP, Head of Enterprise Innovation and Strategic Business Architecture, Doug Nielson Wij realiseren excellent klantcontact voor onze klanten door het uitvoeren van het klantcontact en/of het implementeren van ons klantcontactplatform Finly. Meet and network with the brightest minds from big banks, regional and community banks, commercial banks, credit unions and credit cards. 9 Embrace digital regulation 129. The Governor asked me last year to lead a review of the future of the UK’s financial system, and what it might mean for the Bank of England’s agenda, toolkit and capabilities over the coming decade. *Processing your payment may take a moment. Future Digital Finance is the Digital Finance Conference that brings together some of the brightest minds in America’s most innovative Financial Institutions. 145. 2021. Managing Director – Accenture Strategy, CFO & Enterprise Value. Look at the series of growth curves in the figure. You can then update your LinkedIn sign-in connection through the Edit Profile section. Now, however, the combination of historical, internal and often unaccounted-for external data sources—e.g., market reports, weather, geo-political events, etc.—can produce a far more accurate financial plan than anything based entirely on human intuition. Think strategically and holistically. When Sumerian merchants first recorded livestock sales on clay tablets, finance technology was born. Future Digital Finance is your one-stop shop to find practical solutions to your challenges, with an agenda focused on topics such as data management, personalization, creating seamless omnichannel experiences, digital optimization, AI/ML, fintech partnerships and much more. This will navigate you to Accenture.com Sign In page. Look comprehensively at data, technology, talent and culture. The Digital Future of Finance The digital business needs a very different finance function As the transition to digital business models continues, dramatic adjustments in how finance guides executives to make profitable growth decisions are urgently required. AI, blockchain and advanced data analytics are challenging the relevance of traditional skills while creating transformative opportunities for organisations and individuals. We use cookies and similar technologies to recognize your visits and preferences, as well as to measure the effectiveness of campaigns and analyze traffic. From big banks to disruptors, fintechs, credit unions and more – our detailed agenda features innovative leaders who are in the trenches, transforming their digital experiences. banks, regional and community banks, commercial banks, credit unions and credit cards. Recipe for the generation of ideas that will influence the path of retail financial services for decades to come. As CFO you influence business decisions by providing information at the right time Technologies such as robotics, data analytics and machine learning make this possible and quickly bring the finance function of the future closer. Know where you’re going, how to get there and who to partner with. We’re not trying to be everything to everyone. You’ll get the perfect balance of future forward content, immersive learning and a chance to make long lasting connections with senior level peers, in just two days. To compete in today’s fast-paced, volatile economy, business leaders need daily sales and near-real-time profitability reporting to make the right decisions to drive growth and maintain business agility. Digital disruption is driving radical transformation of the finance function. CFOs positioning finance to add maximum value over the next few years should understand how to create value in a digitized economy in order to prioritize technology investments that could contribute to business strategy, as well as finance’s operating model. Complete the form to view the Future Digital Finance 2020 Full Agenda. These include the widespread availability of business data; teams’ ability to process large sets of data using now-accessible algorithms and analytic methods; and improvements in connectivity tools and platforms, such as sensors and cloud computing. Partners with global CFOs to architect the next generation of finance capability focusing on digitization, new operating models, and innovation in service delivery and employee experience. 2. New Accenture research into the current state of the finance function reveals two contradictory insights into finance’s digital transformation journey. Be bold. Please note: That all fields marked with an asterisk (*) are required. Build an ever-green, rolling 18-month digital road map for the entire function. Doing so may result in your credit card being charged more than once. "Great group, great speakers, and a great set of topics. FOREWORD. 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