In the financial services arena, operational efficiency is gradually emerging as one of the major cornerstones for client acquisition and retention and driving business growth. In a bid to ensure great customer experiences with improved operational processes, financial institutions are readily embracing automation technologies. In view of these developments, the global financial automation market is expected to reach $6821 million by 2027, growing at a CAGR of 8.33 percent during the forecast period.
Conventional operational procedures such as report generation, know your customer, and credit card processing are increasingly inclined toward automation, driving the market’s growth. Technologies such as artificial intelligence (AI) and machine learning are also being steadily adopted by financial institutions to fuel process efficiency and enhance business performance. Implementation of AI chatbots is further driving the growth of the financial automation market as it helps provide a better customer experience.
To put the spotlight on such vital developments in the industry, CFO Tech Outlook illustrates the latest automation technologies augmenting financial solutions and eliminating redundancies in banking operations. The edition features thought leadership articles from Ted Delgado, Director, Financial Planning & Analysis at Amplify Snack Brands, who sheds light on the risk-averse environment start-ups are prone to and how they can overcome it. It also features Eli Villaluz, Director of Tax at PLH Group, who talks about the rising need to implement tax technology in accordance with the recent trends in the global tax space.
We also bring you stories of some of the top financial automation solution providers delivering best-in-class solutions. The list includes Transflo, a company that leverages artificial intelligence and machine learning to capture and process valuable, real-time freight data to automate everyday tasks.
