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Πάντα ῥεῖ καὶ οὐδὲν μένει Everything flows, nothing stands still.– Heraclitus of Ephesus (c.535 BC – 475 BC) For the times they are a-changin – Bob Dylan (b.1941) |
Finance is undergoing a period of enormous change – Economic Change, Social Change, Technical Change, Regulatory Change. If we are to stay in control, that change must be actively managed. |
Transforming Finance – Business Change & IT Driven Transformation for Finance
The true cost of AI Washing
An interesting ‘use case’ for AI in Financial Services. ‘The US Securities and Exchange Commission (SEC) on Monday said that two investment advisors had agreed to pay hundreds of thousands of dollars in fines over false and misleading claims about their use of artificial intelligence (AI) technology. The firms, Delphia and Global Predictions, agreed to …
Unveiling the Power of Banking AI
Artificial Intelligence has rapidly gained prominence in the field of financial services. While it offers numerous benefits, it also poses certain risks that must be carefully considered. One of the key benefits of AI in financial services is its ability to process vast amounts of data quickly and accurately. This enables financial institutions to make …
ChatGPT Explain lease accounting to a 5 year old
Explain lease accounting Lease accounting refers to the process of accounting for leases, which are contracts between a lessor (the owner of an asset) and a lessee (the user of that asset) that allow the lessee to use the asset for a specified period of time in exchange for regular lease payments. The International Financial …
A leftward view of money
As we pass from the Elizabethan era to the Carolean there will be a few changes to the Monarch’s view on money. The Queen faced right on her coins which is part of a tradition which has lasted for over 300 years. Each King or Queen faces in the opposite direction to the one before. …