What is interesting is the “anti-China” approach the tech firms have taken as they attempt to resist calls for more stringent regulation. Silicon Valley firms are arguing that this could lead to “Chinese tech giants getting more powerful.” Why?
With the help of technology, fraudsters’ arsenal has become more sophisticated over the years. Fortunately, so have the tools of fraud fighters. SEON has risen to rank among the most successful Hungarian startups by providing fraud prevention solutions to a wide range of businesses. Tamas Kadar, co-founder and CEO of the company, explained to us what underlying dangers digitisation brings, and how leveraging Big Data can help us take on a new generation of fraudsters.
Any business or individual with an interest in disruptive trends will have to watch closely the development of the AI in the months and years ahead. If the Serbian government, and many other stakeholders around the world, is correct then this industry will revolutionise cross-sector practice and perhaps even be a major driver of global growth.
Historically, payables, receivables and reporting require a significant amount of time to manually perform predictable and routinized processes, managing exceptions and disputes, and identifying risks. Artificial Intelligence or AI, can enhance the effectiveness of these tasks while greatly increasing efficiency by reducing time demands.
t’s not just for publicly listed companies anymore, ESG has become an ever more present concept throughout 2020. When Greta Thunberg met Sir David Attenborough on Skype back in January, it didn’t seem as significant as perhaps it does today:
We tried many things on our journey and we eventually came up with the solution we have today. We had a plan, but we were open to new ideas and tried not to limit ourselves to any technology or methodology. It was the freedom and agility from day One that allowed us to act as an independent company, build the startup culture and make sure we can come up with the best possible solution.
This whole pandemic showed the strength of banks’ back office, the strength of their technology, the strength of digitzation, the strength of the fact that we can put traders, bankers, ops people, call centers, all at home working effectively. Jamie Dimon
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