A balance sheet is a vital financial statement that summarises a company's assets, liabilities, and equity status as of the reporting date. Data in a balance sheet serves as the foundation for determining the firm's financial performance, the resilience of...

In today's dynamic financial world, risk management is critical to ensuring the stability and sustainability of financial institutions. One critical part of risk management is the early detection of prospective credit defaults, which can have far-reaching consequences for an institution's...

Bank financial statement analysis is critical for assessing the financial health of banks. However, manual analysis of complex financial statements requires significant time and effort to extract, organise, and interpret data accurately. On top of that, intricate financial instruments and...

Offering outstanding customer service is crucial for financial institutions to stay ahead in today's competitive banking environment. A Business Wire study notes that  72% of customers seek personalised services. Therefore, banks have to seek creative approaches to satisfy their demands...

Over the last decade, artificial intelligence (AI) has made a noteworthy impression across different industries, and finance is no exception. Banks and other financial institutions are increasingly favouring the inclusion of AI across various functions, including balance sheet analysis for...

Today, a growing number of businesses, including a mix of e-commerce platforms, retail companies, and electronic businesses, accept payments in Bitcoin cash and other cryptocurrencies. This trend mirrors the growing number of interested consumers who are investing and transacting in...

Fintech combines finance and technology; it is transforming the financial landscape and reshaping the future of finance, leading to a collaboration between fintech and banks. Generally, it refers to businesses that leverage technology to improve and automate their financial services...

Emerging forces, like geopolitical tussles, socioeconomic factors and climate change, have increased the demand for improved risk management in the financial services sector. Breakthrough technology like AI and  ML, profuse amounts of data, and new business models are redefining how...

The adoption of Artificial intelligence (AI) across various industries and domains is increasing rapidly, as is evident from its application and utility. The finance sector, in particular, has embraced AI enthusiastically to modernise the entire industry and streamline the traditional...

Banking institutions are critical to the global economy's stability and operation. According to McKinsey, the year 2022 brought substantial challenges and increasing uncertainty for banks. However, there are laws and regulations to preserve financial stability and protect depositors' interests. The...