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BIS Completes Project Mandala, Automating Cross-Border Transaction Compliance

Fintech News

The Bank for International Settlements (BIS) and a group of central banks have successfully completed Project Mandala demonstrating automated compliance for cross-border transactions. ” The post BIS Completes Project Mandala, Automating Cross-Border Transaction Compliance appeared first on Fintech Singapore.

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Supplier order management: How a furniture retailer automated order confirmation processing

Nanonets

Additionally, three more factors made this process particularly difficult to automate: Differences in product listings Since customization was at the core of their business, they needed to track each component of a custom order separately. Split orders Customers could order items that came from different suppliers.

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Swift, UBS, and Chainlink Advance Tokenised Fund Settlement Under Project Guardian

Fintech News

It highlighted the potential for integrating blockchain technology with existing financial networks to improve the efficiency of fund subscription and redemption processes, which are traditionally hindered by manual procedures, delayed settlements, and limited transparency.

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4 Common Myths of AI in Finance Organizations

The Finance Weekly

The trust in these institutionalized procedures may discourage attempts to improve them, whether through AI or other means. The risk of a potential disruption to legacy planning procedures is frequently expressed in relation to the deployment of AI as being simply too great.

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Automated and Data Driven Financial Planning Hasn’t Reached its Full Potential

The Finance Weekly

Integrated working platforms, automation, and newer and faster ways to translate data into results are all constantly being improved. However, one department seems to lag behind when it comes to communication procedures: the finance department. Productive finance teams. Acting on real-time data.

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Beyond Manual Processes: Embracing AP Automation

The Fintech Times

As businesses adapt to the accelerating pace of technological change and new e-invoicing mandates, one aspect of financial management stands out – accounts payable (AP) automation. What is AP automation? Customised workflows: AP automation allows for the customisation of the accounts payable process to suit specific business needs.

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What is intelligent process automation?

Nanonets

The digital era has brought about an immense shift in the way businesses operate, with automation becoming a key driver of efficiency and productivity. What is intelligent process automation? Intelligent process automation replicates human activities and can even improve them over time.