In a typical organization, finance is one of the most important functions. Yet teams are often bogged down by manual workflows. According to a survey by Paylocity, an HR software provider, 38% of finance teams spend more than a fourth of their time on manual jobs, like reviewing invoices. Matthieu Hafemeister, an ex-fintech investor at […]
Pep Guardiola Talks Of Manchester City Love Affair As Financial Hearing Rumbles On
Pep Guardiola insists he will always defend Manchester City from accusations of financial misconduct because of his trust in the club’s owners and his love affair with their fans. City are fighting 115 charges relating to alleged breaches of Premier League financial rules in an ongoing hearing that has been labelled sport’s “trial of the century”. […]
Novatus nabs $40M to help financial institutions quell their RegTech nightmares
Banks, investments and financial services are not known to be bastions of transparency — not to the general public, and, as the last financial crisis laid bare, sometimes not even to the people who operate within them. This was a fact known all too well by Andrew Hedley. Working in the area of risk at […]
Second Byju’s auditor exits in a year as financial turmoil deepens
BDO, the auditor for Indian edtech startup Byju’s, has resigned with immediate effect, marking the second auditor departure for the embattling startup in about a year and further intensifying concerns about its financial health and governance. In a scathing resignation letter, BDO subsidiary MSKA highlighted multiple issues with Byju’s, including significant delays in financial reporting, […]
Sedric monitors the communications of employees at financial institutions to ensure compliance
For financial institutions, complying with regulations is becoming a costlier proposition. According to a recent poll, 76% of financial services firms increased their compliance expenditure from 2022 to 2023, with most blaming new laws. With the cost of compliance averaging out to around $ 10,000 per employee these days, many firms are searching for ways […]