Within these institutions , the audit and compliance departments will start to look for opportunities where they can be more agile in their reviews , to keep up with the pace of change . They ’ ll also likely start to explore avenues to automate some of the control testing processes to ensure speed in the review and reporting processes .
Ash Botten The future of financial services will be dictated by finance leaders modernising with technology to remove manual processes while increasing visibility and control – especially in periods of tough economics .
Businesses have an AI charter on them , meaning that AI tools are now a competitive differentiator for many finance teams .
As businesses continue to digitally transform and rely on technology to inform strategy , the future of financial services will demand a new hiring profile for the finance team . It will become less about traditional finance studies and more about being analytical .
The pull of working in a more dynamic environment will give rise to a new wave of strategic finance talent and the finance office will become a more attractive place for graduates .
112 February 2024