Robotics & Automation News

Market trends and business perspectives

financial

How are Banking and Finance Firms Leveraging Robotic Process Automation?

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With banking and financial transactions going digital, the preservation of banking and financial firms are tremendous to primarily, boost productivity and secondly, cut the operational cost.

With this rising demand, banks and financial firms are actively implementing Robotic Process Automation or RPA. The RPA plays an active role in automating the business processes that were previously done manually.

This automation is extremely important especially to function in a competitive market. Also, the return on investment in RPA is also extremely high. RPA in banking and financial firms mostly work by combining both robots and artificial intelligence to augment human operations. [Read more…] about How are Banking and Finance Firms Leveraging Robotic Process Automation?

Biggest FinTech Trends of 2022

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The pandemic and fast technology development made their impact on many traditional businesses, including the financial services industry.

Nowadays, companies need to come to terms with new realities and increased customer requests.

Meanwhile, a new generation of tech-driven startups keeps making breakthroughs, changing the rules of the game forever. [Read more…] about Biggest FinTech Trends of 2022

Features of crypto wallets with hot and cold storage

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Today, there are two main types of wallets – with hot and cold storage, each of them has its pros and cons.

The Lithuanian crypto license allows wallets to work completely legally because most users are used to confiding only trusted companies that operate within the law. [Read more…] about Features of crypto wallets with hot and cold storage

Arsenal Capital Partners acquires automation solutions provider Eckhart from LFM Capital

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Arsenal Capital Partners, a private equity firm that specializes in investments in industrial growth and healthcare companies, has acquired automation solutions provider Eckhart from LFM Capital.

Financial terms of the transaction were not disclosed.

Eckhart’s advanced engineering, design, simulation, and integration services, along with proprietary tooling and other automation and robotics systems, support customers at critical points in the automation value chain. [Read more…] about Arsenal Capital Partners acquires automation solutions provider Eckhart from LFM Capital

Crypto: Reshaping Future

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Several technological advances have been hailed as game-changers in the corporate future. Organizations have depended on technology for decades to function more efficiently and securely.

Blockchain is undeniably exciting. While opinions will always range on which technology will have the most impact.

Transactions are secured in a secure digital ledger that can be audited. Keyless signature systems and the ability to track products from farm to table are just two of the many benefits. [Read more…] about Crypto: Reshaping Future

4 Ways to Improve the Efficiency of Your Auditing Process

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There are several users of the financial statements prepared by a company.

Some of these users include the existing shareholders, potential shareholders, competitors, customers, management, employees, the government, lenders, and the general public.

All these stakeholders can be interested in a company’s financial statements to help them make wise decisions when dealing with the said company. [Read more…] about 4 Ways to Improve the Efficiency of Your Auditing Process

People trust robots more than themselves with money, according to global study

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Research shows growing confidence among consumers and business leaders that robots handle finance tasks better than people

2020 has changed our relationship with money and people now trust robots more than themselves to manage their finances, according to a new study by Oracle and personal finance expert Farnoosh Torabi.

The study of more than 9,000 consumers and business leaders in 14 countries found that the COVID-19 pandemic has increased financial anxiety, sadness, and fear among people around the world and has changed who and what we trust to manage our finances.

In addition, people are rethinking the role and focus of corporate finance teams and personal financial advisors, according to the research. [Read more…] about People trust robots more than themselves with money, according to global study

What Barriers Still Impede Electric Vehicles?

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Electric vehicles have been with us for a long time.

It’s only recently that they’re being touted as a serious replacement for the internal combustion engine and a (partial) answer to our climate crisis.

The UK government says that it’ll ban the sale of petrol and diesel vehicles by 2030 – and you can reasonably expect any Labour government to be at least as ambitious, given their slightly greener voter-base.

By then, electric cars will need to be fairly ubiquitous. So what’s stopping this from happening right now? [Read more…] about What Barriers Still Impede Electric Vehicles?

PTC to acquire product lifecycle management provider Arena Solutions

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Computer-aided design specialist PTC has signed a definitive agreement to acquire Arena Solutions, a software as a service (SaaS) product lifecycle management (PLM) platform provider.

The acquisition will further PTC’s strategy to be the leader in the rapidly-growing market for SaaS-based product development software, enabling the company to deliver a complete CAD + PLM SaaS solution.

Under the terms of the agreement, PTC will acquire Arena Solutions for $715 million in cash. Subject to customary closing conditions and completion of regulatory review, the acquisition is expected to be completed in PTC’s fiscal Q2 2021. [Read more…] about PTC to acquire product lifecycle management provider Arena Solutions

Customer Due Diligence: Why and How?

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Customer-related risk assessment is highly important to any organization. That’s why companies process information from each prospective customer to maintain the needed level of organizational supervision.

Proper customer due diligence (CDD) is what institutionalizes this process. Proper CDD utilizing makes companies aware of the smallest risk and helps identify the highest risks, including fraud.

CDD is a legal requirement for businesses in the US and many other countries with EDD (Enhanced Due Diligence) required for dealing with clients from the KYC high-risk category. [Read more…] about Customer Due Diligence: Why and How?