Fintech and Finance – The Framework

Fintech is the application of new technological advancements to products and services in the financial industry. Fintech can be immediately linked to banks, blockchain, stock trading, insurances, and hedge funds but it can also be applied to technological advancements of corporate information systems about their financial processes.

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Why outdated information systems lead to a deteriorated competitive position

My specialization has always been accounting and controlling. However, I never invested any time in looking at the added value that automation/information systems can bring to the financial/accounting departments of a company. The reason for this is mainly the accelerated process of the advancement in technology in the past ten years that caught a lot of companies (including myself) unaware: we have been sleeping, myself included!

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