Global regulators planning FinTech sandbox, Accountlet talks AI in SMB accounting, and Australia eyes fraud amid faster payments.
 

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

March 202018

       BUSINESS TO BUSINESS EDITION

Data Drivers

ECI CEO: Building A More Ethical Workplace Culture

After 18 months of depressing headlines on this subject, it would be easy to give up on workplace ethics. But Pat Harned, Ethics and Compliance Initiative CEO, thinks there is room for some (qualified) optimism. And a lot of work left to do. She lays it out, by the numbers, in this week’s Data Drivers.

 

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Faster Payments

Australia Grapples With Faster Payments’ Fraud Challenge

Australia’s New Payments Platform is now live to pull the nation into the age of faster payments. But like other jurisdictions that have already traveled this path, Australia is now grappling with the risk of fraud — and a shorter timeframe to detect it. The Reserve Bank of Australia’s assistant financial system governor recently spoke in Sydney about the threat, and why Australia will be looking toward the U.K., the U.S. and payers themselves to muscle-up against fraud.

 

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Corporate Accounting

When Artificial Intelligence Meets Human Intelligence In SMB Accounting

Small business accounting has seen major technology disruption in only the last couple of years, and artificial intelligence is certainly one of the largest disruptors. Aymen Zaben, founder of Accountlet — which just made its market debut — agrees that AI now plays a critical role in SMB accounting. But, he tells PYMNTS, there is no substitution for human intelligence.

 

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