SUMMARY

This report provides an overview of finance & accounting and explains how banks & FIs are paving a digital strategy to leverage new-age technologies to provide solutions. It discusses the current scenario of banks as well as describes the legacy systems and basic technologies that are in use in finance & accounting functions like reconciliation, product control, and liquidity management. The report also provides extensive knowledge about functions and explains all future potential innovations cases in the finance & accounting functions by using advanced technologies such as artificial intelligence, machine learning, natural language processing, intelligent, and optical character recognition tools. The report concludes by providing a market landscape of interesting products and solutions in the ecosystem along with success stories.

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