Ashift in consumer trends and rapid technological development in the financial sector have necessitated a novel approach to how accounting firms add value to clients. Applications in financial services have become more specialized after financial institutions introduced cloud-based offerings such as person-to-person payments, online transfer alerts, and other solutions. In the wake of these trends, the financial services market is expected to reach a CAGR of 7.89 percent over the forecast period 2022 – 2027.
Driving this growth in the financial services market is blockchain technology. The distributed ledger technology enables secure, transparent, and tamper-proof transactions. This technology in the financial sector is already lowering ledger reconciliation and maintenance costs. The system also provides accurate information on asset ownership and history. As a result, accountants are better equipped to understand their company’s obligations and resources. Financial firms are paying close attention to the potential implications of this modern technology as it is potentially revolutionizing businesses’ operations.
To put the spotlight on such key developments in the industry, Financial Services Review illustrates how accounting firms are leveraging the latest methodologies to augment financial services. This edition also features thought leadership articles from subject matter experts on ongoing trends, best practices, and recent innovations. Some of the exclusive insights are authored by Celia Pizzi, Brazil Chief Compliance Officer of Travelex Bank, Lena Mass-Cresnik, Chief Data Officer, Moelis & Company, and Steve Harris, SVP, Chief Ethics and Compliance Officer, Lincoln Financial Group.
In this edition of Financial Services Review, we also bring you the story of some of the most promising financial accounting firms that are fostering unparalleled workflow optimizations for enterprises and helping secure their customers’ finances. In the list, US TAX CONSULTING particularly stands out for its excellent accounting system that follows accurate and reliable information to manage clients’ businesses and help them make informed financial decisions. We also bring you the story of financial firms such as Tukel, Marin & Montanye, KSMB Associates, DGL Business Solutions, and Cannabis Accounting & Consulting Group, which are pushing the bounds of financial services and helping their clients secure economic growth.
Through the following pages, we aim to highlight the innovative trends and latest developments in the financial accounting segment. We would like to know your thoughts.
