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Corscale announced the adoption of Doxel's AI-automated construction progress tracking technology for its upcoming data center projects, aiming to accelerate construction schedules, reduce waste, and meet the growing demand for data centers driven by artificial intelligence (AI) applications.
CloudBolt Software announced that it will launch a series of Augmented FinOps capabilities in 2024, leveraging AI/ML and orchestration technologies to cover the entire lifecycle of cloud resources, aiming to address the shortcomings of traditional FinOps that only performs retrospective analysis and help enterprises maximize cloud ROI.
As the urgency of the net-zero transition intensifies, the A4S survey found that fewer than half of the CFOs surveyed believe their finance teams have the skills to support sustainability. The A4S Academy is now open for applications, aiming to fill this gap. 98% of past participants said they felt more capable of driving change after participating.
Fintech, integrating finance and technology, is profoundly transforming the industry landscape, with innovations ranging from mobile banking to cryptocurrencies emerging continuously. However, rapid expansion is accompanied by complex compliance and regulatory pressures. Based on an analysis published on February 8, 2024, this article systematically reviews seven compliance challenges facing fintech, including differences in regulatory frameworks, data privacy, anti-money laundering and customer identification, consumer protection, cybersecurity, regulatory arbitrage, and cross-border operations. It also proposes five solutions: adopting regulatory technology, hiring compliance experts, external audits, regulatory cooperation, and participating in regulatory sandboxes, emphasizing that proactive compliance is key to building trust and achieving sustainable growth.
DigiCert, a global provider of digital trust solutions, announced two executive appointments on February 14, 2024: Jugnu Bhatia as Chief Financial Officer and Dave Packer as Chief Revenue Officer. The two will help the company expand market coverage and drive annual recurring revenue beyond $1 billion.
Boston-based fintech company Centime announced a strategic integration with Sage Intacct, further expanding its financial management system ecosystem. This integration will help small and medium-sized businesses automate accounts payable (AP) and accounts receivable (AR) processes, improving financial operational efficiency. Centime will participate as a silver sponsor at the upcoming Sage Transform conference in Las Vegas.
On February 27, 2024, CorroHealth released the REVIVE platform, targeting overlooked small-balance and zero-balance accounts receivable in hospital systems, combining AI with human review to significantly improve recovery rates. Data shows that 30% of cases are resolved in a single interaction, 70% within no more than three interactions, with an average of 2.4 interactions; accounts have an average age of 95 days, a balance of $1,110, and a first-year recovery rate of 92.5%.
Resynergi announced on March 26, 2024, the appointment of Jens Umehag as Chief Operating Officer (COO) and Chief Financial Officer (CFO). Umehag will report directly to co-founder and CEO Brian Bauer and will be responsible for developing growth strategies, leading business operations, and financial planning. He previously held senior financial and management positions at Halma Group and BP, bringing extensive experience in the energy industry.
On April 16, 2024, Vareto announced the launch of the Vareto 2.0 planning and decision platform, positioned as the first multiplayer modeling platform in the enterprise FP&A category, and claiming to be the only solution that simultaneously meets the data needs of large enterprises and the usability requirements of internal finance teams.
Stretto, a market-leading provider of depository solutions for fiduciaries, has expanded its treasury and cash-management services to serve a broader range of entities across industries such as real estate, healthcare, utilities, consumer discretionary, industrials, and non-profit organizations. The enhanced services leverage a network of FDIC-insured banks and include white-glove support, competitive rates, and full liquidity.