Posts

Showing posts with the label PowerApps Fintech
Image
  Fixing audit and regulatory reporting gaps in fintech with Power Apps The financial technology ( Fintech ) industry never sits still, new apps, ledgers, and payment rails appear almost daily. Regulators, in turn, keep tightening their lenses. Audits and periodic reports have morphed from paperwork drudgery into core strategy sessions for firms that intend to grow and stay credible. A recent survey claims roughly  93%  of these companies still stumble over the rules, while more than 60% wind up handing over  $250,000 -or more-each year to atone for minor missteps. Challenges in Fintech Regulatory Audits Fragmented Data Sources and Silos Industry surveys published earlier this year indicate that  54%  of senior executives in banking name isolated data stores as the single greatest hindrance to innovation. A somewhat larger  62%  classify dismantling those silos as the chief objective of their data road maps. Fragmented environments show up in at l...