What is fintech? Fintech, or financial technology, has been around for a while now. It’s no secret that fintech has the potential to change the way we do business. It can provide consumers with more choices and control over their finances. But what exactly is fintech? We’ll explore this question …

There is a great deal of interest in machine learning within the finance industry. Financial professionals are looking for ways to use machine learning to improve their decision making, and to gain an edge over their competition. There are a number of books on the topic of machine learning in …

Companies use assets to generate revenues. Usually, they include fixed assets, which are crucial to running operations. Most of these assets contribute to the production of goods or services. However, some assets may also be critical in running the administrative side of the business. One of those assets includes office …

The word “finance” means different things to different people both individuals and businesses/companies. It can refer to the money someone has in their bank account, or it can refer to a financial institution that offers loans and other services to customers. There are basically two types of financing you can …

There are many machine learning applications in the finance world. The most common machine learning application found in finance is predictive analytics, which is used to predict future events based on past data. Predictive analytics can be applied to any number of areas within a financial institution including loan origination, …

When companies incur an expense, they record it in the income statement for that year. However, the same does not apply to costs borne on assets. More specifically, when companies acquire fixed assets, they cannot charge it as an expense. Instead, they must spread these costs until they use those …

Machine learning is a field of computer science that has been gaining popularity in the last few years.  It’s is a branch of Artificial Intelligence (AI) that uses algorithms to learn from data without having explicit instructions on how to do so as traditional programming does. Machine Learning provides systems …

If you want to invest successfully, it is important to understand the concept of year-over-year (YOY). Year over year (or YoY for short) is a comparison of two data points, usually taken from two different years. The purpose of YoY analysis is to measure how much a particular metric has …

Companies prepare four financial statements, which are crucial in describing their operations. These financial statements include records of the company’s activities from the past. Usually, they consist of the balance sheet, income statement, statement of cash flows, and statement of changes in equity. These statements consist of records, each represented …

Climate risks are a reality that businesses must face. There are many different types of climate risks, and they can have serious implications for companies. Climate risks can come from physical dangers, such as storms and floods, or from regulatory changes or litigation. Companies that do not take measures to …