The ledger is a cornerstone of finance and money movement, a system of tracking fund flows that dates back over centuries. All manner of information has been lodged within those lined paper books and the 20th century moves to spreadsheets, ranging from debits and credits to the income statement and the balance sheet. Instant Insights In the digital age, however, the movement to faster payments demands instant reconciliation, and by extension an embrace of the cloud, artificial intelligence and other advanced technologies. The transformation of ledgers is changing FinTechs and how money moves across ecosystems. Financial reporting, including cash flow and other metrics that allow enterprises and financial institutions to track what’s owed and what’s owing, as well as where the money is, relies on data and a visible trail of that data. Blockchain has helped change ledger-based activities, decentralizing record keeping and ensuring that records themselves are immutable, with automation on both sides of the transaction. For FinTechs that are enabling new efficiencies in money movement across verticals — and borders — ledgers track costs, pay-ins and payouts across all stakeholders. The data is granular, including transaction dates, the funding and recipient accounts, and the category of the […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
