Accounting
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How Crypto Became a “Normal” Offering for the Traditional Banking Sector and Its Challenges for IT Systems and Regulation.
Cryptocurrency investments have gained prominence, especially with the launch of Crypto ETFs in late 2023. In 2024, the European Union’s new regulation, Markets in Crypto-Assets Regulation (MiCAR), aims to help banks categorize and understand the legal framework around cryptocurrencies. Despite increased attention, cryptocurrencies present challenges for banks, particularly in addressing regulatory classifications and IT system…
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Financial Reconciliation: What Strategies, Challenges, and Tools Drive to its Success?
Reconciliation is a vast topic, and the amount of data processing is increasing in the financial sector. New products such as e-wallets and fractional trading are not making it easier for reconciliation teams. Without proper reconciliation, it is impossible to run core banking activities such as position management, legal reporting, revaluation, and treasury. It also…