FINANCIAL STATEMENTS FOR 2023

Thiago Campaz*

The monetary and technological sectors are carefully intertwined. In the final ten years, the implementation of instruments and software program to make sure the effectivity of operations, cut back prices, enhance management and monetary data, enhance the corporate’s pondering. Because of this good, the cash elevated so much, due to the nice that was gained. To offer you an concept, in 2022 alone, greater than BRL 35 billion was invested in banking know-how, in response to the “2022 Febraban Banking Technology Survey”, carried out by Deloitte.

With this progress, the best way folks use monetary companies has additionally modified, primarily as a result of they’re more and more in search of extra highly effective and simple methods to resolve their issues. This is what analysis by Akamai, which is accountable for cloud storage, exhibits the habits, wants and considerations of customers on this sector.

In this fashion, organizations have applied fashionable strategies to accompany the evolution of recent cost strategies which have gained momentum within the final 12 months. An instance is NFC (Near Field Communication), which permits the change of data between two units by comparability, with out the necessity for a wire. This is all achieved in seconds and can be utilized through cell phone, watch, bank card. This brings velocity and comfort to customers.

Another instance is using synthetic intelligence to forestall fraud and forestall cybercriminals. This is as a result of, with this know-how, it’s doable to create partitions and monitor the conduct of customers and thus detect fraudulent actions. On the opposite hand, blockchain permits data to be shared shortly and securely, defending knowledge leaks and guaranteeing the recording of on-line transactions.

Following this evolution, we will assessment the institution of a metaverse that gives a deeper, extra built-in and extra visible surroundings. In the monetary sector it may be used by way of NFTs (non-fungible tokens), blockchain and cryptocurrencies, and plenty of banking establishments have already included these improvements in inner discussions and a few of them, that are used of their actions. Through them, it’s doable to pay for companies, bills and purchases. According to analysis by Gartner, by 2026, 25% of individuals will spend an hour a day strolling.

In the company surroundings, corporations should take note of the brand new cost strategies which might be coming and can acquire extra energy subsequent 12 months. Among them, I present using company and enterprise playing cards, akin to pay as you go playing cards, which have been registering clear numbers.

According to the Brazilian Association of Credit Card and Services Companies, purchases made with credit score, debit and pay as you go playing cards grew 20% within the third quarter, reaching R$ 827 billion. Payment card registrations had a 137% improve within the final quarter, accounting for R$ 99 billion in income. The company card, one other class the place pay as you go playing cards can be utilized, has grown by a median of 300% lately.

Through them, it’s doable to regulate the circulate of cash, include fraud and magic cash, handle cash in actual time, cut back the chance of unhealthy cash circulate, management the entry and exit of costs, enhance inner circulate and keep away from dropping cash as a consequence of errors, enhance all operations accounting and company finance, bringing larger worth to the enterprise.

Finally, I conclude that know-how is gaining floor within the business, particularly in an space that, till just a few years in the past, was very primitive. Therefore, managers must be conscious of the present and new developments that must be used of their every day life. Certainly, using metaverse playing cards by corporations is already bringing nice modifications within the inner affairs, however there may be a lot to be explored in 2023. This is just the start of the good modifications that the sector of cash and cash should face.

🇧🇷CEO and co-founder of VExpenses

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