Stumbled upon this fascinating article from Adviser Voice Australia and we thought that it would be helpful. It’s called The silent disruption of the accounting industry.
It shares some really interesting perspectives. Here’s one that really provoked some deep thought:
Financial Technology (FinTech) in Australia is booming. The average business growth in 2017-2018 was 125% and it is forecast the industry will add $1Billion of value to the Australian Economy in 2020. FinTech dropped to second place in 2018 on Start-up Musters most common start up industry in Australia, only behind Artificial Intelligence. FinTech is still being designed for accountants, but it is now focused heavily on automation and artificial learning.
This insightful piece has more value to offer so do give the rest of it a read…