Month: June 2019

In Blockchain They Trust

By Russ Banham CFO Someday, you may use an app at a supermarket to scan the beef sirloin you plan to buy for dinner, discovering the cow’s life journey. Another app will assure that the pair of handmade Gucci loafers you just bought are authentic. These apps will be connected over the internet to blockchain… Read more »

New Accounting Model For Life Insurers Seeks Greater Transparency

By Russ Banham Forbes A new accounting standard issued by the Financial Accounting Standards Board (FASB) should make it easier for investors to compare companies that sell long-duration life and health products and annuities with market guarantees. However, companies will need to expend a great deal of effort to comply with the standard. FASB’s Accounting Standards… Read more »

How Machine Learning Speeds Up Fraud Detection

By Russ Banham Forbes In their work to unearth evidence of fraudulent activities, forensic accounting investigators dig through diverse data looking for anomalies that suggest something is just not right. But as the massive volumes of data collected by companies balloon, this task has become increasingly arduous, time-consuming and humanly impossible. The regrettable consequence is… Read more »