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Can fintech replace the CFO? How AI & automation can revolutionize spend management
Jan 18, 2024
Erica Dorfman, Head of Financial Products for spend management platform, discusses the strategy behind using AI and the latest tech to streamline company spend and expense management. They explore the challenges and solutions for global expansion in fintech, the evolution of Brex's customer base, and the innovation and challenges in CFOs' job of spend management.
22:30
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Quick takeaways
- Fintech firms like Brex are leveraging AI and automation to revolutionize spend management, transforming finance teams into proactive growth drivers.
- Brex provides a centralized platform for global businesses to efficiently manage their financials, saving time and streamlining expense management.
Deep dives
Expanding Global Presence in FinTech
Brex, a leading FinTech firm, is breaking the trend of staying local and successfully expanding globally. With their spend platform and innovative financial products, Brex is capturing the attention of FinTech challengers. The company's focus is to offer customers a single platform for all their expense management and payments needs, including business accounts, expense management, and travel booking. While not aiming to become a global bank, Brex is committed to providing the best value and solutions to its customers in different markets, facing the challenges of diverse payments and banking infrastructures around the world.
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