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In fact, a recent report from IDC estimates that by 2030, 74% of global digital payments will be processed through platforms owned by non-financial institutions, including software companies. This experience allows software companies to monetize payments without taking on the risk and compliance that comes with payment processing.
Workday applies AI to human resources and financial management, utilizing predictive analytics for talent acquisition, workforce planning, and financial forecasting. Accountability and transparency: SaaS organizations, especially high-stakes ones, such as AI-driven compliance tools, must have clear and traceable responsibility.
Built-in compliance Industries like healthcare, finance, and legal have strict regulations. 2⃣ Finance: Keeping Up with Regulations : The finance world moves fast , and compliance rules change constantly. Example: A Vertical SaaS for banking automatically updates compliance forms based on new regulations.
In 2023 alone, there were 49 Fintech SaaS acquisitions, a significant increase from 75 in 2022. Marketmap: Fintech SaaS (2021 to 2030 global Fintech revenue growth by region. Ensuring the security of financial data is not just a compliance issue but a cornerstone of customer trust.
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