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The accounting profession and others in the financial services industry are at risk of extinction due to technological advances. (Adeolu Eletu/Unsplash)

Financial professions must pivot to stave off technological extinction

In the face of technological threats, it may be tempting to turn finance professionals into data scientists. This isn't the way forward. Instead, they need to find new uses for their expertise.
Wotif is one of a slew of formerly competitive rivals bought up by Expedia. Dan Peled/AAP

Tax take shrinks as online accommodation agents rake it in

Australian authorities have allowed predatory online travel agents to shrink their tax base while penalising Australian accommodation operators thanks to onerous commissions and vanishing competition
Banks behaving badly: ensuring banks’ sustainability reports are accurate and credible will go some way in restoring public confidence. AAP

To be good corporate citizens, banks must improve their sustainability reporting

“Events over the past couple of years have raised profound questions about the ways in which banks and businesses contribute to society. For both to play their full part, they must restore trust and become…

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