{"id":9011,"date":"2021-11-10T14:23:24","date_gmt":"2021-11-10T14:23:24","guid":{"rendered":"https:\/\/cpo.b2e.media\/?page_id=9011"},"modified":"2022-03-08T12:01:04","modified_gmt":"2022-03-08T12:01:04","slug":"procurement-fintech-and-digital-faqs","status":"publish","type":"page","link":"https:\/\/interface.media\/about-interface\/procurement-fintech-and-digital-faqs\/","title":{"rendered":"FAQs"},"content":{"rendered":"\n\t\t\n<section class=\"page-banner-titles full-width\">\n\n\t\t<div class=\"page-banner-titles__inner\" >\n\t\t\t\t\t\t\t<div class=\"page-banner-titles__background\" data-interchange='[https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/11\/faqs-640x210.jpg, small],\n\t[https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/11\/faqs-1024x335.jpg, medium],\n\t[https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/11\/faqs-1200x393.jpg, large],\n\t[https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/11\/faqs.jpg, xlarge]'>\n\t\t\t<\/div>\n\t\t\t\t\t\t\n\t\t<\/div>\n\n<\/section>\n\n\t\t\n\n\n<h2 class=\"has-text-align-center wp-block-heading\" id=\"h-procurement-technologyfaqs\">Procurement &amp; technology<br>FAQs<\/h2>\n\n\n\n\t\t\n\n<section class=\"narrow-content\">\n\n    <div class=\"grid-container\">\n\n        <div class=\"narrow-content__content\">\n            \n\n<p>As experts in procurement, supply chain and technology transformation journeys, we would like to highlight a selection of our recent stories which explore some of the topics mentioned below in practical terms.<\/p>\n\n        <\/div>\n\n    <\/div>\n\n<\/section>\n\t\t\n\n\n<div class=\"wp-block-theme-accordion-blocks-item accordion-block-item\"><dl class=\"accordion\"><dt><span>Q<\/span><a href=\"#\">What function does the procurement process play in today&#8217;s global business world?<\/a><\/dt><dd class=\"accordion-block-copy\"><div class=\"accordion-container\"><span>A<\/span>\n<p><strong>Procurement<\/strong> is currently undergoing a massive transformation.&nbsp; Whilst past positions within procurement departments focussed mainly on pricing, quality of goods and services, in today\u2019s world these positions involve taking many more factors into consideration, utilising existing <strong>procurement processes<\/strong>, and making them strategic to the company\u2019s future and strengthening customer perception.<\/p>\n\n\n\n<p><strong>Articles to read:<\/strong><\/p>\n\n\n\n<ul class=\"has-normal-font-size wp-block-list\"><li>Sustainability within the <strong>beauty industry<\/strong> \u2013 <a href=\"https:\/\/interface.media\/magazines\/cpostrategy-issue-24?pageNumber=7\" target=\"_blank\" rel=\"noreferrer noopener\">Givaudan, Willem Mutsaerts, Chief Procurement and Sustainabilty Officer<\/a><\/li><li>Environmental factors \u2013 <a href=\"https:\/\/interface.media\/green-means-gold-sustainability-the-key-in-attracting-talent\" target=\"_blank\" rel=\"noreferrer noopener\">Dale Benton<\/a><\/li><li>Corporate, Social Responsibility within the <strong>food and beverage industry<\/strong> \u2013 <a href=\"https:\/\/interface.media\/magazines\/cpostrategy-issue-16?pageNumber=7\" target=\"_blank\" rel=\"noreferrer noopener\">Alexandre Turolla, VP Procurement Global Raw Materials, Mondel\u0113z International<\/a><\/li><\/ul>\n\n\n\n<p>As experts in procurement we demonstrate these journeys of transformation within procurement roles in our publication <strong><a href=\"https:\/\/interface.media\/feed-cpo\" target=\"_blank\" rel=\"noreferrer noopener\">CPOstrategy<\/a><\/strong>.<\/p>\n\n\n\n<div class=\"wp-block-columns are-vertically-aligned-top is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-top is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:25.01%\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/07\/00.Cover_.CPO_.June21-724x1024.jpg\" alt=\"\" class=\"wp-image-8941\"\/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-top is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:25%\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/06\/00.Cover_.CPO_.May21-1-724x1024.jpg\" alt=\"\" class=\"wp-image-8782\"\/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-top is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:25%\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"566\" src=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/04\/00.Cover_.CPO_.Mar21-1448x2048-1.jpg\" alt=\"\" class=\"wp-image-8587\" srcset=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/04\/00.Cover_.CPO_.Mar21-1448x2048-1.jpg 400w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/04\/00.Cover_.CPO_.Mar21-1448x2048-1-212x300.jpg 212w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/04\/00.Cover_.CPO_.Mar21-1448x2048-1-328x464.jpg 328w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/04\/00.Cover_.CPO_.Mar21-1448x2048-1-170x241.jpg 170w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/04\/00.Cover_.CPO_.Mar21-1448x2048-1-198x281.jpg 198w\" sizes=\"auto, (max-width: 639px) 98vw, (max-width: 1199px) 64vw, 400px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:25%\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/03\/00.Cover-Steph.CPO_.Feb21-724x1024.jpg\" alt=\"\" class=\"wp-image-8096\"\/><\/figure>\n<\/div>\n<\/div>\n\n\n\n<p>Featuring articles from <strong>Chief Procurement Officers (CPOs)<\/strong> of large international companies, we discuss their unique stories to demonstrate how changes within procurement processes can ultimately change the culture of an organisation and bring new opportunities for growth.<\/p>\n<\/div><\/dd><\/dl><\/div>\n\n\n\n<div class=\"wp-block-theme-accordion-blocks-item accordion-block-item\"><dl class=\"accordion\"><dt><span>Q<\/span><a href=\"#\">What is Digital Disruption and what part does Digital Disruption play in today&#8217;s industries?<\/a><\/dt><dd class=\"accordion-block-copy\"><div class=\"accordion-container\"><span>A<\/span>\n<p><strong>Digital disruption<\/strong> and the concept of <strong>digital transformation<\/strong> is a hot topic the world over, in every industry and market sector.<\/p>\n\n\n\n<p><strong>Articles to read:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Digital transformation and disruption within the <strong>banking sector<\/strong> \u2013 <a href=\"https:\/\/interface.media\/magazines\/the-interface-issue-10?pageNumber=75\" target=\"_blank\" rel=\"noreferrer noopener\">Dennis Omila, Chief Information Officer, Union Bank<\/a><\/li><li>How SAAS plays an important role in <strong>digital transformation<\/strong> &#8211; <a href=\"https:\/\/interface.media\/magazines\/interface-magazine-issue-14?pageNumber=7\" target=\"_blank\" rel=\"noreferrer noopener\">Chad Kalmes, Vice President Technical Operations, PagerDuty<\/a><\/li><\/ul>\n\n\n\n<p>We demonstrate these innovative journeys of digital transformation and disruption within <strong>CPOstrategy and <a href=\"https:\/\/interface.media\/feed-interface\" target=\"_blank\" rel=\"noreferrer noopener\">INTERFACE<\/a> magazines<\/strong>.<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"624\" height=\"883\" src=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/11\/CPo-24.jpg\" alt=\"\" class=\"wp-image-10027\" srcset=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/11\/CPo-24.jpg 624w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/11\/CPo-24-212x300.jpg 212w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/11\/CPo-24-328x464.jpg 328w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/11\/CPo-24-170x241.jpg 170w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/11\/CPo-24-198x281.jpg 198w\" sizes=\"auto, (max-width: 639px) 98vw, (max-width: 1199px) 64vw, 624px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"724\" height=\"1024\" src=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2020\/04\/01.MagCover_Interface-Jan2020-scaled-724x1024.jpg\" alt=\"\" class=\"wp-image-5246\" srcset=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2020\/04\/01.MagCover_Interface-Jan2020-scaled-724x1024.jpg 724w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2020\/04\/01.MagCover_Interface-Jan2020-scaled-212x300.jpg 212w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2020\/04\/01.MagCover_Interface-Jan2020-scaled-768x1086.jpg 768w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2020\/04\/01.MagCover_Interface-Jan2020-scaled-328x464.jpg 328w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2020\/04\/01.MagCover_Interface-Jan2020-scaled-170x241.jpg 170w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2020\/04\/01.MagCover_Interface-Jan2020-scaled-198x281.jpg 198w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2020\/04\/01.MagCover_Interface-Jan2020-scaled-640x905.jpg 640w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2020\/04\/01.MagCover_Interface-Jan2020-scaled-1024x1448.jpg 1024w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2020\/04\/01.MagCover_Interface-Jan2020-scaled.jpg 1061w\" sizes=\"auto, (max-width: 639px) 98vw, (max-width: 1199px) 64vw, 724px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"566\" src=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/04\/00.Cover_.CPO_.Mar21-1448x2048-1.jpg\" alt=\"\" class=\"wp-image-8587\" srcset=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/04\/00.Cover_.CPO_.Mar21-1448x2048-1.jpg 400w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/04\/00.Cover_.CPO_.Mar21-1448x2048-1-212x300.jpg 212w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/04\/00.Cover_.CPO_.Mar21-1448x2048-1-328x464.jpg 328w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/04\/00.Cover_.CPO_.Mar21-1448x2048-1-170x241.jpg 170w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/04\/00.Cover_.CPO_.Mar21-1448x2048-1-198x281.jpg 198w\" sizes=\"auto, (max-width: 639px) 98vw, (max-width: 1199px) 64vw, 400px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/02\/01.MagCover_Interface-Jan2020-724x1024.jpg\" alt=\"\" class=\"wp-image-7947\"\/><\/figure>\n<\/div>\n<\/div>\n\n\n\n<p>Featuring articles from <strong>Chief Procurement Officers (CPOs)<\/strong> of large international companies, we discuss their unique stories to demonstrate how changes within procurement processes can ultimately change the culture of an organisation and bring new opportunities for growth.<\/p>\n<\/div><\/dd><\/dl><\/div>\n\n\n\n<div class=\"wp-block-theme-accordion-blocks-item accordion-block-item\"><dl class=\"accordion\"><dt><span>Q<\/span><a href=\"#\">What is Digital Transformation?<\/a><\/dt><dd class=\"accordion-block-copy\"><div class=\"accordion-container\"><span>A<\/span>\n<p><strong>Digital transformation <\/strong>is the strategic adoption of emerging digital technologies. It is used to improve processes and productivity, deliver better customer and employee experiences, manage business risk, and control costs.<\/p>\n\n\n\n<p><strong>Articles to read:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Improving customer experience within the <strong>insurance sector<\/strong> &#8211; <a href=\"https:\/\/interface.media\/magazines\/the-interface-issue-20?pageNumber=27\" target=\"_blank\" rel=\"noreferrer noopener\">Lorenza Chiofalo, Head of Innovation, Aviva<\/a><\/li><li>Modernising e-commerce platfoms within the <strong>retail sector<\/strong> &#8211; <a href=\"https:\/\/interface.media\/magazines\/the-interface-issue-23?pageNumber=7\" target=\"_blank\" rel=\"noreferrer noopener\">Miguel \u00c1ngel Gonz\u00e1lez Gisbert, Global CTDO, Carrefour<\/a><\/li><li>Transforming business processes in the <strong>digital workspace<\/strong> &#8211;<a href=\"https:\/\/interface.media\/magazines\/the-interface-issue-18?pageNumber=7\" target=\"_blank\" rel=\"noreferrer noopener\"> Sangya Singh, Chief Experience Office, Microsoft Dynamics 365<\/a><\/li><li>Improving collaboration and customer experience within the <strong>pharmaceutical sector<\/strong> &#8211; <a href=\"https:\/\/interface.media\/magazines\/the-interface-issue-13?pageNumber=31\" target=\"_blank\" rel=\"noreferrer noopener\">Wayne Hull, Chief Digital and Technology Office, PCI Pharma Services<\/a><\/li><\/ul>\n\n\n\n<p>As experts in procurement and technology we demonstrate these journeys of <strong>digital transformation<\/strong> and many more within in our publication <strong><a href=\"https:\/\/interface.media\/feed-interface\" target=\"_blank\" rel=\"noreferrer noopener\">INTERFACE<\/a><\/strong>.<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/09\/01.MagCover.Interface.Aug21-724x1024.jpg\" alt=\"\" class=\"wp-image-9277\"\/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"724\" height=\"1024\" src=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/08\/01.MagCover_Interface-Mar2020-724x1024.jpg\" alt=\"\" class=\"wp-image-9162\" srcset=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/08\/01.MagCover_Interface-Mar2020-724x1024.jpg 724w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/08\/01.MagCover_Interface-Mar2020-212x300.jpg 212w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/08\/01.MagCover_Interface-Mar2020-768x1087.jpg 768w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/08\/01.MagCover_Interface-Mar2020-328x464.jpg 328w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/08\/01.MagCover_Interface-Mar2020-170x241.jpg 170w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/08\/01.MagCover_Interface-Mar2020-198x281.jpg 198w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/08\/01.MagCover_Interface-Mar2020-640x906.jpg 640w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/08\/01.MagCover_Interface-Mar2020-1024x1449.jpg 1024w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/08\/01.MagCover_Interface-Mar2020.jpg 1060w\" sizes=\"auto, (max-width: 639px) 98vw, (max-width: 1199px) 64vw, 724px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/06\/01.MagCover_Interface-Jan2020-724x1024.jpg\" alt=\"\" class=\"wp-image-8928\"\/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/05\/01.MagCover_Interface22-724x1024.jpg\" alt=\"\" class=\"wp-image-8685\"\/><\/figure>\n<\/div>\n<\/div>\n<\/div><\/dd><\/dl><\/div>\n\n\n\n<div class=\"wp-block-theme-accordion-blocks-item accordion-block-item\"><dl class=\"accordion\"><dt><span>Q<\/span><a href=\"#\">What is AI?<\/a><\/dt><dd class=\"accordion-block-copy\"><div class=\"accordion-container\"><span>A<\/span>\n<p><strong>AI<\/strong> is the abbreviation for <strong>Artificial Intelligence<\/strong> and it is playing a part in most people&#8217;s lives to some extent, driving innovation and enabling efficient processing and delivery of data, both within a company and ultimately improving the customer experience.<\/p>\n\n\n\n<p>Across the globe and in every sector, enterprises are looking to transform their offerings and operations through the harnessing of data-driven, digital technologies.<\/p>\n\n\n\n<p><strong>Articles to read:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Using AI to improve <strong>data security<\/strong> and assist in anti-money laundering &#8211; <a href=\"https:\/\/interface.media\/why-does-artificial-intelligence-still-sound-scary\" target=\"_blank\" rel=\"noreferrer noopener\">Jim Logan, Silent Eight, SVP, Regional Sales, US &amp; Latin America<\/a><\/li><li>Innovative AI advancements in the <strong>healthcare sector<\/strong> &#8211; <a href=\"https:\/\/interface.media\/why-does-artificial-intelligence-still-sound-scary\" target=\"_blank\" rel=\"noreferrer noopener\">Andrew Richardson<\/a><\/li><li>AI enhancing <strong>procurement<\/strong> operations &#8211;<a href=\"https:\/\/interface.media\/thedigitalinsight\/how-ai-can-truly-be-the-key-to-enhancing-procurement-operations-with-greg-watts-ceo-findr\" target=\"_blank\" rel=\"noreferrer noopener\"> Greg Watts, CEO of&nbsp;Findr<\/a><\/li><li>Overcoming AI challenges &#8211; <a href=\"https:\/\/interface.media\/overcoming-six-ai-challenges-in-2021\" target=\"_blank\" rel=\"noreferrer noopener\">Gurpreet Purewal, Associate Vice President, Business Development, iResearch Services<\/a><\/li><li>Innovative AI usage within the<strong> fashion industry<\/strong> &#8211; <a href=\"https:\/\/interface.media\/how-technology-is-driving-innovation-within-fashion\" target=\"_blank\" rel=\"noreferrer noopener\">Dale Benton<\/a><\/li><\/ul>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/09\/UPDATE-Cover-CPOstrategy-USE-724x1024.jpg\" alt=\"\" class=\"wp-image-9530\"\/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/09\/01.MagCover.Interface.Aug21-724x1024.jpg\" alt=\"\" class=\"wp-image-9277\"\/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/07\/00.Cover_.CPO_.June21-724x1024.jpg\" alt=\"\" class=\"wp-image-8941\"\/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"724\" height=\"1024\" src=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/08\/01.MagCover_Interface-Mar2020-724x1024.jpg\" alt=\"\" class=\"wp-image-9162\" srcset=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/08\/01.MagCover_Interface-Mar2020-724x1024.jpg 724w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/08\/01.MagCover_Interface-Mar2020-212x300.jpg 212w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/08\/01.MagCover_Interface-Mar2020-768x1087.jpg 768w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/08\/01.MagCover_Interface-Mar2020-328x464.jpg 328w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/08\/01.MagCover_Interface-Mar2020-170x241.jpg 170w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/08\/01.MagCover_Interface-Mar2020-198x281.jpg 198w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/08\/01.MagCover_Interface-Mar2020-640x906.jpg 640w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/08\/01.MagCover_Interface-Mar2020-1024x1449.jpg 1024w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2021\/08\/01.MagCover_Interface-Mar2020.jpg 1060w\" sizes=\"auto, (max-width: 639px) 98vw, (max-width: 1199px) 64vw, 724px\" \/><\/figure>\n<\/div>\n<\/div>\n<\/div><\/dd><\/dl><\/div>\n\n\n\n<div class=\"wp-block-theme-accordion-blocks-item accordion-block-item\"><dl class=\"accordion\"><dt><span>Q<\/span><a href=\"#\">What is FinTech and InsurTech?<\/a><\/dt><dd class=\"accordion-block-copy\"><div class=\"accordion-container\"><span>A<\/span>\n<p>Financial and Insurance technology is becoming crucial in ensuring fraud protection and in improving efficiencies within these industries and is one of the fastest-growing areas for venture capitalists today.<\/p>\n\n\n\n<p><strong>Articles to read<\/strong>:<\/p>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Improving customer experience within the <strong>insurance sector<\/strong> &#8211; <a href=\"https:\/\/interface.media\/magazines\/the-interface-issue-20?pageNumber=27\" target=\"_blank\" rel=\"noreferrer noopener\">Lorenza Chiofalo, Head of Innovation, Aviva <\/a><\/li><li>Digital transformation and disruption within the <strong>banking sector<\/strong> \u2013 <a href=\"https:\/\/interface.media\/magazines\/the-interface-issue-10?pageNumber=75\" target=\"_blank\" rel=\"noreferrer noopener\">Dennis Omila, Chief Information Officer, Union Bank<\/a><\/li><\/ul>\n\n\n\n<p>We demonstrate these journeys of <strong>digital transformation<\/strong> and many more within our publication <strong><a href=\"https:\/\/interface.media\/feed-interface\" target=\"_blank\" rel=\"noreferrer noopener\">INTERFACE<\/a><\/strong>. <\/p>\n<\/div><\/dd><\/dl><\/div>\n\n\n\n<div class=\"wp-block-theme-accordion-blocks-item accordion-block-item\"><dl class=\"accordion\"><dt><span>Q<\/span><a href=\"#\">What is Blockchain technology?<\/a><\/dt><dd class=\"accordion-block-copy\"><div class=\"accordion-container\"><span>A<\/span>\n<p>Blockchain refers to a \u2018chain of blocks\u2019 of information. <\/p>\n\n\n\n<p>For every \u2018event\u2019, there is a block of information associated with it as it occurs. As other related events occur subsequently, the associated event also has another block of information connected to it. You can then trace the history to the highest level of assurance as it cannot be edited. It is shared, secure, immutable and configurable.<\/p>\n\n\n\n<p>Articles to read:<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Sustainable and ethical procurement practices increase trust &#8211; <a href=\"https:\/\/interface.media\/sustainable-and-ethical-procurement-practices-increase-trust\" target=\"_blank\" rel=\"noreferrer noopener\">Winston Yong, Blockchain leader. IBM Consulting<\/a><\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-medium is-resized\"><a href=\"https:\/\/interface.media\/magazines\/cpostrategy-issue-29\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2022\/02\/Cover-DofC-USE-212x300.jpg\" alt=\"\" class=\"wp-image-11447\" width=\"159\" height=\"225\" srcset=\"https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2022\/02\/Cover-DofC-USE-212x300.jpg 212w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2022\/02\/Cover-DofC-USE-724x1024.jpg 724w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2022\/02\/Cover-DofC-USE-768x1086.jpg 768w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2022\/02\/Cover-DofC-USE-1086x1536.jpg 1086w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2022\/02\/Cover-DofC-USE-1448x2048.jpg 1448w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2022\/02\/Cover-DofC-USE-328x464.jpg 328w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2022\/02\/Cover-DofC-USE-170x241.jpg 170w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2022\/02\/Cover-DofC-USE-198x281.jpg 198w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2022\/02\/Cover-DofC-USE-640x905.jpg 640w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2022\/02\/Cover-DofC-USE-1024x1448.jpg 1024w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2022\/02\/Cover-DofC-USE-1200x1697.jpg 1200w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2022\/02\/Cover-DofC-USE-1400x1980.jpg 1400w, https:\/\/interface.media\/wp-content\/uploads\/sites\/3\/2022\/02\/Cover-DofC-USE-scaled.jpg 1810w\" sizes=\"auto, (max-width: 639px) 98vw, (max-width: 1199px) 64vw, 159px\" \/><\/a><figcaption>CPOstrategy &#8211; Issue 29<\/figcaption><\/figure>\n\n\n\n<p>Read the full story, and much more in our publication <strong><a href=\"https:\/\/interface.media\/feed-cpo\" target=\"_blank\" rel=\"noreferrer noopener\">CPOstrategy<\/a>. <\/strong><\/p>\n<\/div><\/dd><\/dl><\/div>\n\n\n\n\t\t\n\n<section class=\"purple-background full-width\">\n\n    <div class=\"grid-container\">\n      \n        <div class=\"purple-background__content\">\n            \n\n<h2 class=\"wp-block-heading\">Didn\u2019t find the answer you were looking for?<\/h2>\n\n\n\n<p>Procurement and technology are subjects of great complexity.  If you have a question that you think we may be able to assist with, please do not hesistate to contact us and we can add to our knowledge base.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-499968f5 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/interface.media\/contact\">GET IN TOUCH<\/a><\/div>\n<\/div>\n\n        <\/div>\n\n    <\/div>\n\n<\/section>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Procurement &amp; technologyFAQs<\/p>\n","protected":false},"author":471,"featured_media":0,"parent":1492,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-9011","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Procurement, FinTech and Digital FAQ&#039;s - 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