A featured contribution from Leadership Perspectives, a curated forum for technology leaders, nominated by our subscribers and vetted by the Applied Technology Review Editorial Board.

MAHLE

The Impact Of Technology On The Financial Sector

Hiba Yazbeck

Hiba Yazbeck

Hiba Yazbeck has been working as a Finance and Accounting North America at MAHLE for 6 years. MAHLE is part of the Automotive Parts industry, and located in Germany. She has been in the finance arena for 25 years started in audit and then moved into automotive industry

What Are Some Of The Most Significant Challenges Or Trends You’ve Noticed In The Marketplace? And How Can Businesses Or Financial Executives Keep Up With These Changes?

I’ve witnessed major shifts, from decentralization to centralization, and from standardizing all processes across multiple levels to automating them. Another significant trend is incorporating lean six stigma concept using artificial intelligence to reduce the number of day-to-day operations and standardize the work, as well as to incorporate artificial intelligence for repetitive work.

What Are Some Of The Difficulties That Leaders Encounter In Adapting To These New Changes In The Industry?

Transformation is an important component of any leadership strategy. Leaders must stay on top of all changes by staying informed about what is going on in the industry. Knowing what areas of development each leader requires can aid in the development of better managers and encourage workplace positivity and productivity. Another critical aspect is keeping the team up to speed and driving cultural change within the organization. A successful transformation results in a culture that supports your mission, vision, and organizational objectives while also empowering your employees.

When It Comes To Your Present Job Role, How Do You Lead Your Team? Could You Please Tell Me About Your Innovative Leadership Strategy?

I’ve been with the company for the past 11 years. I evaluated my team’s strengths and weaknesses. And based on that, I made some choices about reshuff ling the roles or training them by ensuring that they are up to date on all of the requirements of their jobs. I do this by setting a good example. I’m not a micromanager, but I do make sure to adapt my approach to each individual.

“I see machines having a bigger role in analytics as long as the data is clean and the processes are standardized”

So, I sit down with some people, tell them precisely what my vision is, and they run with it. Other people, I tell them my vision, but I always set a meaning to ensure that they deliver what I anticipate. I occasionally have to supervise. As a result, I tailor my approach to each individual’s personality.

What Do You Think The Future Of The Financial Sector Will Look Like Or What Are Some Of The Potential Disruptions That Might Take Place?

I see a lot of standardization and artificial intelligence in the financial sector to replace redundant roles in tasks. Additionally, shifting team members’ focus to analysis and administration added value. I see machines having a bigger role in analytics as long as the data is clean and the processes are standardized.

What Would Be Your Single Piece Of Advice To The Upcoming Professionals In The Field?

I advise them to always seek knowledge and learn about the market. And when they lead a squad, they must set a good example, maintain a healthy atmosphere by being adaptable.

The articles from these contributors are based on their personal expertise and viewpoints, and do not necessarily reflect the opinions of their employers or affiliated organizations.
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