Speaking at the first session of the conference on the topic of 'Trust as Collateral', Suman Pokharel, Deputy CEO of Global IME Bank, said that the nature of the business, cash flow, and reliable financial data are increasingly important in lending, rather than traditional real estate collateral.
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Discussions have been held on making the traditional accounting process technology-friendly, data-based, and effective.
At the ‘TIGCON-2026’ conference, accounting professionals, representatives of banks and financial institutions, small and medium entrepreneurs, technology companies and representatives of digital ecosystems shared their experiences on how traditional accounting systems can be transformed through digital technology.
Speaking at the first session of the conference on ‘Trust as Collateral’, Suman Pokharel, Deputy CEO of Global IME Bank, said that the nature of the business, cash-flow and reliable financial data are becoming more important than traditional real estate collateral in lending.
He said that real-time financial data shared securely through the digital accounting system has helped banks make faster and fact-based decisions. He mentioned that this will help expand financial access, especially for small and medium enterprises.
In the second session, Chartered Accountant Arun Raut pointed out the need for accounting firms to focus not only on tax and audit but also on sustainable business development and strategic decisions. He said that technologies like live bank statements and automated reconciliation are making accounting work faster, easier and error-free.
In the third session, Manoj Ghimire, founder of Rara Labs, discussed the changes that technologies like AI are bringing to the accounting and audit process. ‘AI will automate repetitive and tedious tasks, and in the future, audits will also be real-time, due to which we will not have to wait years to understand the state of the business,’ he said. ‘As technology automates many tasks, the role of humans will be more focused on ethics, responsibility and decision-making.’
