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How AI Improves Enterprise Risk Management (ERM)

The Finance Weekly

It is changing how businesses deal with Enterprise Risk Management (ERM), and AI algorithms can always watch for risks. AI can look at lots of data, find patterns, and predict risks. AI also does tasks automatically and saves time for risk managers.

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Protecting Your Law Firm

CFO Simplified

But what’s missing is the “home care” that’s needed to make sure that their firm is running efficiently and profitably. But as they grow, that admin is now doing their accounting without much more than a YouTube tutorial on QuickBooks. Their IOLTA account needs to be balanced and managed to the penny. Impressive – really.

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The evolution of accounting – before and during COVID-19

Future CFO

Like many office occupations, accounting is one of those that is heavy into paper, heavy into people, and very heavy into hours of work in the office. Dr Josh Heniro, Institute of Management Accountants. To be clear, accounting didn’t wait for COVID-19 to initiate change. Before to COVID-19, how was accounting performed?

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World’s Best Banks 2024—Asia-Pacific

Global Finance

Lending rates followed central bank tightening moves, while deposit rates lagged; and across the region, there were some record profits. In Japan, profits at the country’s five most prominent banking groups leapt 56% to a record ¥2 trillion (about $12.6 billion after-tax profit versus $8.3 billion; a 2.3% billion in 2022.

Banking 52
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Wells Fargo Planning Corporate Banking Shakeup

PYMNTS

The move would mean both units would share profit and loss targets, according to reports. Last month, Wells Fargo announced it would be overhauling its risk management processes and that four of its top risk management executives will be retiring. The announcement followed revelations that the U.S.

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Turning Currency Volatility Into A Global FX Strategy

PYMNTS

According to Frey, if an exchange rate shift of more than 10 percent would negatively impact a company’s PNL (profit and loss) or ability to generate revenue, then, regardless of size, that company should deploy an FX risk mitigation strategy. That’s because mitigation against currency volatility isn’t an isolated endeavor.

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Top 8 AI Uses in Finance Embraced by FP&A Leaders

The Finance Weekly

Allegedly, their AI-driven efforts have saved them from potential fraud losses exceeding a billion dollars. Risk and Expenses Management AI-driven , tools for risk management empower FP&A leaders to evaluate and address risks more efficiently.