VCFO

APRIL 21, 2022

Gary is a finance professional with more than 45 years of expertise in business development, global accounting, and process improvement across multiple industries. He previously managed finance teams ranging in size of two to 250. Gary is also a Certified Public Accountant. About vcfo.

CFO 52

CFO Strategic Planning Auditing Leadership 52

PYMNTS

JULY 21, 2017

So started Affirm’s Co-Founder and CEO Max Levchin ’s remarks at his firm’s first-ever AFFIRMation conference for its retail partners in San Francisco yesterday. “Finance is pretty broken.”. Levchin, by his own description, has spent his career in financial services and founding companies — “some of which succeeded, some didn’t.”

Finance 44

Finance Retail Risk Management Numbers 44

PYMNTS

FEBRUARY 24, 2016

When it comes to a retailer protecting its assets — digital and otherwise — the intrinsic assumption might be that the focus ought to look outward. But the reality is that the greatest security threat facing retail companies, according to a number of recent surveys, often comes from within. In a story posted yesterday (Feb.

Retail 40

Retail Securities Risk Management Sales 40

PYMNTS

MAY 27, 2020

Account takeovers (ATOs) rose 347 percent from 2018 to 2019 — a problem that will only worsen if financial institutions (FIs) are not vigilant. Fraudsters equipped with such information could then easily access victims’ online accounts using legitimate credentials and take control of the customers’ funds.

Banking 98

Banking Treasury Risk Management Securities 98

CFO Talks

OCTOBER 26, 2022

CFO Club Africa is a division of the Chartered Institute of Business Accountants, the professional body for business accountants, financial managers and chief financial officers. and join our community of accounting and finance executives. When I went to high school, I naturally chose accounting as a subject.

CFO 98

CFO Auditing Leadership Budgeting 98

Global Finance

MAY 8, 2024

China and Environs China’s banks faced a challenging 2023 due to feeble retail and mortgage loan demand, policy initiatives directing cut-rate lending to strategic sectors, and dwindling NIMs, which fell 22 basis points (bps) over the year, extending 2022’s decline. per share for a record annual AU$4.50

Banking 52

Banking Profit and Loss Construction Retail 52

PYMNTS

AUGUST 8, 2019

The collaboration gives the 12,000-plus national ACTA members an opportunity to tap into Western Union’s payments expertise and knowledge of foreign currency transactions and currency risk management, according to a Western Union press release on Thursday (Aug.

Currencies 71

Currencies Risk Management Leverage Accounting 71

PYMNTS

OCTOBER 24, 2018

When it comes to deploying corporate resources in the battle against online fraud and account takeovers (ATOs), all too often, guiding principles fail to spot what’s really happening to a business in real time. It turns out that, for online retail last year, the “fraudliest day” was Dec. Rules of thumb are useful — until they aren’t.

Risk Management 63

Risk Management Accounting Retail Planning 63

PYMNTS

JANUARY 18, 2021

Incidentally, there is no one-size-fits-all solution to tackling these risks, as one firm’s best practices may not be as effective for another’s operations. Each company’s risk management approach must therefore be tailored to its specific business needs.

Foreign Exchange 127

Foreign Exchange Treasury Risk Management Corporate Finance 127

PYMNTS

FEBRUARY 27, 2019

Slovenia is due to see an instant payments platform launch from Bankart this month, while Malaysia has a new solution of its own, enabling instant credit transfers to bank accounts using details such as mobile phone numbers or national IDs. New initiatives are also rising in the U.S., Get the full story in the Tracker.

Reconciliations 57

Reconciliations Risk Management Leverage Securities 57

Cube Software

MAY 11, 2023

Income accounts and balance sheet items, like accounts receivable and cost of goods sold, are analyzed to determine the percentage they contribute to total sales. It’s also useful for risk management as it helps anticipate any financial challenges on the horizon, giving companies enough time to change course or correct any errors.

Sales 52

Sales Financial Planning and Analysis (FP&A) Forecasting Accounting 52

PYMNTS

APRIL 10, 2017

In a statement , the board said, “The extreme and unprecedented ISS voting recommendation on directors fails to recognize the active engagement of the Board and the substantial actions it has already taken to strengthen oversight and increase accountability at all levels of Wells Fargo, including important improvements to corporate governance.

Risk Management 40

Risk Management Accounting Sales Retail 40

PYMNTS

MAY 17, 2018

There is no evidence that any data involved creating fictitious accounts for retail consumers, as was the case in the scandal from about two years ago. Wells Fargo is still dealing with the aftermath of its employees opening fake accounts for customers to meet aggressive sales targets.

Banking 58

Banking Currencies Risk Management Accounting 58

PYMNTS

JANUARY 20, 2020

In the past, however, the industry would think of fraud and risk management as separate processes and managing the data associated with payment details as well as credentials as a separate task. They might have very manual processes for dealing with end-of-the-day accounting procedures (i.e., reconciliation).

Reconciliations 58

Reconciliations B2C Risk Management B2B 58

PYMNTS

SEPTEMBER 24, 2020

“This collaboration represents a new method for payment authentication that will simplify the payment management of any vehicle. This method enables payments to have regulatory and security elements, creating a comprehensive banking and risk management solution specifically designed for vehicles,” the company said in a statement.

Risk Management 99

Risk Management Technology Securities Accounting 99

PYMNTS

SEPTEMBER 26, 2016

That said, the latter still accounts for 71 percent of the total global transaction volume. The report specifically highlighted the growth in the developing markets, which have the highest rate of increased change — 16.7 percent — compared to more mature markets growing at less than half of that — 6 percent. A few firsts were pointed out.

Cash Management 73

Cash Management Risk Management Securities Compliance 73

PYMNTS

OCTOBER 25, 2017

Within the Issuer Solutions segment, the company said it had a record number of accounts on file. The number of accounts at quarter’s end totaled 562.1 During the call, Troy Woods stated that key technology initiatives in the issuer segment included technology tied to fraud and risk management. percent growth to $401.1

Risk Management 54

Risk Management Currencies Accounting Numbers 54

PYMNTS

JUNE 5, 2020

Open banking provides opportunities such as upgraded customer convenience and customized financial solutions that can help consumers access bank account details, send payments, manage their budgets and more. The benefits are compelling but banks need to understand which entities are using the APIs they provide.

Securities 69

Securities Banking Leverage Accounting 69

PYMNTS

JULY 14, 2020

In addition to its core POS lending business, Affirm branched out into financial services in June, debuting a high-yield savings account called Affirm Savings. The account comes with 1.30 Rounding out the top 5 of PYMNTS Provider Ranking of Alternative Credit Apps at present is BNPL player QuadPay.

Sales 52

Sales Risk Management Budgeting Leverage 52

PYMNTS

MAY 17, 2018

There is no evidence that any data involved creating fictitious accounts for retail consumers, as was the case in the scandal from about two years ago. Wells Fargo is still dealing with the aftermath of its employees opening fake accounts for customers to meet aggressive sales targets.

Banking 40

Banking Currencies Risk Management Accounting 40

PYMNTS

JANUARY 11, 2018

That category, according to Burnside, contains about 145 million consumers – who, he noted, have very particular points of need where underwriting and risk management capabilities are severely underdeveloped. Breaking New Ground. .

Risk Management 43

Risk Management Finance Sales Construction 43

PYMNTS

DECEMBER 14, 2018

The company’s technology automates the aggregation and normalization of financial data in real time, across bank accounts and other financial portals, via open banking and application program interface (API) technologies. Access Fintech.

B2B 51

B2B Startups Treasury Financial Data 51

PYMNTS

JULY 13, 2018

The San Francisco-based bank had a total of 5,751 retail branches by the end of the second quarter, citing 114 branch consolidations during the first half. The bank reported 5,977 retail branches in the year-ago quarter. However, we have to do manage our other risks, such as compliance and operational risk.”

Foreign Exchange 40

Foreign Exchange Banking Risk Management Accounting 40

PYMNTS

JULY 25, 2017

In recent studies, as noted by EKN Research and Radial, developed nations are seeing an increase in card not present (CNP) fraud, which now accounts for as much as 70 percent of all card fraud and is growing at double-digit percentage rates in some nations. . BI Intelligence reported news that retailers declined $8.6 the year before.

Retail 48

Retail eCommerce Risk Management Securities 48

PYMNTS

DECEMBER 29, 2020

Wingert asked, adding that it’s important to have powerful geofencing capabilities for sanctions prevention and account security to ensure compliance with jurisdictions that are prohibited or have sanctions concerns. “Can you really know your customer if you don’t know their location?”

Compliance 108

Compliance Prioritization Securities Banking 108

PYMNTS

JULY 16, 2018

Macy’s is, of course, just the latest retailer in a long string to be hit with such a breach. In April, retailer Hudson’s Bay disclosed that customers at Saks and Lord & Taylor stores in North America have had their payment cards compromised.

Banking 40

Banking Construction Retail Education 40

PYMNTS

APRIL 24, 2018

million consumers, announced news on Tuesday (April 24) of the launch of a blended version of its Commercial Insight Delinquency Score, which predicts the likelihood that a business to incur severe delinquency, charge-off or bankruptcy on financial accounts within the next 12 months. Commercial Services at Equifax in the press release.

Leadership 40

Leadership Risk Management Retail Accounting 40

PYMNTS

JUNE 18, 2018

Insurance is a complex world of many moving parts, including data collection, mathematical models and risk assessment. In some ways, the difficulties can increase when a company tries to do risk management in real time. You are left holding an invoice and you have a very big hole in your account,” he said.

Invoicing 46

Invoicing B2B Risk Management Leverage 46

Future CFO

DECEMBER 18, 2020

James Ponsford: Asia and Singapore, in particular, is a commodities hub with commodity trading business accounting to 4.5% Matthew Wells: Adjusting to the “new norm” of assessing credit risk, management information may not be too helpful in judging how a company has worked through COVID-19. of Singapore’s GDP.

Marketing 52

Marketing Profit and Loss Finance Credit Risk 52

Finvisage

JANUARY 2, 2020

Today corporates all around the world extensively engage themselves in Financial Risk Management processes to mitigate their exposure to adverse consequences resulting from threats and uncertainties; TCI is one such process. TCI claims rose by 40% in 2018 compared to 2017 figures most notably in Construction and Retail sectors.

Construction 52

Construction Manufacturing Economics Profit and Loss 52

CFO Talks

MARCH 19, 2024

The CFO needs to consider how AI can be leveraged not just for automating routine tasks, but also for providing deeper insights into financial forecasting, risk management, and strategic decision-making.

CFO 52

CFO Communication Finance Budgeting 52

PYMNTS

JUNE 23, 2016

Retail’s constant chase for growth means that some or even most will never reach their goals. Normally, the week’s headlines are filled with merchants stuck in a death spiral of slow sales and lackluster supply chain management. Few are inevitably spared the fate in the long run.

Restructuring 40

Restructuring Retail Sales Accounting 40

PYMNTS

OCTOBER 4, 2019

India’s FinBox landed an undisclosed amount of pre-Series A funding, reports in Inc42 said this week, with investors at Arali Ventures leading the investment in the credit risk management technology startup. MaxAB targets informal food and grocery retailers and suppliers, connecting them on a digital platform to conduct trade.

B2B 51

B2B eCommerce Startups Foreign Exchange 51

PYMNTS

JULY 3, 2017

Travel companies have historically been some of the worst offenders for drip pricing, a technique used by online retailers whereby a headline price is advertised at the beginning of the purchase process, and additional fees — such as card surcharges — that are added later in the process to inflate the final cost.

Advertising 44

Advertising Risk Management B2B Currencies 44

PYMNTS

DECEMBER 16, 2019

Uber is giving its drivers free digital wallets to receive their pay (and, they hope, all of their other pay as well) as well as access to special deals and promotions to linked to that account to keep more of them driving for the company.

Banking 72

Banking Accounting Leverage Advertising 72

PYMNTS

JANUARY 1, 2020

Uber is giving its drivers free digital wallets to receive their pay (and, they hope, all of their other pay as well) as well as access to special deals and promotions to linked to that account to keep more of them driving for the company.

Banking 69

Banking Accounting Leverage Advertising 69

PYMNTS

DECEMBER 24, 2018

ISOs are basically in the business of selling merchant accounts to merchants. And the problem is, merchants aren’t buying merchant accounts anymore — they are buying solutions.”. These retail ISOs, Aberman noted, are well suited to serve that role, because they already know quite a bit about their customers and the niches they serve.

Math 60

Math Startups Risk Management Compliance 60