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Efficiency remains at play, but compliance and innovation scores Globally, banks have been focused on reducing costs this past year. Regulatory compliance has become a top priority for banks as they navigate an increasingly complex regulatory landscape related to AI, resilience, and open banking.
While compliance is mandatory, e-invoicing can bring significant benefits to businesses if approached strategically. When planning your implementation, think beyond compliance. Without it, you risk compliance issues, transaction delays, and even financial penalties. Whats in It for You? Errors can lead to rejected invoices.
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Evolving role Historically, CFOs were the stewards of financial reporting and compliance. This involves investing in technology that automates routine tasks and provides valuable insights that can drive competitive advantage. Arellano-Geronimo emphasises the importance of maintaining a balance between innovation and compliance.
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Maintaining adequate books and records is a cornerstone of compliance for all investment advisers. For financial planning services, a similar approach to documentation can be applied to support regulatory compliance from the start of client engagement through all the steps that follow.
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In this environment, CFOs must prioritise cybersecurity investments that deliver a tangible return on investment. One of the main challenges in securing cybersecurity investments lies in the nature of cybersecurity itself. How can we maximise the return on these investments while achieving our security goals?"
From employing local talent to investing in community health infrastructure, GDC’s approach integrates ESG principles into its broader business strategy. Investments in corporate social responsibility (CSR) also yield significant dividends. This allows for informed and strategic investment decisions.
But as time goes on, companies are going to continue to invest in technology, as well as in AI governance, security, and risk management. They are investing in using AI to not just gain efficiency but create more value for their organizations by predicting trends and identifying and mitigating emerging risks from this rapid transformation.
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Cloud ERPs offer modular architectures, allowing companies to scale their operations and add functionalities as needed without significant upfront investments. Security and Compliance: As companies migrate to the cloud, they can rely on their cloud ERP provider to prioritize data security and regulatory compliance.
The UAEs compliance with OECD demands is being administered by the Ministry of Finance. Largely pioneered by Dubai, the business model has been copied by other countries to attract for-eign direct investment. Many of them operate in zones that offer favorable tax incentives.
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How to Handle It: Immediately report the matter to the compliance or legal team. How to Handle It: Advocate for ethical sourcing by highlighting long-term benefits, such as enhanced brand reputation and compliance with international standards.
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Margaret Harwood Jones , Standard Chartered Standard Chartered As a client-centric bank, “we are continuously investing in developing our payments channel and foreign exchange solutions to meet the rapidly changing business environment our clients are operating in,” says Mahesh Kini, global head of Cash Management at Standard Chartered.
But it also comes with a unique set of challenges, particularly for CFOs tasked with ensuring compliance with international reporting standards. For example, while South African companies follow International Financial Reporting Standards (IFRS), the US requires compliance with its Generally Accepted Accounting Principles (GAAP).
Regulatory Compliance - Accurate records are essential for meeting legal and regulatory requirements, especially for publicly traded companies. Cons - Requires an upfront investment in software and may struggle with non-standard transactions. Compliance - Stay informed about regulatory requirements to avoid costly mistakes.
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Regulatory demands : Rising regulatory requirements, particularly in AML and cybersecurity, necessitate that banks prioritise IT investments, directly influencing CFOs financial planning and risk management. Sandeep Sethi Advisory for 2025 As banking leaders and CFOs prepare for 2025, Sethi emphasises the need for resilience and flexibility.
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This is for those investing only in Indian government bonds. They will have relaxed registration and compliance. NRIs and OCIs can freely invest and control IGB-FPIs. Securities and Exchange Board of India plans to ease Foreign Portfolio Investors norms. The move aims to attract long-term investors.
The insurer has achieved a ninefold increase in policy issuance while reducing headcount by 20 per cent, through technology investments. CFO Gopal Balachandran outlines the companys focus on health insurance expansion, regulatory compliance, IFRS 17 preparedness, and its approach to profitability and risk management.
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“We had to reassign resources to the right areas and ensure our investments aligned with revenue goals,” he recalls. We operate at the intersection of compliance and security in a space we pioneered, called trust management. “You need to embrace change and the outcome,” he reflects.
He enumerates five defining ESG trends are reshaping the business and investment environment in the archipelago: 1. This change represents more than just compliance, signaling the beginning of an era where ESG performance is scrutinised with the same intensity as financial health. Emerging technologies are stepping in.
The territorys mandatory provident funds (MPFs)Hong Kongs compulsory retirement savings schemesare val- ued at approximately $167 billion, of which about 37% were invested in bonds and balanced funds as of the close of last year.
The professionals you really want the ones who understand both compliance and strategy, who can hold their own in front of auditors, and who arent afraid to challenge the numbers theyre in demand. If you dont invest in their development, why should they invest their long-term future in you? Especially in finance.
By employing advanced forecasting tools and real-time financial reporting, they maintained a healthy cash reserve, allowing them to invest in new markets and technologies confidently. For financial services firms, these assessments are particularly crucial in navigating regulatory environments and ensuring compliance.
And heres what were willing to invest to make it happen. Compliance is tightening. And lets not forget: every time you help your company avoid a poor investment, navigate risk, or unlock new value, you build your own credibility, influence, and future career path. And more importantly, how to prepare for it.
Missed tax deductions and compliance penalties are common pitfalls that can seriously harm financial health. Similarly, in real estate finance management , optimizing tax deductions and ensuring compliance can lead to substantial savings. The allure of DIY financial management is strong, promising cost savings.
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