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The dual nature of AI in riskmanagement AI is heralded as one of the most significant innovations of our time, offering both immense potential benefits and considerable risks. Therefore, CFOs must ensure that their organisations are equipped with AI-driven cybersecurity solutions to mitigate risks effectively."
But as time goes on, companies are going to continue to invest in technology, as well as in AI governance, security, and riskmanagement. While they won’t eliminate all security incidents, they will be able to get their riskmanagement controls to a place where they protect themselves to the fullest extent possible.”
At the FutureCFO Conference series, organised by Cxociety, finance leaders in Indonesia, Malaysia, Singapore, the Philippines and Thailand ranked automation and degitalisation (80%), investing in talent and employee development (58%) and continuous innovation (47%) as the top three strategies most important to sustainable growth in 2024.
Regulatory demands : Rising regulatory requirements, particularly in AML and cybersecurity, necessitate that banks prioritise IT investments, directly influencing CFOs financial planning and riskmanagement. Building a culture of continuous learning and establishing a dynamic riskmanagement model will be critical.
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?"
This includes promoting green finance, investments in climate resilience, and financial inclusion to support small to midsized enterprises, women, and youth entrepreneurship. Their engagement in trade finance, cross-border investments, and remittance flows has strengthened economic ties between the Arab world and global markets.
Benjamin Soh, founder and managing director at Singapore-based ESG data and technology company ESGpedia , believes finance leaders are well-positioned to drive both sustainable growth and cost efficiency, given their oversight of financial strategy, riskmanagement, and capital allocation.
This issue hampers forecasting accuracy, riskmanagement, and resource allocation. Without accurate insights, businesses struggle with forecasting, riskmanagement, and resource allocation. For example, if customer retention impacts profitability, companies can invest in loyalty programs or customer service improvements.
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 riskmanagement.
New research from global data and cloud solutions company Hitachi Vantara found that while Asia is outpacing the world in AI adoption, poor data quality and security risks threaten to stall progress. Collaboration between finance and IT teams is vital in maintaining compliance with regulatory standards and data security protocols," he adds.
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.
Organisations that effectively harness these innovations expect to see marked efficiency improvements, facilitate more rapid adherence to evolving compliance regulations , and remain competitive in a fast-evolving market. How should CFOs evaluate ongoing investment strategies around AI?
As the role of the finance leader evolves beyond compliance and control, strategic decision-making increasingly relies on the intelligent use of data. Whether it’s expansion into a new market, investment in digital infrastructure, or rationalising product lines, information is the common currency that enables sound judgement.
To succeed, treasury leaders must enhance riskmanagement, optimise capital structures, and develop talent with new skills to sustain resilience and seize growth prospects. Kamra highlights fintech innovations that enable real-time payments, automated reconciliation, and predictive analytics for dynamic riskmanagement.
This is forcing finance leaders to integrate ESG considerations into their financial planning, reporting, and investment decisions. They should also invest in developing their soft skills , such as communication, leadership, and decision-making.
Another innovation is CashPro Capital Markets Insights, which is the first integrated capital markets experience available in a treasury mobile app, offering access to investment-grade secondary bond pricing alongside treasury information. V1 generates reports for banks and third parties, helping to calculate risk-weighted assets.
Each step has enriched my experience, solidified my commitment to public sector finance, and prepared me for ongoing contributions to governance and skills development. When you’re young, focus on deeply understanding the core accounting principles, financial reporting, and regulatory compliance.
Enhancing Internal Controls and RiskManagement A scandal often reveals weaknesses in internal controls. Whether the issue arose from fraud, compliance failures, or governance lapses, the CFO must ensure that the riskmanagement framework is upgraded.
The alternative investment industry is facing rapid transformation. Fund managers contend with increasing regulatory requirements, mounting investor expectations, and the complexities of managing multi-asset class portfolios. The Benefits of Co-Sourcing for Fund Managers 1.
Technology investments like APIs and the ability to collaborate closely with key fintechs help us with the much-needed digitization of trade finance and to future-proof our trade finance systems. With big data and AI, we are optimizing key processes, automating compliance checks, and enhancing riskmanagement.
Investments are focused on scaling AI and cloud capabilities, accelerating digital transformation to enhance customer and employee experiences, and positioning for long-term competitiveness. Data, security, and compliance are what hold banks back Data privacy and security remain the foremost challenges to AI and cloud adoption.
Regulatory Demands : Banks must prioritise IT investments amidst growing regulatory requirements, particularly in anti-money laundering (AML) and cybersecurity. Banks invest heavily in technology to enhance user experience and streamline processes through artificial intelligence, machine learning, and blockchain.
ESG worksby providing a framework for evaluating how companies manage their environmental and social impacts, and investors often seek companies that align with their values, especially regarding ethical practices. FinDep says understanding these regulations is crucial for compliance and success in the market.
He adds that cloud-based solutions, seamless integrations, and AI-powered features are commonplace, enabling organisations to manage processes and adapt to the ever-changing business landscape dynamically. According to Kumar, data integration and governance are, therefore, priorities for the finance function.
Our investments in advanced digital banking solutions, automation, and cutting-edge analytics equip us to offer seamless, secure, and scalable financial services. Moreover, our investments in fintech, e-commerce, and smart infrastructure are unlocking opportunities across industries.
An advanced analytics tool such as this can help users gain deeper insights into market trends and make better-informed investment decisions. Investment in our technology and architecture remains our key priority as we endeavor to meet our clients complex needs through simple, elegant solutions.
Attending were 18 startups, 31 FIs, and representatives of government regulatory bodies, technology-solutions providers, and consulting and investment firms. It partners primarily with startups in Series A and Series B rounds of investments—those that have already demonstrated strong market traction and a market fit for their products.
According to S&P Global Ratings, operational costs for European banks increased by over 4% annually from 2021 to 2023 , emphasizing the need for effective cost management strategies. To optimize costs, banks are reducing the number of applications and investing in technology that enhances customer experiences while maintaining efficiency.
He advocates for dynamic adjustment of payment terms based on these insights: "When they have visibility of these insights, Businesses might implement shorter payment periods for higher-risk customers or offer extended terms to reliable clients with strong credit histories."
The regulatory dimension adds layers of compliance requirements, making AI implementation more cautious and deliberate. Murtaza Rangwala “Given the high-value nature of our decisions, particularly around riskmanagement and capital allocation, the precision and reliability of outputs from FP&A systems are absolutely critical."
Strategic Thinking Begins at Ground Level CFOs are expected to contribute to strategic decisions, from capital investment and resource planning to riskmanagement and growth strategy. A Sharper Sense of Risk Operations involve risk. This risk awareness is a major asset in executive decision-making.
However, with this growth comes the critical task of maintaining legal and financial compliance. For those daring enough to embark on this journey, mastering Entrepreneurial Compliance Strategies is not just a necessityit’s a catalyst for sustainable growth and success.
E-invoicing mandate and ESG compliance add further complexity dimensions to the priorities and challenges faced by the Office of the CFO. Office of the CFO must navigate these varying regulations and ensure that AI solutions comply with local laws to avoid non-compliance and potential penalties.
While home sales and consumer spending have slowed since pandemic-related restrictions ended in early 2023, banks have been busy brainstorming, designing, and introducing clever business strategies, investment paths, and customer services to support and reinvigorate their sector.
RiskManagement: Understanding and managing financial risks is a critical aspect of a CFO’s role. Newly qualified accountants should familiarize themselves with risk assessment frameworks and compliance regulations. The ability to present data clearly and persuasively is essential.
Cyber-risks are a core vulnerability that your counterparts in Third Party RiskManagement (TPRM) and Supply Chain Management (SCM) are already tracking. What compliance standards do they meet? You should do the same. Cyberattacks are being perpetrated on customers of all sizes and industries.
We invest in optimizing processes and leveraging advanced technologies like AI to improve efficiency. The offering also includes automated counterparty onboarding, transaction processing, and riskmanagement. Global Finance: How does Finastra stay ahead of the curve in trade finance innovation? For instance, Finastras Assist.AI
Frank Tezzi: Banks face complex headwinds in the current climate, including heightened customer and compliance expectations, rising IT and operational costs, reduced budgets, and evolving product needs. GF: What impact has Basel III had on trade finance and how banks adjust their riskmanagement practices?
billion in revenue last year from investing US Dollar Coin, or USDC, reserves. Compliance would never approve it.” The implications extend far beyond banking: any company with robust compliance infrastructure, from payment processors to corporate treasuries, can now integrate digital assets without regulatory pre-approval.
And in March, Fidelity Investments, one of the worlds largest asset managers, was reported to be in advanced testing of its own stablecoin. Institutional interest extends to other regions as well, he adds; Abu Dhabis Sovereign Wealth Fund has invested more than $450 million in IBIT.
ET Unlocking Business Value Through CBAM Compliance Presented by studioID and SAP 26 JUN Webinar | 2 p.m. ET Risky Business: Navigating Policy and Compliance Turbulence Presented by ESG Dive and CFO Dive 17 JUL Webinar | 2 p.m. You can unsubscribe at anytime. Most Popular Intel alum to get $1.9M Registered in England and Wales.
Warren called out President Donald Trump personally for his myriad dealings in the crypto industry, including issuing his own memecoin, having a portfolio of crypto investments, and (for his sons) owning a bitcoin mining company. You can unsubscribe at anytime. But it’s not illegal either. Registered in England and Wales. TechTarget, Inc.s
Tariffs, supply chain shifts, and trade digitalization demand adaptability, riskmanagement, and banking partnerships. To mitigate the impact of tariff wars, businesses must carefully assess their trade risks, diversify their supply chains, and explore alternative markets.
Downgrades to consumer spending, residential investment, government consumption expenditures and a larger trade deficit (net exports) drove the downward revision of the median forecasts,” NABE said. ET Unlocking Business Value Through CBAM Compliance Presented by studioID and SAP 26 JUN Webinar | 2 p.m. You can unsubscribe at anytime.
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