CFO News

APRIL 13, 2023

The core inflation was sticky and the crude oil prices were rearing head again after being benign for some time. Analysts were also surprised as the RBI did not follow in the footsteps of the US Federal Reserve, which chose to hike rates despite staring at a banking crisis following the bust of Silicon Valley Bank and Signature Bank.

Banking 98

Banking 98

Barry Ritholtz

JUNE 1, 2023

percentage point of recent core PCE inflation.” ” (emphasis added) Fascinating research from the San Francisco Federal Reserve Bank, pondering the impact of wage gains on inflation. The Fed Chair stated it “may be the most important category for understanding the future evolution of core inflation. How little?

Economics 121

Economics Banking Marketing 121

CFO News Room

DECEMBER 16, 2022

We don’t observe expected inflation directly, but one might use the previous month’s core inflation rate as a proxy. In November, core Consumer Price Index (CPI) inflation was around 2.43 percent and expected inflation (proxied by prior month core CPI inflation) was roughly 3.66 Adaptation and Central Banking. ”

Economics 130

Economics Finance Currencies Banking 130

PYMNTS

SEPTEMBER 16, 2020

To meet consumers where they want to bank — across mobile devices wherever they may be — financial institutions (FIs) must focus on re-tooling their core services in the digital age. In the digital banking world, the customer expects a ‘customer-centric’ experience across channels,” Caldeira told PYMNTS.

Banking 117

Banking Budgeting Leverage Technology 117

CFO News

APRIL 7, 2024

In the Indian corporate banking scene, Citigroup's global head of corporate banking Jason Rekate highlighted the prominence of companies in infrastructure, pharmaceuticals, and automobiles.

Pharmaceutical 40

Pharmaceutical Banking Marketing Investments 40

CFO News Room

JANUARY 16, 2023

Core CPI, excluding energy and food, is expected to be up 0.3% Core CPI rose 0.2% In the futures market, traders continued to bet the central bank will raise rates by just a quarter point at its next meeting. ” Shelter costs are 40% of core CPI. That compares to a gain of 0.1% in November, and a 7.1% for this year.

Forecasting 130

Forecasting Marketing Banking Investments 130

CFO News Room

JANUARY 2, 2023

Core inflation (which excludes volatile food and energy prices and is generally thought to be a more reliable predictor of future inflation) also remains high. Core PCEPI grew at a continuously compounding annual rate of 4.5 Fortunately, core inflation has declined considerably in recent months. percent over the period.

Economics 130

Economics Forecasting Finance Currencies 130

FISPAN

MAY 24, 2022

Joe Maxwell, Managing Director at FINTOP Capital sat down with Clayton Weir to discuss the currents of change in financial services, ERP movement to the cloud and how banks can enable digital transformation. Fitting with the If I Ran The Bank podcast theme, Joe is the first guest who actually does run a bank!

Compliance 98

Compliance CFO Banking Numbers 98

PYMNTS

JANUARY 19, 2021

This week’s look at the latest in bank-FinTech collaboration includes new partnerships in Australia, South Africa, India, Pakistan and across Europe, with many FIs bolstering the foundations of their SMB-serving infrastructures. National Australia Bank Chooses Eedenbull. TBI Bank Partners With NETOPIA Payments.

Banking 136

Banking Reconciliations Compliance Finance 136

PYMNTS

JULY 1, 2020

Is it surprising to know that 55 percent of legacy financial institutions (FIs) report lacking maturity in core systems? Or that, on average, 15 percent of an FI’s annual operating costs go toward maintaining core banking systems that are outmoded? It’s true, but not for long.

Banking 107

Banking Budgeting Technology Planning 107

CFO News

AUGUST 23, 2023

Reserve Bank of India Governor Shaktikanta Das stated that while core inflation in India remains elevated, the prices of vegetables could start to decrease next month as fresh crops arrive. Das also mentioned that the steady easing of core inflation indicates that the tight monetary policy is working.

Banking 52

Banking 52

CFO News

NOVEMBER 3, 2023

The penalty was imposed on Punjab National Bank due to several violations, including levying SMS charges on certain accounts despite maintaining invalid mobile numbers in the Core Banking Solution (CBS), not strictly adhering to the interest rates as per the pre-disclosed schedule in several term deposit accounts, and failing to specify the interest (..)

Banking 52

Banking Accounting Numbers 52

PYMNTS

APRIL 27, 2020

Banks do not always have the budgets or resources to craft cutting-edge online and mobile experiences, although they can no longer afford to put off digital transformations. The number of online banking customers is growing worldwide, and FIs’ consumers are coming to expect seamless digital experiences as a result.

Banking 99

Banking Budgeting Compliance Securities 99

PYMNTS

AUGUST 10, 2020

One main factor driving banks to develop faster and more convenient payments infrastructure is that greater numbers of consumers are demanding it. This is evident in the ways bank customers prefer to receive their salaries, payments from businesses or funds from other transactions. Customers Demand Faster And More Convenient Payments.

Banking 89

Banking B2C Accounting Investments 89

The Finance Weekly

JANUARY 14, 2024

In a corporate context, ,, cash includes bank accounts and easily convertible assets, such as government bonds. While we usually think of cash as money in hand, it can also refer to money in bank accounts, checks, or other forms that are easily accessible and can be quickly converted to physical cash.

Finance 52

Finance Investments Accounting Banking 52

CFO News Room

FEBRUARY 3, 2023

Indeed, core PCEPI inflation—which excludes volatile food and energy prices— remains elevated. But that’s, you know, around a quarter of the PCE Price Index—core PCE Price Index. Central Bank Independence and the Federal Reserve’s New Operating Regime.” Adaptation and Central Banking. ” Co-authored with Joshua R.

Economics 130

Economics Finance Currencies Banking 130

Future CFO

AUGUST 24, 2023

Core inflation remains sticky and well above central bank targets despite headline disinflation gaining pace in the US and eurozone in 2Q23, the credit rating agency pointed out. The post Core inflation, rising rates remain main credit risks appeared first on FutureCFO.

Credit Risk 52

Credit Risk Valuation Forecasting Banking 52

CFO News

JULY 17, 2023

Barclays remains among Adani's core relationship banks, and all such banks are safe in their investments and exposure to Adani companies, the conglomerate says. Some executives are scrutinising links with the company as a regulatory probe into the claims is due to end next month, according to unnamed sources.

Investments 52

Investments Banking 52

PYMNTS

NOVEMBER 5, 2020

Small business Banking-as-a-Service rises to the top in this week's roundup of the latest bank-FinTech collaborations and open banking initiatives. Two SMB BaaS companies secured new funding, while FinTech Wise says it is ushering in a new definition of open banking with its embedded banking functionality.

Banking 103

Banking Treasury Securities Startups 103

CFO News

OCTOBER 20, 2023

The Reserve Bank of India (RBI) is expected to keep repo rates unchanged for an extended period due to easing core inflation and high real interest rates. However, the frequent fluctuations in food prices may require the RBI to remain vigilant.

Investments 52

Investments Banking Marketing 52

CFO News Room

FEBRUARY 3, 2023

Despite the tough earnings report, Bank of America reiterated the stock as a buy , saying that they expect results in 2023 to be more encouraging. Deutsche Bank also downgraded shares of the automaker to a sell rating , citing the fourth-quarter miss and doubt over Ford’s 2023 revenue guidance. Ford – Ford Motor shared shed 7.6%

Forecasting 130

Forecasting Marketing Banking Sales 130

CFO News

OCTOBER 20, 2023

Governor Shaktikanta Das of the Reserve Bank of India (RBI) has highlighted the declining core inflation as a positive amidst volatile headline inflation. He also noted that risks to the inflation outlook come from uncertainties such as adverse weather events, global food and energy prices, and volatility in global financial markets.

Banking 52

Banking Marketing 52

CFO News

SEPTEMBER 5, 2023

To address credit risks, Rao said financial intermediaries should consider credit risk as a core element in their strategies. Other participants, including MDs and CEOs of banking establishments, believed that India's solid financial regulations would contribute to its global leadership.

Credit Risk 52

Credit Risk Leadership Banking 52

PYMNTS

MARCH 2, 2020

It’s really difficult, the banking ecosystem is not fast and that’s just reality,” Jim McCarthy, industry expert and former innovation head for Visa, told Karen Webster in a recent conversation. The top of the lineup is varied in many ways, in terms of size, focus and core demographics served. percent of IT-enabled banks.

Banking 88

Banking Budgeting Numbers Planning 88

Future CFO

SEPTEMBER 7, 2023

Central banks have been raising interest rates to curb prices, and that will gradually take effect over the coming months, the firm observed. In the US and eurozone especially, core inflation (excluding energy and food) has proved stickier than expected, the firm said.

Forecasting 97

Forecasting Economics Numbers Banking 97

PYMNTS

SEPTEMBER 23, 2019

Banks today recognize that they must embrace innovation to survive in a world being rapidly transformed by digital technology. In fact, just 22 percent of FIs believe they have access to both effective core payment processing and IT infrastructure, the two systems that form the backbone and nervous system of bank payment systems.

Banking 47

Banking Technology Leverage Securities 47

PYMNTS

MARCH 12, 2020

Open banking and bank-FinTech collaboration can be an effective way for financial institutions (FIs) to launch new digital products. Below, PYMNTS rounds up the latest tie-ups and data sharing efforts as institutions explore how open banking models might accelerate their modernization efforts.

Banking 77

Banking B2B Risk Management Finance 77

CFO Thought Leader

MARCH 12, 2024

Such was his destiny, though, as after a 5-year stint with the investment bank in London and New York he began to fill in his itinerary with positions in both the automotive and alcohol industries—most recently, as the CFO at DRINKS, a company at the forefront of e-commerce solutions in the beverage alcohol space.

CFO 52

CFO Finance Retail Leadership 52

Barry Ritholtz

MARCH 28, 2023

My Two-for-Tuesday morning train WFH reads: • The Fed’s anti-inflation work is almost done, with an assist from the banking crisis. My Two-for-Tuesday morning train WFH reads: • The Fed’s anti-inflation work is almost done, with an assist from the banking crisis. Irrelevant Investor ) • What’s eating Deutsche Bank? MSNBC ). •

Treasury 110

Treasury Banking Economics Marketing 110

PYMNTS

SEPTEMBER 25, 2019

Innovation can be a blanket term in the banking world. How much does IT infrastructure and confidence in core processing contribute to success? The latest Innovation Readiness Playbook surveyed more than 200 bank executives to reveal the role that core processing and IT infrastructure play in innovation performance and strategy.

Budgeting 68

Budgeting Compliance Banking Leverage 68

PYMNTS

OCTOBER 7, 2020

In Europe , as has been seen elsewhere, banks and other financial institutions (FIs) must grapple with payments modernization but are burdened by legacy systems and infrastructure. We’re also seeing existing standards such as EBICS — the Electronic Banking Internet Communication Standard — emerge across Europe,” he said.

Banking 91

Banking B2B Communication Numbers 91

CFO News

MARCH 21, 2023

Flagging concerns around sticky retail inflation, the RBI in its monthly bulletin said that the consumer price inflation in India remains high and the core inflation is continuing to defy the distinct softening of input costs.

Retail 52

Retail Economics Banking Marketing 52

CFO News

FEBRUARY 7, 2023

The Reserve Bank of India's rate-setting panel slowed the pace of interest-rate increases for a second straight meeting in February while allowing itself more room to tighten borrowing costs going ahead to rein in stubbornly high core inflation. Here is what the experts have to say on the decisions taken today

Banking 52

Banking 52

PYMNTS

AUGUST 10, 2020

These efforts include TCH’s efforts to connect financial institutions’ (FIs’) core banking systems to the company’s Real-Time Payments (RTP) network, along with what card networks and FinTechs are doing to enable real-time push payments to receiver bank accounts. Achieving ubiquity across the 12,000 or so FIs in the U.S.

Banking 138

Banking Economics Accounting Sales 138

CFO Share

NOVEMBER 15, 2023

Strengthen Your Core Offering to Elevate Sales Revenue Optimization: Your core offerings are the backbone of your business. Regular training for staff, updating equipment, or refining processes can ensure your core remains strong. Robust businesses often forego higher profits in exchange for strength and resilience.

Strategic Planning 52

Strategic Planning Risk Management Budgeting Planning 52

Future CFO

MAY 20, 2022

According to Gartner's 2021 Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large, and Global Enterprises , 30% of organizations will be utilizing consolidation capabilities within their cloud core financial management suites by 2023. It has an opportunity to play a vital role in driving transformation.

Finance 52

Finance Budgeting Banking Technology 52

PYMNTS

OCTOBER 1, 2020

The pandemic has exposed the pain points of all verticals when it comes to payments, and especially when it comes to transacting in person, in a tactile environment, with cash, and where banking conduits are limited. Banks have been inching into the space; cash still remains a hallmark.

B2B 108

B2B Banking Nonprofit Cash Management 108