Thu.Jun 06, 2024

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Most Innovative Banks Globally 2024

Global Finance

Citibanamex In 2023, Citibanamex released several outstanding consumer banking innovations to improve user experience (UX). These include micro animations, messages, and its new user login splash page on its financial app. “Our innovative mobile dashboard leverages cutting-edge UX techniques, including animated cards that dynamically display crucial information such as account balances, investment fund earnings through animated charts, and personalized offers enhanced with custom animations,” sa

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Chemours appoints new CFO after accounting probe

CFO Dive

The appointment comes after the chemical company discovered that three of its top executives, including its then-CFO, engaged in unethical financial practices.

CFO 280
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Trending Sources

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Alternative Financing Comes Of Age

Global Finance

Fintech is fueling a boom in innovation, offering CFOs an array of new ways to access capital. For years, alternative financing models have been changing the way companies access cash. Now, fintech is offering innovations, from subscription and fee-based online lending marketplaces to blockchain, that are changing the alternative financing landscape itself.

Finance 124
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Toast CFO aims to build ‘enduring’ company on path to profitability

CFO Dive

Three years after Toast went public, thinking strategically about building a team for the future was one of her most important early priorities, said CFO Elena Gomez.

CFO 241
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How to Navigate Revenue and Expense Management: Competitive Insights for Financial Success

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

In the fast-paced world of corporate finance, staying ahead of the curve is crucial for sustainable growth and profitability. This exclusive webinar with leading expert Hilary Akhaabi, PhD, will teach you practical ways to navigate complex financial landscapes and enhance your company's revenue management capabilities. Whether you're aiming to refine your financial strategies or seeking innovative solutions to drive performance, this new session is for you!

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Ghana Adopts Blockchain To Stem Fraud

Global Finance

Ghana reached a $3 billion loan agreement with the International Monetary Fund (IMF) last year. Now, it will become the first African country to reduce public corruption via adopting blockchain technology for all government procedures. “We are going to adopt blockchain technology to ensure that all data and transactions in the government space are transparent and tamper-proof,” said Vice President Mahamudu Bawumia at the May 14th Commonwealth Regional Conference and Annual General Meeting of Hea

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The Role of a CFO in Financial Risk Management

CFO Share

The Role of a CFO in Financial Risk Management Managing financial risks is crucial to ensuring long-term business success. However, small business entrepreneurs are particularly ill-suited for risk management: optimistic, energetic, and abstract. This is where a Chief Financial Officer (CFO) becomes indispensable: disciplined, deliberative, and concrete.

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Corporations Offshoring Office Hubs From US To Southeast Asia

Global Finance

Singapore is the biggest beneficiary of the post-pandemic trend of US employees abandoning in-office work. Will the shift to Southeast Asia continue? General Electric announced in April that it was selling, the New York property where Jack Welch once held forth to his acolytes at the company’s fabled management academy, for $22 million. The same month, Apple went public with plans for a $250 million expansion of its Singapore regional hub, adding that it was considering increasing its manufactur

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Building strong relationships across your organization: key strategies for finance leaders

Cube Software

Why is relationship-building important for finance leaders? As finance leaders, we often get caught up in the numbers, analyses, and reports. While those things are certainly important, the real magic happens when we step out from behind our desks and start building relationships across the organization.

Finance 52
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Driven By Data: Q&A With ING’s Chief Analytics Officer Bahadir Yilmaz

Global Finance

Bahadir Yilmaz, ING’s chief analytics officer, explains how the Dutch bank is harnessing AI’s power and what this means for ING and its customers. Global Finance: How will artificial intelligence (AI) influence banking of the future? Bahadir Yilmaz: AI enables faster and smarter decision-making in a personalized fashion, using much bigger datasets than ever before.

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How To Streamline Finance Operations Through Automation

Speaker: Claire Grosjean

In today’s fast-paced business environment, finance professionals are under increasing pressure to optimize operations and drive strategic value. As a result, automation has become a core part of business strategy, offering unprecedented opportunities to streamline operations and drive efficiency. Join esteemed global finance and operations executive, Claire Grosjean, for a comprehensive guide on how to harness automation’s power through strategic collaboration with functional leaders.

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ION XTP Execution wins “Best Sell-Side OMS” at TradingTech Insight Awards – USA 2024

Reval

LONDON – 07 JUNE 2024: ION, a global leader in trading and workflow. The post ION XTP Execution wins “Best Sell-Side OMS” at TradingTech Insight Awards – USA 2024 appeared first on ION.

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Most Innovative Financial Technology Companies 2024

Global Finance

Africa And Middle East MNT-Halan MNT-Halan developed innovative technology that provides a digital solution for unbanked populations. The resulting products have driven digital engagement, customer retention and market share. The company’s Halan superapp offers remote access to consumers for the entire Halan product and service ecosystem, including small- and micro-business lending, payments, investment products, e-commerce, and consumer finance solutions like savings and buy-now-pay-later produ

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Modi 3.0: Economy and jobs

CFO News

Well, while the world is waiting for PM Narendra Modi’s 100-day plan, new ministers and Cabinet formation after the NDA staked claim to form the government. I want to draw your attention to something very important – the issues Modi 3.0 should focus on.

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Investing In Innovation: Q&A With BTG Pactual’s André Portilho And Rafaella Dortas

Global Finance

Global Finance spoke with André Portilho, head of digital assets at BTG Pactual, and Rafaella Dortas, executive director and head of BTG Pactual’s ESG team, about how the bank incorporates technology into its strategies. Global Finance: What drives the innovation that you’re building into your business? André Portilho: Innovation is essential tool for the continual evolution of products, processes and services to meet current and future market demands.

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Empowering Business Travel: The CFOs Guide

Business travel is more than just a line item. It’s a strategic opportunity to align with your company’s goals and empower your employees. With 60% of employees dissatisfied with the ease of booking and modifying travel plans, there’s a significant opportunity to improve travel management. This one-pager explores how to transform travel into a powerful tool for organizational success.

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RBI Monetary Policy Committee keeps repo rate unchanged at 6.5%, raises GDP forecast to 7.2% and sets inflation at 4.5% for FY25

CFO News

This marks the eighth consecutive time that the MPC has maintained the policy repo rate at 6.50 per cent. The last adjustment to this rate, when it was increased from 6.25 per cent to 6.50 per cent, occurred on February 8, 2023.

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Building Trust: Q&A With BBVA’s Clara Higuera

Global Finance

Clara Higuera, lead data scientist and project manager on BBVA’s new predictive models for debt mitigation, speaks to Global Finance about the key steps to AI innovation. Global Finance: BBVA recently introduced a machine learning (ML) pipeline for early debt recovery. What problem does this innovation solve? Clara Higuera: When clients start facing difficulties in repaying loans, this is a double problem—for the customer and for the bank.

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Modi 3.0 may shift focus from development to welfare, with employment as top priority

CFO News

BJP's third term under Modi brings unexpected challenges, prompting potential shifts towards welfare policies and a renewed emphasis on employment, amid coalition governance.

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Innovation And Freelancing

Global Finance

VOL. 38 NO. 6 Is there a link between freelancing or outsourcing and the world of innovation? This question came to mind after reviewing the two key topics in this month’s issue. And the answer is definitively “Yes.” Freelancing and talent outsourcing—the topic of this month’s cover story —are growing, becoming increasingly global, affecting different sectors, occupations, and ranks.

Finance 52
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Top 3 Secrets to Staying Relevant with Gen Z

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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Pharma industry raises concerns over new Schedule M's impact on cosmetic manufacturing

CFO News

The Federation of Pharma Enterprises (FoPE) that represents medium and small-scale enterprises has written to the health ministry citing that setting up a new plant exclusively for cosmetic manufacturing is financially not viable.

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Regional Most Innovative Banks 2024

Global Finance

Africa Nedbank Mozambique Nedbank Mozambique reinvented how it services customers with its client-oriented structure for the brand, people, branches, processes and systems. This strategy has been the pillar of Nedbank Mozambique’s success, growth and unique positioning in the market. Among the arrows in the bank’s quiver is NedSnap, a robotic process automation (RPA) platform that supports Nedbank’s employees by facilitating more-effective communication and timely results.

Banking 52
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RBI maintains interest rates amid growing calls for easier money policy

CFO News

The Reserve Bank of India (RBI) kept interest rates unchanged in its eighth consecutive meeting, with some members leaning towards easing monetary policy due to concerns about rising food prices. The central bank raised its FY25 growth forecast by 20 basis points to 7.2%, leading to a surge in equity indices. Inflation remains a concern due to global commodity price increases and potential food price spikes.

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6 questions for the 'perfect' Finance function

Future CFO

Chief financial officers nowadays navigate a difficult “deadweight” economy, according to Gartner, Inc. , characterised by tepid demand growth, stubbornly high costs and constrained access to capital. The majority of CFOs are reacting by prioritising improvements to the finance function’s strategy and design. Geraldine Garaud , senior director analyst at Gartner, enumerated how six questions can help that process.

Finance 40
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Breaking New Ground: Managing Innovation Fatigue With Effective Automation

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

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Deal activity dips 3 pc to USD 5 bn in May

CFO News

Deal activity in May dropped by 3% to $5.023 billion. Mergers and acquisitions fell by 58%, but private equity deals rose by 49%. Largest deals include Google's $350 million investment in Flipkart and Manipal Health's majority acquisition of Medica Synergie.

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Thanks, Joe! Updating Brandon’s Restaurants

Barry Ritholtz

I spend a lot of time debunking investment-related b t. Given the general innumeracy of the public, it’s easy for a dishonest publisher of economic data to create narratives that are not only false and misleading but effective at confusing the public. Typically, it takes years before sufficient data amasses to prove how wrong these people were.

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From Sheikh Hasina to Wickremesingh: Check full list of global leaders that will attend Modi's oath ceremony

CFO News

Narendra Modi Oath Ceremony: The people cited above said top leaders of Bangladesh, Sri Lanka, Bhutan, Nepal and Mauritius are likely to be among the foreign leaders to be invited for Modi's oath-taking ceremony. The media division of Sri Lankan President Ranil Wickremesinghe's office said Modi invited him to the swearing-in ceremony. It said Wickremesinghe accepted the invite.

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Best Financial Innovations 2024

Global Finance

Technology advances bring the high-touch experience to more clients, large and small. While geopolitical tensions, rising oil prices and financial stress are being felt globally, financial institutions understand that innovation during tough times isn’t just about survival but about positioning for future success. Challenges often reveal new problems to solve, demanding increased focus on finding innovative ways to improve efficiencies.

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.