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Taking a strategic approach to AI adoption

Future CFO

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. Cloud-based financial systems have improved collaboration, making data more accessible while ensuring compliance with evolving regulations."

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The evolving banking landscape: insights for CFOs in Asia

Future CFO

"Regulators will need to do a fine balancing act on the one hand supporting innovation and on the other hand ensuring that customer protection and safety and soundness of the financial system is not compromised."

Banking 98
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Ethiopia: First Investment Banking Licenses Issued

Global Finance

Meanwhile, Wegagen Capital, affiliated with Wegagen Bank, officially enters as a private-sector player, following Wegagen Banks recent listing on the Ethiopian Securities Exchange (ESE)the countrys first stock market, expected to launch soon.

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Banks Need a Digital Strategy to Manage the $84 Trillion Generational Wealth Transfer

Global Finance

This “Great Wealth Transfer” will impact millions of people around the world and could potentially open up exciting opportunities to reshape our financial systems and redistribute wealth to support both people and our planet. This process should be digitally enabled and serve the needs of all generations.

Banking 105
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US Treasury Secretary Sees Libra As National Security Threat

PYMNTS

Treasury Secretary Steven Mnuchin believes that Facebook’s proposed cryptocurrency could pose as a national security threat. In a press conference on Monday (July 15), Mnuchin warned that Libra “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.”.

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Fostering FinTech-FI Trust With Data-Driven Security

PYMNTS

Partnering with FinTechs that have lax security creates very real issues: Criminals could abuse open banking-powered payment apps to launder money, for example, or take over accounts and steal victims’ funds. The federal entity is charged with monitoring the U.S. Even if your products are not covered per FinCEN in the U.S.,

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Managing Security Risks with Virtual Bookkeeping

CFO Share

But many fear remote bookkeeping exposes them to security risks – hackers, fraudsters, and embezzlement – especially if the virtual bookkeeping solutions use employees in foreign countries. Bookkeeping security risks are always a valid concern, especially since internal staff perpetrate 57% of small business fraud.