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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. This means that while AI can significantly enhance security measures, it also amplifies the threats that CFOs must manage.
Several other barriers increased in financial reporting leaders’ considerations, however — including data security and privacy concerns (56% in 2024 compared to 32% in 2023), limited AI skills and talent (46% in 2024 compared to 40% in 2023), and gathering relevant and consistent data (44% in 2024 compared to 30% in 2023). TechTarget, Inc.s
CFOs, with their unique understanding of financial risk and strategic planning, must champion cybersecurity initiatives and weave them into the core of their business strategy. In this environment, CFOs must prioritise cybersecurity investments that deliver a tangible return on investment.
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.
Dan Philps, PhD, CFA, is the head of Rothko Investment Strategies, where he leads an AI-driven systematic equities investment business that has delivered strong, fundamentally-driven alpha for institutional investors since its inception in 2013. He is a CFA charterholder and a member of the CFA Society of the UK.
This proactive approach not only aids in financial riskmanagement but also equips businesses with the foresight needed to navigate uncertainties confidently. A Comprehensive Approach to Risk Mitigation Risk mitigation for businesses involves a holistic approach that encompasses both financial and operational aspects.
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.
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.
Fiduciary benefits include more aggressive cash-cushion management through real-time bank account forecasted end-of-day balances, which frees up cash for investment and reduces interest and/or fees. Enhanced visibility improves working capital management by optimizing payment timing and reducing bank account buffers.
In an increasingly complex, volatile global financial landscape, advanced technology and strategic partnerships are assuming a critical role for corporate treasurers looking to manage financial health, enable sophisticated riskmanagement, optimize operations, and gain data-driven insights.
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 securityrisks threaten to stall progress. Ultimately, upskilling must be an ongoing process, with finance leaders fostering a culture of continuous learning and adaptability."
Paula Leynes Felipe, Regional Manager, Upstream and Advisory, Eastern and Southern Africa, Financial Institutions Group, International Finance Corporation. She led the RiskManagement Practice Group in IFC Asia prior to her mangerial role in Africa. But were still sitting at the 3% levels. We need foreign savings.
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.
Moving from Static to Strategic Risk-adjusted forecasting is not just about stress testing your numbers. Its about rewiring how finance interacts with risk. They pull in riskmanagers, ops teams, sales leaders, and procurement to build a rounded, interconnected view. Not every risk deserves a forecast branch.
We are reengineering our processes by integrating advanced digital solutions, from automated cash management to robust API connectivity. So we automate manual processes and integrate systems to improve efficiency and riskmanagement. This allows us to offer customers the option to secure the best rate.
“APIs play a leading role in driving real-time connectivity between Standard Chartered and our clients across both traditional and digital assets,” says Margaret Harwood-Jones, global head of Financing and Securities Services. Its integration with other digital infrastructure aims to create an efficient financial ecosystem.
Learning to analyse financial data with a strategic lens, understanding broader business impacts, and identifying potential risks are essential skills for any future CFO. How do you balance your personal and professional life? Work-life balance varies greatly depending on one’s stage in life and family responsibilities.
AI has long been instrumental in data analysis, trend forecasting, automation, riskmanagement, and enhancement of customer service. Schmidt believes that if even large banks struggle with ROI on improvements, securing funding for “it-just-seems-better” projects, especially experimental ones, will be challenging.
AI’s measurable value The renewed focus on innovation is aligned with measurably increased investments in scaling AI and cloud capabilities that accelerate digital transformation – and brings positive change to customer and employee experiences. Data privacy and security remain the foremost challenges to AI and cloud adoption.
Her previous roles also include a four-year tenure as CFO for software development platform Anaconda, where she helped to secure over $250 million in capital, according to the release. Like most CFOs, Pierce is very “metrics-driven” when it comes to weighing where and in which projects or initiatives to invest, she said.
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.
Government-backed security: The SBA guarantees a portion of the loan, encouraging lenders to approve applications even for newer businesses. By taking advantage of these benefits, education centers can secure the necessary funding to cover startup costs, facility improvements, or staff training.
It ensures that businesses have enough cash to pay for daily expenses, manageinvestments, and protect themselves from financial risks. A good treasury manager: Ensure employees and suppliers are paid on time. Invest money wisely to earn profits without taking unnecessary risks.
The bank has also taken a proactive approach to riskmanagement by implementing NedCreditAnalysis, a tool that uses Gen AI to extract and analyze relevant information from financial documents for credit decisions in various products. Instead, they invested in individual companies or in funds targeting a broader index.
The global economy is transitioning to an era marked by higher growth, increased capital investment, and elevated interest rates. Frame: Its prompting them to adopt more agile and diversified investment strategies. Global Finance: What are high- and ultra-high-net-worth investors main concerns going into 2025?
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.
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.
As CFOs navigate this complex terrain and adapt their business processes, and decide how large a financial commitment to make to it, they must understand the implications for their financial models, riskmanagement practices, and overall business operations. CAGR to 2034. increase from last year.
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.
According to Wong, payments must now be seen as a conversion and revenue driver, which means ensuring that as many legitimate transactions as possible are successfully processed while being secure to protect revenue and foster consumer trust, and simultaneously ensuring that these security measures do not impact user experience.
For many CFOs, the early years were not about mergers, acquisitions or strategic investment portfolios. They were about working two jobs, managing scarce resources and learning, sometimes painfully, how money really works. In corporate circles, we tend to celebrate early financial security as the ideal starting point.
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.
From real-time cash visibility and automated receivables to seamless global payments and sophisticated riskmanagement tools, the industry is moving toward a more digital, data-driven, and strategically integrated treasury function. “Balancing speed with robust security is crucial. .
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.
Effectively managing DSO is not just about steady income but also about securing long-term monetary health, a priority as Asia's markets grow more complex and competitive. Such tailored approaches balance riskmanagement with customer retention, aligning fiscal needs with market realities.
Implementation Budget and Costs: The investment (budget and resources) for implementing AI in finance, including technology refreshment, change management towards best practices and training, can be challenging for businesses in APAC, especially for small and mid-market companies.
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.
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.
More specifically, our strategic investment in loan management and enhanced IFRS 9 systems led to a reduction in our loan loss ratio to 0.97% and non-performing loan ratio to 2.9% Secondly, the app provides access to apply for and manage unsecured digital micro loans, including Mshiko Fasta and Salary Advance.
Cyber-risks are a core vulnerability that your counterparts in Third Party RiskManagement (TPRM) and Supply Chain Management (SCM) are already tracking. In fact, 60% of SMBs go out of business after a security breach. The fact that cyberattacks can kill SMBs should be a major credit risk consideration and concern.
This momentum is underpinned by a new generation of financial infrastructure that enables seamless, secure, and scalable international operations. CFOs, once focused primarily on risk mitigation and cost control, are now central architects of growth strategy—empowered by technologies that automate complexity and unlock new markets.
The corporate FX market is undergoing a transformation driven by technological advancements that enhance efficiency, improve riskmanagement, and democratize access for businesses of all sizes, says Luis Martins, head of Global Macro at BBVA. Still, they need to consider factors like stability and ease of trading before using them.
Ready to secure your financial future? Investing in Financial Planning for Expansion Work with financial experts to create a comprehensive financial plan that supports your growth objectives. This plan should include cash flow projections, budgeting, and riskmanagement strategies.
He currently serves as Director of the new Financial Planning and Wealth Management major at George Mason and founded the first student-managedinvestment fund at GMU. She is currently interning in the quantitative finance department of a securities company in China, focusing on quantitative strategy and stock picking analysis.
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