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Finance and GenAI: managing risks and adding value

Future CFO

Gerry Chng , Risk Advisory Executive Director at Deloitte Singapore , sees that one of the key uses of Generative AI is the ability to create synthetic data to augment existing data points in a more cost-effective manner, which in turn makes it easier to conduct financial modelling and risk analysis.

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Turning Currency Volatility Into A Global FX Strategy

PYMNTS

For instance, the appreciation of the Chinese RMB means that the same USD $10 million a company may send to a Chinese business every month results in less purchasing power and leverage. Even if a business only deals in USD, fluctuations of other currencies create risk.

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What is Financial Planning and Analysis (FP&A)?

Spreadym

These models help assess the potential outcomes of various financial decisions and aid in strategic planning, risk analysis, and sensitivity analysis. This enables management to take corrective actions, implement efficiency measures, and evaluate the success of initiatives.

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CFOs, Treasurers Are The One-Two Punch Against FX Risk

PYMNTS

The company pointed to “unintended speculation” or “mishedging” as two sources of non-obvious exposure to FX risk from within the enterprise. Deloitte noted that corporations are increasingly looking to alternative FX risk management solutions apart from derivative hedging. That means corporations with U.S. Corporate Alignment.

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For FI Account Openings, Serving The ‘Segment Of One’

PYMNTS

As Bajaj said, these tech-savvy upstarts have relatively less experience in navigating regulatory requirements at the national or even local levels, and they certainly have less experience in risk management. Bringing AI Into The Picture.