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However, for most organisations, it is still early days and much needs to be learned and discovered about AI for users and leaders to fully grasp the impact of the technology. This means that while AI can significantly enhance security measures, it also amplifies the threats that CFOs must manage.
The Key to Effective RiskManagement in Business with Chris Weeks, CFO Center UK In the latest CFO Club podcast, we had the pleasure of hosting Chris Weeks from CFO Center UK. Chris shared invaluable insights into effective riskmanagement strategies and how businesses can better prepare for uncertainty.
Regulatory demands : Rising regulatory requirements, particularly in AML and cybersecurity, necessitate that banks prioritise IT investments, directly influencing CFOs financial planning and riskmanagement. CFOs should leverage sustainability-linked loans tied to Key Performance Indicators (KPIs) to secure favourable financing terms.
Fusion RiskManagement is expanding its corporate riskmanagement software offering by integrating new functionality into the tool, the company said in a press release on Monday (Sept. He added, “Fragmented programs that rely on legacy tools bear hidden costs and risks.”.
As businesses navigate their way around various technological advancements, finance teams are faced with the task to integrate analytics and automation into their existing processes, determining at the same time which specific system to transform first for maximum operational impact.
New technologies promise vast increases in growth and efficiency. Disruptive technologies are not only reshaping the business landscape, but forcing CFOs to rapidly evolve their strategies and embrace innovation. Meanwhile, DLT is increasing the transparency of supply chains and adding another level of information security.
Treasury operations in Asia, particularly Southeast Asia, in 2025 and 2026 are navigating a complex and evolving landscape shaped by economic, geopolitical, and technological forces. Companies increasingly adopt digital tools to improve cash flow forecasting, automate reconciliation, and manage liquidity more effectively," he adds.
GF : Where does technology and innovation have the biggest impact within finance? Our technology, products, and processes facilitate access to trade finance, which is key to facilitating trade flows. With big data and AI, we are optimizing key processes, automating compliance checks, and enhancing riskmanagement.
19) that it has inked a partnership deal with Feedzai, an artificial intelligence (AI) developer for real-time riskmanagement across banking and commerce. Our strategic partnership with Feedzai demonstrates our deep commitment to using technology to drive innovation.
million patients may have been exposed, all thanks to a data breach at one of its vendors, healthcare technology provider AccuDoc Solutions. Risk mitigation isn’t a new concept, Simkins noted, but today’s organizations are often unfamiliar with the correct strategies they need to deploy when mitigating third-party cyber risk. .
Investment in our technology and architecture remains our key priority as we endeavor to meet our clients complex needs through simple, elegant solutions. Morgan , which takes home both the Best Execution Algorithms and the Best DeFi Crypto FX Platform awards, employs innovative technologies to execute trades efficiently and effectively.
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.
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.
The findings come as artificial intelligence (AI) is emerging as a crucial technology for banks, and demand for the technology is expected to become fierce. Data, security, and compliance are what hold banks back Data privacy and security remain the foremost challenges to AI and cloud adoption.
When it comes to third-party riskmanagement, organisations are redefining their approaches, with a focus on talent and strengthening the role of executive leadership on third-party riskmanagement teams, said Deloitte recently when releasing results of a survey.
This article was co-authored by Mike Wilfley , vcfo Chief Operating Officer and Executive Vice President, and Shane Gronniger, CEO for GCS Technologies. Ensuring IT Security in Small- to Medium-Sized Businesses. Establishing a Security Baseline. Planning and Prioritizing IT Security Improvement.
Secure Your Financial Future with Tailored CFO Solutions and explore how strategic approaches can help you navigate these turbulent times and bolster your businesss resilience. Establishing clear payment terms, offering early payment incentives, and utilizing innovative technology to streamline invoicing are crucial measures.
With more C-suite, investor and board-level focus on AI and bigger budgets supporting the efforts, technology leaders are under pressure to get the formula right, from picking a scalable, beneficial use case to tracking its success post-deployment. The company wanted to democratize generative AI access without sacrificing security.
That is why it is only customary that chief finance officers and finance leaders have mastered how to get around risks, handling the evolving landscape of fraud and payments to always be prepared amid emerging technologies and shifting regulatory demands. Today, this approach is bolstered by AI and machine learning.
This issue hampers forecasting accuracy, riskmanagement, and resource allocation. Without accurate insights, businesses struggle with forecasting, riskmanagement, and resource allocation. ManageRisk and Uncertainty Identifying risks early helps businesses prevent financial losses and adjust strategies effectively.
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. One of the main challenges in securing cybersecurity investments lies in the nature of cybersecurity itself. Brett Tighe "So, I look at it in terms of ROI.
In the exhilarating realm of technology startups, ambitious entrepreneurs and CEOs are on a relentless quest for rapid expansion. This foundational integration supports Scaling Business RiskManagement, allowing systems and processes to evolve seamlessly as the company grows.
At a time when our nation’s secrets at the NSA and Homeland Security and assets at the Department of the Treasury were able to be illicitly tapped into by foreign hackers, the security and reliability of countless other online industries and enterprises have also been brought into question.
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. With over 2.4 iibCV launched a digital platform that allows customers to open accounts online.
Morgan US Private Bank, discusses navigating rising rates, global tensions, and technological transformation. As a result, private banks are emphasizing the importance of geographic diversification, riskmanagement, and tactical asset allocation to navigate these challenges. David Frame, CEO of J.P. Frame: Its crucial.
However, challenges such as data security concerns, the need for specialised AI talent, and cultural adaptation to AI-driven decision-making processes may require careful navigation. For example, AI automates riskmanagement and cash forecasting processes using machine learning to generate more accurate and timely predictions,” he elaborates.
While these challenges remain, firms must also assess and managerisks related to human rights, war, economic turmoil, foreign exchange volatility, cyberattacks and the implications of noncompliance. Today, supply chain and supplier riskmanagement is a beast.
Now four months in, he told Webster that the idea of a secure and trusted payments ecosystem is part of Visa’s “corporate DNA.” Regardless of the product or initiative, every conversation starts and ends with a single overriding question: “Is it secure?”. When RiskManagement Is a Mindset and Not a Business Unit.
Other benefits, the release says, include extended pre-approvals for card spend, better security when paying with virtual card technology and using the card payment cycle to better management working capital for buyers. customers to thrive in this challenging environment by empowering them to pay using virtual Card technology.
They are now using technology as a lever to reduce costs and innovate. 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. For the technology to be most effective, it requires a strong data foundation.
Financial Institutions (FIs) that adopt open banking allow third parties like FinTechs to integrate with their application programming interfaces (APIs) to provide personalized financial management and payment apps that draw on bank customers’ data. The federal entity is charged with monitoring the U.S. How To Quickly Fight KYC Fraud.
In navigating the current world that is ever-changing, evolving constantly with various technological advancements that almost always force their way in to day-to-day routines of organisations, it is a no-brainer that the Finance function has shifted its focus on artificial intelligence for some time now.
Our investments in advanced digital banking solutions, automation, and cutting-edge analytics equip us to offer seamless, secure, and scalable financial services. Reforms aimed at enhancing entrepreneurship and innovation also create new opportunities for NBK to expand our retail and wealth management services.
. “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. Pegasystems’ Pega technology connected the Estate Care Center with the bank’s other computer systems.
Managing telecom expenses can be a daunting task, especially with companies working with multiple vendors, services, and technologies. Numerous organizations need more technical expertise or resources to efficiently oversee their telecommunication services, especially with the rapid technological advancements.
Technological Disruption : The emergence of new technologies, including generative AI, requires banks to adapt quickly. Banks invest heavily in technology to enhance user experience and streamline processes through artificial intelligence, machine learning, and blockchain.
The report, AI at a crossroads: building trust as the path to scale , seeks to shed light for business leaders regarding the development of effective AI governance as they traverse the road of technological advancements. That is why it is important that the Finance function is ahead of its way in dealing with all possible outcomes.
Proactively managingsecurityrisks has its own advantages, especially considering the fast pace of digital transformation around the world. Organisations keep up with the changes and finance leaders lean on measures to mitigate any potential risk.
There are nine security trends that CFOs need to be aware when working with CISOs and security and riskmanagement leaders. According to Gartner , enterprises must rethink their balance of investments across technology and human-centric elements in cybersecurity programmes. “A
Wenov’s WeLab experiments with emerging technologies. In 2024, Wenov purchased more than $750,000 of these technologies. Currently, lab activities focus on the adoption of cutting-edge technologies in fields such as the metaverse, mixed reality, decentralized finance, and AI. The lab has focused heavily on AI and automation.
Finance leaders now are faced with the task of identifying and mitigating ESG-related risks, allocating resources towards sustainability initiatives and communicating the organisation's ESG performance to stakeholders. Another trend is the growing focus on supply chain transparency and Scope 3 emissions reporting," Soh points out. "As
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.
Undoubtedly, government support, a conducive policy framework, and budgetary incentives linked to investments in agriculture are key to reinvigorating the sector and making Indian agriculture globally competitive, especially with the emphasis on agri-technologies and digital transformation.
In the evolving financial landscape of Asia, managing Days Sales Outstanding (DSO) has become a critical focus for finance leaders aiming to optimise cash flow and sustain business growth. Such tailored approaches balance riskmanagement with customer retention, aligning fiscal needs with market realities.
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