PYMNTS

OCTOBER 7, 2020

Federal banking regulators have fined Citigroup $400 million, ordering the third-largest U.S. bank to fix the "significant ongoing deficiencies" in its risk management systems, The Wall Street Journal (WSJ) reported. According to WSJ, the bank failed at data management, regulatory reporting and capital planning.

Risk Management 92

Risk Management Banking Planning 92

Global Finance

MARCH 20, 2025

Cost transformation forces banks to innovate European banks are navigating a complex landscape characterized by economic headwinds and cost pressures. This will lead banks to tighten their operational efficiencies. Historically, banks have faced high-cost pressures exacerbated by their legacy systems.

Banking 59

Banking Compliance Technology Sales 59

Global Finance

DECEMBER 6, 2024

Private banks benefit from a demographic shift. Private banking in the Middle East continues to thrive, outpacing most other global regions; and the prospects remain positive in dedicated banking and wealth management despite increased geopolitical risk in the area.

Banking 52

Banking Concentration Investments Risk Management 52

Future CFO

DECEMBER 11, 2024

The banking sector has been known for its resilience and adaptability and must continue to innovate to thrive. With 2025 just around the corner, several key trends are reshaping the banking and financial services landscape. Banking executives must navigate a complex environment filled with challenges and opportunities.

Banking 52

Banking Risk Management Compliance Investments 52

Global Finance

NOVEMBER 14, 2024

With over 100 active AI applications in production, the bank achieved an explosive 150% increase in AI usage year-over-year. CTBC aims to leverage both GenAI and traditional AI to enhance its personalized banking experience and seamlessly deliver next-gen banking services.

Banking 52

Banking Leverage Risk Management Technology 52

Simply Treasury

AUGUST 3, 2022

Automated bank connectivity through a single secure channel has become essential to reduce costs, facilitate on-boarding by banks, secure transactions, speed up and automate reconciliations and reduce staff workload. A “Bank Single Gateway” is no longer a "plus", but a "must" that every fund servicer or fund should have.

Banking 147

Banking Reconciliations Treasury Securities 147

Global Finance

DECEMBER 26, 2024

Modular systems and automation are revolutionizing FX risk management, enhancing visibility, agility, and adaptability. With FX risk management, adaptability is critical because every company has its own risk profile shaped by its market, currencies, and business model. Connectivity goes beyond data aggregation.

Treasury 59

Treasury Risk Management Currencies SAP 59

Global Finance

DECEMBER 6, 2024

Private banks benefit from a demographic shift. Private banking in the Middle East continues to thrive, outpacing most other global regions; and the prospects remain positive in dedicated banking and wealth management despite increased geopolitical risk in the area.

Banking 52

Banking Concentration Investments Risk Management 52

Future CFO

OCTOBER 29, 2023

The banking industry has been facing tremendous challenges especially following the COVID-19 pandemic situation as extreme volatility remains in the market. Considering this, financial planning and analysis (FP&A) has been proven to become useful for effective strategy management and risk mitigation.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Risk Management Banking Accounting Standards 52

CFO News

MARCH 14, 2023

How did the risk management committee at the US bank not see the collapse coming, wonder Indian experts while also questioning the role of the auditors.

Banking 105

Banking Risk Management 105

Global Finance

DECEMBER 6, 2024

Morgan US Private Bank, discusses navigating rising rates, global tensions, and technological transformation. GF : In what ways do you see the evolving geopolitical landscape affecting private banks strategies worldwide? GF: How can private banks maintain their intimate service offering while scaling globally?

Banking 52

Banking Communication Strategic Planning Leverage 52

Global Finance

JULY 29, 2024

The Nordic financial sector is witnessing unprecedented bank-sector consolidation and fintech partnership-building activity. The heightened level of regional consolidation, especially among Danish and Norwegian savings banks, has produced more than 50 mergers and acquisitions (M&As) in the first half of 2024.

Mergers and Acquisitions (M&A) 105

Mergers and Acquisitions (M&A) Finance Banking Risk Management 105

PYMNTS

NOVEMBER 3, 2020

In today’s top news in digital-first banking, digital payments network Zelle crossed over the one-billion transaction mark, while China’s tests of a digital yuan have processed over four million transactions. Plus, Bloomberg clients will now have the capacity to use the company’s terminal to look at Credit Benchmark’s risk data.

B2C 122

B2C Banking Benchmarking B2B 122

Global Finance

OCTOBER 11, 2024

Global Finance presents its 31st annual list of best banks worldwide. Banks face an uphill battle as supply chains remain disrupted, regional conflicts continue to build, and the fear of bank failure returns. Industry leadership, advancements in digitalization and corporate citizenship also factored in.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

PYMNTS

JUNE 19, 2020

In an effort to provide complete management of foreign exchange risk, financial solutions provider Profile Software rolled out its Acumen net eFX offering. The bank said it was teaming with FX technology company Kantox through an arrangement that would let BNP Paribas provide Kantox’s Dynamic Hedging software to business clients.

Risk Management 64

Risk Management Foreign Exchange Treasury Banking 64

Beacon CFO Plus

MAY 5, 2023

Risk can mean something different for every company—as Warren Buffett famously said, “Risk comes from not knowing what you’re doing.” Knowing what you’re doing begins with having a strategic plan in place for your business that incorporates risk management. appeared first on BeaconCFO Plus.

Risk Management 52

Risk Management Strategic Planning CFO Compliance 52

The Finance Weekly

AUGUST 26, 2023

It is changing how businesses deal with Enterprise Risk Management (ERM), and AI algorithms can always watch for risks. AI can look at lots of data, find patterns, and predict risks. AI also does tasks automatically and saves time for risk managers. Why is Enterprise Risk Management Important?

Risk Management 52

Risk Management Profit and Loss Currencies Compliance 52

PYMNTS

DECEMBER 5, 2018

. “I would characterize it as a Big Data issue — it’s very intimidating to get started in third-party risk management,” Simkins said. ” Inexperienced or unfamiliar professionals may take a bottom-up approach to third-party risk management, analyzing risk on a vendor-by-vendor basis.

Securities 76

Securities Banking Risk Management Credit Risk 76

PYMNTS

APRIL 2, 2020

Every interaction tells banks what customers actually want, meaning FIs just need the right tools to interpret this data. billion by 2025, with banks of all sizes leveraging such capabilities. Data analytics can give banks valuable insights into their customers’ financial lives and help them offer tailored financial products.

Banking 94

Banking Risk Management Credit Risk Advertising 94

PYMNTS

MAY 22, 2020

While FinTechs are, in many ways, useful allies to banks, traditional FIs can also be a critical partner to FinTechs that lack the resources or opportunity to acquire their own banking license. This is where a bank collaboration can become particularly valuable.

Economics 104

Economics Banking Risk Management Compliance 104

PYMNTS

MARCH 12, 2020

Open banking and bank-FinTech collaboration can be an effective way for financial institutions (FIs) to launch new digital products. Below, PYMNTS rounds up the latest tie-ups and data sharing efforts as institutions explore how open banking models might accelerate their modernization efforts.

Banking 77

Banking B2B Risk Management Finance 77

PYMNTS

MARCH 29, 2019

Federal Bank in India has partnered with blockchain payments company Ripple to facilitate cross-border payments, according to reports. Federal Bank confirmed the collaboration in an announcement to the Bombay Stock Exchange on Thursday (March 28). A central bank has to be on top to create regulations.

Banking 96

Banking Risk Management Currencies Economics 96

PYMNTS

JANUARY 22, 2021

Mastercard ’s Vice President, Global Head of Product for Artificial Intelligence (AI) Express and Credit Risk Amyn Dhala told Karen Webster in a discussion that technology can make that real-time risk management attainable. But AI, he said, can provide a lot more than that in terms of protecting FIs from risk.

Banking 106

Banking Credit Risk Profit and Loss Risk Management 106

PYMNTS

APRIL 9, 2020

His bank has gotten nearly through the application process with a few of their SMB customers, he noted, but they’ve not released any funds yet. And while he’s heard anecdotal accounts, thus far he has yet to directly encounter a bank that has done the paying or an SMB that has received funds. Second: Eliminate The Capital Crunch .

Banking 114

Banking Accounting Risk Management Communication 114

PYMNTS

MAY 27, 2020

More consumers are turning to the omnichannel offerings of banks and credit unions (CUs) as they follow stay-at-home mandates, and cybercriminals are eager to launch attacks that make use of these channels. Deep Dive: Why Banks Must Examine Customer Behaviors Across Channels. Around The FI Fraud Decisioning World.

Banking 98

Banking Treasury Risk Management Securities 98

PYMNTS

OCTOBER 1, 2020

As banks look to streamline access to finance or make it easier to safely share financial information with apps, Barclays Business Banking and Wells Fargo are joining forces with FinTechs on digital initiatives. PYMNTS rounds up the latest partnerships and initiatives below. Barclays & Propel. SMBs] are the lifeblood of the U.K.

Finance 91

Finance Banking Foreign Exchange Invoicing 91

PYMNTS

DECEMBER 9, 2020

Managing credit risk used to be a reactive process. Bank customers would fall behind on their payments, and their banks might react by imposing fees or having a case manager work with them to bring their accounts back up to speed. This was not only costly for customers, but also financially dubious for their banks.

Credit Risk 98

Credit Risk Banking Risk Management Planning 98

PYMNTS

MARCH 20, 2020

Open banking’s impact on small- to medium-sized businesses (SMBs) continues to proliferate as traditional financial institutions (FIs) embrace the opportunity to unlock data for third-party platforms. ’s experience is quickly influencing the way SMB lenders approach open banking in other markets like the U.S. .’s

Banking 93

Banking Finance Invoicing Risk Management 93

Global Finance

APRIL 4, 2025

Salah Al Fulaij, CEO-Kuwait at National Bank of Kuwait (NBK), discusses Kuwaits path toward economic and banking reform and NBKs strategy in a period of change. Our investments in advanced digital banking solutions, automation, and cutting-edge analytics equip us to offer seamless, secure, and scalable financial services.

Economics 52

Economics Prioritization Leverage Finance 52

PYMNTS

MAY 21, 2020

Open banking initiatives and bank-FinTech collaborations continue to expand in an effort to improve financial services offerings for small and medium-sized businesses (SMBs). Built on the bank-FinTech collaborative model, startup Treasury Prime recently announced a $9 million Series A funding round for its API technology.

Banking 69

Banking Treasury Compliance Risk Management 69

CFO News

AUGUST 25, 2024

In response to the RBI's increasing focus on financial sector stability, banks are bulking up their technology capabilities by expanding their tech teams and increasing IT investments.

Risk Management 45

Risk Management Banking Investments Technology 45

The Finance Weekly

OCTOBER 30, 2024

Fortunately, modern cash management solutions have stepped in to simplify these challenges, offering businesses the tools they need to stay on top of their finances. One of the major trends in this space is the ability to connect bank accounts seamlessly, providing real-time visibility into your financial status.

Cash Management 52

Cash Management Cash Flow Forecasting Reconciliations Forecasting 52

PYMNTS

SEPTEMBER 24, 2020

And as Lisa Shields , founder and CEO of FISPAN , told Karen Webster in a recent PYMNTS TV conversation, embedding banking products and services within enterprise resource planning (ERP) systems can pave the way for chief financial officers and treasurers to do far more than simply track cash balances and pay bills.

B2B 94

B2B Banking Treasury Risk Management 94

Global Finance

DECEMBER 26, 2024

Global Finance: In a landscape where central bank decisions and carry trades significantly influence global FX markets, what unique value can a bank offer its customers? This includes guidance on hedging strategies and risk management to capitalize on opportunities and mitigate risks associated with carry trades.

Currencies 52

Currencies Banking Risk Management Finance 52

PYMNTS

JULY 28, 2019

The 4-year-old bank uses real-time payments data and a risk-management system that analyzes more than 3,000 variables to allow borrowers to apply for a loan on a smartphone and receive cash almost instantly if approved. It used to be a segment that banks thought was too difficult and too risky.

Banking 79

Banking Profit and Loss Construction Risk Management 79

PYMNTS

MARCH 17, 2019

The People’s Bank of China (PBOC) announced that it is planning to steadily develop a system of rules to regulate financial technology (FinTech) in the country. A lot of companies are not [there] in terms of their business plan, in terms of their risk management process, in terms of their overall management,” he said. “A

Banking 77

Banking Risk Management Communication Finance 77