CFO News

JUNE 21, 2024

RBI Governor Shaktikanta Das emphasized the importance of strong governance and resilient financial systems at the global conference on financial resilience.

Compliance 40

Compliance Risk Management Financial Systems 40

PYMNTS

NOVEMBER 30, 2020

WatchDOG AML is a “holistic” anti-money laundering ( AML ) solution that works to prevent financial crime by “identifying suspicious activity in real time with an enterprise transaction monitoring system,” the companies said in a statement on Monday (Nov.

Risk Management 63

Risk Management Compliance Financial Systems Leverage 63

PYMNTS

JANUARY 30, 2019

The investigation found that Standard Chartered’s traders used illegal tactics to maximize profits or minimize losses at the expense of the bank’s customers, or customers at other financial institutions (FIs). The bank also agreed to provide the DFS with ongoing progress reports to prove that it is meeting the objectives.

Profit and Loss 51

Profit and Loss Foreign Exchange Compliance Auditing 51

PYMNTS

NOVEMBER 2, 2020

The ministry’s AML and CFT policies incorporate the suggested policies set by the Financial Action Task Force (FATF) and will be monitored by the Caribbean Financial Action Task Force (CFATF). During phase one, VASPs will have to demonstrate their compliance with these standards, according to the release.

Banking 64

Banking Risk Management Compliance Currencies 64

VCFO

AUGUST 16, 2023

Money Laundering Prevalence and Practices When bad actors possess large sums of cash that they want to place into the financial system without raising flags, money laundering techniques such as “structuring” are used. In short, money laundering needs to be discussed and assessed as part of risk management policy in all companies.

Compliance 84

Compliance Banking Risk Management Currencies 84

PYMNTS

MAY 15, 2019

As he told Webster, “when you combine Earthport and Visa, we now stand in front of virtually 100 percent of the globe in terms of a reach equation,” with what he termed “bank-grade-type compliance and risk management in the operating structure provided by Visa’s network.”. Single Point Of Connection.

Treasury 74

Treasury B2C Financial Systems Banking 74

Global Finance

OCTOBER 11, 2024

The banks “failed as a result of a combination of unrealized interest rate losses from their long-term, fixed-rate assets and the loss of the low-rate deposits that had funded these assets,” Larry Wall, research center executive director of the Atlanta Fed’s Center for Financial Innovation and Stability, explained in a blog post.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

PYMNTS

JULY 6, 2017

A report released this week by the Financial Stability Board, an international body that makes recommendations on the financial system for G20 nations, has raised concerns over the ongoing decline in interbank relationships. dollar and euro transactions declined even further, by 15 percent.

Compliance 40

Compliance Financial Systems Risk Management Banking 40

Spreadym

OCTOBER 20, 2023

A multi-currency account reporting refers to the financial reporting and tracking of transactions in multiple currencies within a single account or financial system. Currency Risk Management: Businesses can use multi-currency account reporting to manage currency risk.

Currencies 52

Currencies Accounting Risk Management Compliance 52

Michigan CFO

JUNE 7, 2023

Understanding the Role of a CFO A CFO is a high-level executive responsible for overseeing the financial activities of an organization. Their primary duties include financial planning, analysis, risk management, financial reporting, and leadership of the finance & accounting team.

CFO 52

CFO Problem Solving Budgeting Financial Systems 52

PYMNTS

SEPTEMBER 15, 2017

LendUp and Beneficial State Bank have a different approach: They want to invest and make money on their customers who are succeeding financially and are able to participate in the full spectrum of the financial system. And that, he said, is hard and time-consuming work. It takes a partnership to make it work,” Orloff said.

Banking 79

Banking Education Startups Risk Management 79

PYMNTS

JANUARY 27, 2017

In China, he proffered by way of example, there is a multi-purpose score calculated for things like credit decision and risk management derived data from Tencent networks and through conduits such as Alibaba, Alipay and Ant Financial. amid compliance initiatives, he continued, there is usually collaboration across the U.S.

Securities 57

Securities Numbers Risk Management Compliance 57

PYMNTS

JUNE 5, 2020

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.

Securities 69

Securities Banking Leverage Accounting 69

Future CFO

NOVEMBER 15, 2023

Integration and Automation CFOs should integrate spreadsheets with other financial systems and applications to ensure seamless data flow and reduce the risk of errors during manual data transfers. This might involve implementing automated compliance checks and utilising tools that provide real-time alerts for potential risks.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Leverage Communication Compliance 52

Spreadym

JUNE 27, 2023

This enables management to take corrective actions, implement efficiency measures, and evaluate the success of initiatives. Financial Control and Risk Management: Financial Planning and Analysis plays a critical role in financial control and risk management.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning Financial Analysis Budgeting 52

PYMNTS

OCTOBER 10, 2016

Already, the banking sector has spent $17 billion on Big Data and data analytics solutions in 2016; financial services is likely to remain Big Data’s top market in the future, according to research. That’s due to the capabilities of risk management, fraud detection and prevention and compliance within data analytics solutions.

Investments 74

Investments B2C B2B Banking 74

PYMNTS

MAY 29, 2019

“We’ve had 10 years of enormous regulation,” UBS Group Chief Compliance and Governance Officer Markus Ronner said, according to the report. “That has tied up enormous resources.”

Finance 43

Finance Compliance Banking Risk Management 43

PYMNTS

NOVEMBER 19, 2019

Cryptocurrency risk management platform TRM Labs announced that it has raised $4.2 Founded in 2018, TRM helps financial institutions across the US, Latin America, Asia and Europe to measure, monitor and mitigate their cryptocurrency risk exposure, enabling them to simplify customer due diligence and meet regulatory requirements. “By

Risk Management 41

Risk Management Compliance Financial Systems Investments 41

Future CFO

DECEMBER 17, 2024

Regulatory demands : Rising regulatory requirements, particularly in AML and cybersecurity, necessitate that banks prioritise IT investments, directly influencing CFOs financial planning and risk management. Building a culture of continuous learning and establishing a dynamic risk management model will be critical.

Banking 98

Banking Risk Management Leverage Compliance 98

Global Finance

OCTOBER 31, 2024

For the commercial banking sector, continuous innovation, strong product development and customer service, and effective risk management are just some of the critical elements necessary to sustain and grow a franchise. This year’s honorees prove hard work pays off by substantially rising in the ranks.

Banking 59

Banking Profit and Loss Risk Management Leadership 59