Tue.Oct 22, 2024

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Treasury Turns To Banks For Technology

Global Finance

A recent survey by EY of more than 1,800 global CFOs and treasurers of corporate and commercial clients was unveiled at Sibos, revealing chances for banks to provide value-added services. Treasuries’ top challenge is securing financial investments focused on environmental, social and governance (ESG) concerns. Matt Cox, EY Global Commercial and Commercial Banking Leader, says that while expecting an ESG retracement, the opposite was true, as participants around the globe all thought bankin

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CFOs key to effective AI change management: ShareFile

CFO Dive

Isolating the technology’s “tangible value” is key to executing a successful, cost-effective AI strategy, ShareFile’s David Le Strat said.

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Trending Sources

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Industry Calls For Data-Sharing Framework To Enhance Security

Global Finance

A panel of industry experts at the Sibos 2024 conference on Tuesday discussed the critical role of data sharing and fraud detection in the modern financial landscape. As CFOs navigate an increasingly complex and interconnected world, understanding how to leverage data effectively can be a game-changer in mitigating risks and safeguarding financial institutions.

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FASB advances credit loss accounting relief for private firms

CFO Dive

The credit loss rules grew out of the financial crisis and the concern that banks were delaying recognizing deteriorating asset values.

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Automation, Evolved: Your New Playbook For Smarter Knowledge Work

Speaker: Frank Taliano

Document-heavy workflows slow down productivity, bury institutional knowledge, and drain resources. But with the right AI implementation, these inefficiencies become opportunities for transformation. So how do you identify where to start and how to succeed? Learn how to develop a clear, practical roadmap for leveraging AI to streamline processes, automate knowledge work, and unlock real operational gains.

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Members Spotlight: Engela van Loggerenberg

CFO Talks

Members Spotlight: Engela van Loggerenberg At CFO Club Africa, we take pride in sharing the stories and achievements of our members through a dedicated profile series. These profiles spotlight the journeys, expertise, and personal insights of CFOs and finance leaders who are making a real impact in their organizations and the finance industry. Each story offers a blend of professional expertise and personal experiences, providing inspiration for those on their own career paths.

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Deciphering TreasuryDirect’s mysterious gift-box email

Tips Watch

By David Enna, Tipswatch.com TreasuryDirect this week began sending out emails to investors holding U.S. Series I Savings Bonds in gift boxes, suggesting that these bonds should be delivered “as soon as possible.

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Microsoft ups finance automation game with ‘AI agents’

CFO Dive

The announcement reflects a growing trend in which Microsoft and other tech vendors are promising the next stage in generative AI applications.

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At Sibos, Central Bankers Tout Wider Adoption Of CBDCs

Global Finance

Central bank leaders on Tuesday discussed the evolving landscape of Central Bank Digital Currencies (CBDC) at the Sibos conference in Beijing. Representatives from China, the Bahamas, Kazakhstan and Europe each addressed the nuances of this burgeoning subgroup of the financial technology sector, according to Finextra. The big takeaway: A more complete ecosystem is needed for widespread adoption of CBDCs to become a reality.

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HSBC names first woman CFO amid restructuring

CFO Dive

The bank is simplifying its business into four spheres and has tapped its chief risk and compliance officer, Pam Kaur, to become its next finance chief.

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Data Talks, CFOs Listen: Why Analytics Is The Key To Better Spend Management

Speaker: Claire Grosjean

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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Revenue vs profit: What’s the difference?

Cube Software

Key takeaways Revenue is the total income your customers generate before subtracting any costs. Profit is what’s left after deducting all business expenses like production costs, employee wages, and other operational fees. Investors and stakeholders typically look at profit (vs revenue) to determine whether a company is sustainable in the long run. Key differences between revenue vs. profit Revenue and profit aren’t interchangeable.

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SEC settles charges with 4 firms it says downplayed SolarWinds hack exposure

CFO Dive

The agency alleged Unisys, Avaya, Check Point Software and Mimecast misled investors about the extent of their respective cyber risks.

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Ethical leadership for accountants

Future CFO

Helen Brand , chief executive at the Association of Chartered Certified Accountants talks on ethical leadership, emphasising the value professional accountants play in this very changed world that is going to require different business strategies, skills and capabilities, as well as the opportunity and necessity of doing things differently. First published on Youtube.

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How Isabelle Winkles Built a CFO Career Toolkit | Finance Leadership Insights

CFO Thought Leader

Inside The Mentoring Round , Isabelle Winkles, CFO of Braze, reflects on her deliberate and evolving path to becoming a CFO. From her early career as an investment banker to 18 years at Morgan Stanley, Winkles emphasizes the importance of building a diverse finance toolkit through roles in corporate FP&A, treasury, and equity research. She discusses the value of taking strategic career pivots, gaining hands-on exposure, and learning from experienced mentors like Ruth Porat.

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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#FASuccess Ep 408: Merging Into A Mid-Sized Firm To Grow Something Together (And Have A Real Piece Of It), With Maddi Keegan

Nerd's Eye View

Welcome everyone! Welcome to the 408th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Maddi Keegan. Maddi is a Financial Advisor and the Director of Operations of Frazier Financial Advisors, an RIA based in Columbus, Ohio that oversees $860M in assets under management for 650 client households. What's unique about Maddi, though, is that after building a successful solo advisory firm, she then decided to merge her business with Frazier Financial Advisors, a mid-

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Balancing Risk and Reward

CFO Talks

Balancing Risk and Reward As a CFO, one of your primary responsibilities is to balance the fine line between risk and reward. It’s a delicate dance that requires strategic thinking, informed decision-making, and the ability to forecast future outcomes. In South Africa, where economic volatility and regulatory changes are frequent, understanding how to manage risk without sacrificing potential rewards is essential for your business’s success.

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India wouldn't be fastest-growing economy if people hadn't utilised digital infrastructure: Nirmala Sitharaman

CFO News

India's Finance Minister Nirmala Sitharaman emphasized digital infrastructure's role in India's rapid economic growth. Addressing Wharton Business School, she noted that free digital access and local language campaigns enabled technological adaptability, driving growth. India's digital governance, especially through Digital Public Infrastructure, has transformed access to essential services, positioning the nation as a leader in digital transformation.

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FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 09/2024 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 09/2024”. The Monitor is a monthly published overview of venture capital trends in. Read more The post FCF Healthcare & Life Sciences Venture Capital Monitor – USA – 09/2024 published appeared first on FCF Fox Corporate Finance GmbH.

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Forecasting Failures Are Costly: Heres How To Fix Them

Speaker: Dave Sackett

Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.

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India likely to grow at 7.2 pc in FY25: RBI deputy governor

CFO News

Patra said that since independence in 1947, India's growth path has undergone three structural shifts with trend growth, having risen to 7 per cent during 2002-2019.

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HSBC announces Pam Kaur as first female CFO

CFO News

​​This development comes as Georges Elhedery, the former CFO became CEO earlier this year. Kaur Joined HSBC in 2013 and her career spans serving several financial institutions, including Deutsche Bank, where she served as Global Head of Group Audit, and Royal Bank of Scotland, where she held dual roles as CFO and COO of its Restructuring and Risk Division.

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Ambani’s Jio in Talks with Allianz for insurance JVs in India

CFO News

Jio Financial Services, controlled by Mukesh Ambani, is in early discussions with Allianz SE to form new insurance partnerships in India, covering general and life insurance. Allianz is considering exiting its current ventures with Bajaj Finserv. This move aligns with Jio's ambitions to expand its financial services, leveraging India's growth potential in the insurance sector.

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ICAI disciplinary action: 205 CAs penalized, but questions on nature of indiscipline, transparency remain

CFO News

Between April 2023 and June 2024, the ICAI held 188 meetings, addressing over 600 cases of professional misconduct and awarding 205 punishments. This highlights a significant increase in proactive disciplinary action. Experts note that while progress has been made, there is a need for clarity regarding the nature of indiscipline, the issues identified, and the quantum of penal or other actions taken.

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Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

Speaker: Erroll Amacker

As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R

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DGTR recommends anti-dumping duty on Chinese drawer sliders to protect MSMEs

CFO News

"The authority recommends imposition of anti-dumping duty on the imports," it said.

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India to consider ending windfall tax on crude, says govt official

CFO News

India to consider ending windfall tax on crude, says govt official

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RBI move to slow down gold loan growth, lead to uptick in delinquencies: Crisil

CFO News

The RBI's recent notification urging lenders to revise their gold loan practices may temporarily slow loan growth and increase asset quality stress, Crisil reports. Issues highlighted include improper monitoring of loan-to-value ratios and asset classification. Compliance may affect loan disbursements and taper growth for banks and NBFCs in the near term.

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RBI's platform bridges India’s $600 billion gap for smaller firms

CFO News

Indian engineering firm BTL EPC Ltd has seen revenues double and reduced funding costs by 2.5 percentage points through the RBI-backed Trade Receivables Discounting System (TReDS). The platform aids MSMEs in accessing quicker and cheaper capital, reducing working capital credit gaps significantly.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.