Thu.Jun 06, 2024

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Most Innovative Banks Globally 2024

Global Finance

Citibanamex In 2023, Citibanamex released several outstanding consumer banking innovations to improve user experience (UX). These include micro animations, messages, and its new user login splash page on its financial app. “Our innovative mobile dashboard leverages cutting-edge UX techniques, including animated cards that dynamically display crucial information such as account balances, investment fund earnings through animated charts, and personalized offers enhanced with custom animations,” sa

Banking 59
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Chemours appoints new CFO after accounting probe

CFO Dive

The appointment comes after the chemical company discovered that three of its top executives, including its then-CFO, engaged in unethical financial practices.

CFO 293
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Trending Sources

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Thanks, Joe! Updating Brandon’s Restaurants

Barry Ritholtz

I spend a lot of time debunking investment-related b t. Given the general innumeracy of the public, it’s easy for a dishonest publisher of economic data to create narratives that are not only false and misleading but effective at confusing the public. Typically, it takes years before sufficient data amasses to prove how wrong these people were.

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Toast CFO aims to build ‘enduring’ company on path to profitability

CFO Dive

Three years after Toast went public, thinking strategically about building a team for the future was one of her most important early priorities, said CFO Elena Gomez.

CFO 271
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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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Alternative Financing Comes Of Age

Global Finance

Fintech is fueling a boom in innovation, offering CFOs an array of new ways to access capital. For years, alternative financing models have been changing the way companies access cash. Now, fintech is offering innovations, from subscription and fee-based online lending marketplaces to blockchain, that are changing the alternative financing landscape itself.

Finance 124

More Trending

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Ghana Adopts Blockchain To Stem Fraud

Global Finance

Ghana reached a $3 billion loan agreement with the International Monetary Fund (IMF) last year. Now, it will become the first African country to reduce public corruption via adopting blockchain technology for all government procedures. “We are going to adopt blockchain technology to ensure that all data and transactions in the government space are transparent and tamper-proof,” said Vice President Mahamudu Bawumia at the May 14th Commonwealth Regional Conference and Annual General Meeting of Hea

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The Role of a CFO in Financial Risk Management

CFO Share

The Role of a CFO in Financial Risk Management Managing financial risks is crucial to ensuring long-term business success. However, small business entrepreneurs are particularly ill-suited for risk management: optimistic, energetic, and abstract. This is where a Chief Financial Officer (CFO) becomes indispensable: disciplined, deliberative, and concrete.

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Corporations Offshoring Office Hubs From US To Southeast Asia

Global Finance

Singapore is the biggest beneficiary of the post-pandemic trend of US employees abandoning in-office work. Will the shift to Southeast Asia continue? General Electric announced in April that it was selling, the New York property where Jack Welch once held forth to his acolytes at the company’s fabled management academy, for $22 million. The same month, Apple went public with plans for a $250 million expansion of its Singapore regional hub, adding that it was considering increasing its manufactur

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Building strong relationships across your organization: key strategies for finance leaders

Cube Software

Why is relationship-building important for finance leaders? As finance leaders, we often get caught up in the numbers, analyses, and reports. While those things are certainly important, the real magic happens when we step out from behind our desks and start building relationships across the organization.

Finance 52
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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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Driven By Data: Q&A With ING’s Chief Analytics Officer Bahadir Yilmaz

Global Finance

Bahadir Yilmaz, ING’s chief analytics officer, explains how the Dutch bank is harnessing AI’s power and what this means for ING and its customers. Global Finance: How will artificial intelligence (AI) influence banking of the future? Bahadir Yilmaz: AI enables faster and smarter decision-making in a personalized fashion, using much bigger datasets than ever before.

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Lessons from Gamestop Round 2

CFO Share

My shock to see a second meme-stock craze around Gamestop (GME) was equaled only by how predictably it is playing out. Yes, Roaring Kitty is back and, just like in 2021, inspiring thousands of retail investors to take risky positions on GME options. I think what’s shocking about this story is how so many people still licking their wounds from the first craze are willing to jump on the carousel for another ride.

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Namibia And NIPL Ink Instant Payments Deal

Global Finance

The Bank of Namibia (BoN) has signed an agreement with NPCI International Payments Limited (NIPL), an international arm of the National Payments Corporation of India (NPCI), to develop a secure national payment system, similar to India’s Unified Payment Interface (UPI) using the same technology. UPI is an instant payment platform that enables inter-bank transactions through mobile devices 24/7.

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ION XTP Execution wins “Best Sell-Side OMS” at TradingTech Insight Awards – USA 2024

Reval

LONDON – 07 JUNE 2024: ION, a global leader in trading and workflow. The post ION XTP Execution wins “Best Sell-Side OMS” at TradingTech Insight Awards – USA 2024 appeared first on ION.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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CFO Corner With Ternium’s Pablo Brizzio

Global Finance

Pablo Brizzio serves as the chief financial officer (CFO) of Ternium, a steel company known for its integrated manufacturing processes for steel and value-added products. Headquartered in Luxembourg and listed on the New York Stock Exchange (NYSE), Ternium operates across Latin America and is majority owned by the Rocca family. Brizzio has held the position of CFO since 2010.

CFO 59
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Modi 3.0: Economy and jobs

CFO News

Well, while the world is waiting for PM Narendra Modi’s 100-day plan, new ministers and Cabinet formation after the NDA staked claim to form the government. I want to draw your attention to something very important – the issues Modi 3.0 should focus on.

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Most Innovative Financial Technology Companies 2024

Global Finance

Africa And Middle East MNT-Halan MNT-Halan developed innovative technology that provides a digital solution for unbanked populations. The resulting products have driven digital engagement, customer retention and market share. The company’s Halan superapp offers remote access to consumers for the entire Halan product and service ecosystem, including small- and micro-business lending, payments, investment products, e-commerce, and consumer finance solutions like savings and buy-now-pay-later produ

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RBI Monetary Policy Committee keeps repo rate unchanged at 6.5%, raises GDP forecast to 7.2% and sets inflation at 4.5% for FY25

CFO News

This marks the eighth consecutive time that the MPC has maintained the policy repo rate at 6.50 per cent. The last adjustment to this rate, when it was increased from 6.25 per cent to 6.50 per cent, occurred on February 8, 2023.

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Bringing AI to Finance: How to Leverage Technology for Efficiency and Control

Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.

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Investing In Innovation: Q&A With BTG Pactual’s André Portilho And Rafaella Dortas

Global Finance

Global Finance spoke with André Portilho, head of digital assets at BTG Pactual, and Rafaella Dortas, executive director and head of BTG Pactual’s ESG team, about how the bank incorporates technology into its strategies. Global Finance: What drives the innovation that you’re building into your business? André Portilho: Innovation is essential tool for the continual evolution of products, processes and services to meet current and future market demands.

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Modi 3.0 may shift focus from development to welfare, with employment as top priority

CFO News

BJP's third term under Modi brings unexpected challenges, prompting potential shifts towards welfare policies and a renewed emphasis on employment, amid coalition governance.

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Building Trust: Q&A With BBVA’s Clara Higuera

Global Finance

Clara Higuera, lead data scientist and project manager on BBVA’s new predictive models for debt mitigation, speaks to Global Finance about the key steps to AI innovation. Global Finance: BBVA recently introduced a machine learning (ML) pipeline for early debt recovery. What problem does this innovation solve? Clara Higuera: When clients start facing difficulties in repaying loans, this is a double problem—for the customer and for the bank.

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Pharma industry raises concerns over new Schedule M's impact on cosmetic manufacturing

CFO News

The Federation of Pharma Enterprises (FoPE) that represents medium and small-scale enterprises has written to the health ministry citing that setting up a new plant exclusively for cosmetic manufacturing is financially not viable.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Innovation And Freelancing

Global Finance

VOL. 38 NO. 6 Is there a link between freelancing or outsourcing and the world of innovation? This question came to mind after reviewing the two key topics in this month’s issue. And the answer is definitively “Yes.” Freelancing and talent outsourcing—the topic of this month’s cover story —are growing, becoming increasingly global, affecting different sectors, occupations, and ranks.

Finance 52
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RBI maintains interest rates amid growing calls for easier money policy

CFO News

The Reserve Bank of India (RBI) kept interest rates unchanged in its eighth consecutive meeting, with some members leaning towards easing monetary policy due to concerns about rising food prices. The central bank raised its FY25 growth forecast by 20 basis points to 7.2%, leading to a surge in equity indices. Inflation remains a concern due to global commodity price increases and potential food price spikes.

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Regional Most Innovative Banks 2024

Global Finance

Africa Nedbank Mozambique Nedbank Mozambique reinvented how it services customers with its client-oriented structure for the brand, people, branches, processes and systems. This strategy has been the pillar of Nedbank Mozambique’s success, growth and unique positioning in the market. Among the arrows in the bank’s quiver is NedSnap, a robotic process automation (RPA) platform that supports Nedbank’s employees by facilitating more-effective communication and timely results.

Banking 52
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Deal activity dips 3 pc to USD 5 bn in May

CFO News

Deal activity in May dropped by 3% to $5.023 billion. Mergers and acquisitions fell by 58%, but private equity deals rose by 49%. Largest deals include Google's $350 million investment in Flipkart and Manipal Health's majority acquisition of Medica Synergie.

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Outsourcing Vs. In-House: The Ultimate Battle For Better Collections

Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.