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 289
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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
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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 256
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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Best Financial Innovations 2024

Global Finance

Technology advances bring the high-touch experience to more clients, large and small. While geopolitical tensions, rising oil prices and financial stress are being felt globally, financial institutions understand that innovation during tough times isn’t just about survival but about positioning for future success. Challenges often reveal new problems to solve, demanding increased focus on finding innovative ways to improve efficiencies.

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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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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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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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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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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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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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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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Usage-Based Monetization Musts: A Roadmap for Sustainable Revenue Growth

Speaker: David Warren and Kevin O’Neill Stoll

Transitioning to a usage-based business model offers powerful growth opportunities but comes with unique challenges. How do you validate strategies, reduce risks, and ensure alignment with customer value? Join us for a deep dive into designing effective pilots that test the waters and drive success in usage-based revenue. Discover how to develop a pilot that captures real customer feedback, aligns internal teams with usage metrics, and rethinks sales incentives to prioritize lasting customer eng

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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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Solve Your Firm's Automation Complexities Once and For All

Speaker: Mark Stovel

When it comes to automating, many firms focus on finding the latest tech, believing that efficiency is something achieved through new tools. Yet true efficiency is achieved by delivering real value to clients, not merely by upgraded systems. Without a clear approach, no level of automation can overcome the complexities of serving every client’s needs.