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The dual nature of AI in riskmanagement AI is heralded as one of the most significant innovations of our time, offering both immense potential benefits and considerable risks. Therefore, CFOs must ensure that their organisations are equipped with AI-driven cybersecurity solutions to mitigate risks effectively."
It has implemented climate riskmanagement and disclosure under the framework of the United Nations Principles for Responsible Banking (PRB) and the Task Force on Climate-related Financial Disclosure (TCFD). Strengthening ESG RiskManagement BOC has prioritised customer Environmental, Social, and Governance (ESG) riskmanagement.
At the FutureCFO Conference series, organised by Cxociety, finance leaders in Indonesia, Malaysia, Singapore, the Philippines and Thailand ranked automation and degitalisation (80%), investing in talent and employee development (58%) and continuous innovation (47%) as the top three strategies most important to sustainable growth in 2024.
New research from global data and cloud solutions company Hitachi Vantara found that while Asia is outpacing the world in AI adoption, poor data quality and security risks threaten to stall progress. In his view, there is still room for growth for Finance teams, particularly in fully leveraging AI-driven automation.
Finance leaders are wedged into a position of not only overseeing the implementation of financial controls and riskmanagement strategies to safeguard their organisations throughout the transformation journey, but also in spearheading the company to find and implement initiatives to drive value.
Business case assessment When organizations consider major investments or initiatives, building a strong business case is essential to evaluate feasibility and ROI. Riskmanagement Effective riskmanagement requires identifying and quantifying financial risks, such as market volatility, currency fluctuations, or operational disruptions.
This issue hampers forecasting accuracy, riskmanagement, and resource allocation. Without accurate insights, businesses struggle with forecasting, riskmanagement, and resource allocation. For example, if customer retention impacts profitability, companies can invest in loyalty programs or customer service improvements.
This proactive approach not only aids in financial riskmanagement but also equips businesses with the foresight needed to navigate uncertainties confidently. Negotiating favorable payment terms and leveraging early payment discounts are strategies that optimize cash reserves.
Our investments in advanced digital banking solutions, automation, and cutting-edge analytics equip us to offer seamless, secure, and scalable financial services. Moreover, our investments in fintech, e-commerce, and smart infrastructure are unlocking opportunities across industries.
This article aims to provide practical, actionable insights into effective riskmanagement strategies that you can implement within your organization. Understanding RiskManagement in the CFO Role Riskmanagement is an integral part of the CFO’s stewardship role.
In more advanced markets, finance teams leverage AI to automate routine tasks , thus freeing up valuable time for strategic decision-making. Futureproofing investments As technological advancement accelerates, CFOs are increasingly concerned about futureproofing their investments in AI.
Mayank Goel According to Goel, CFOs can leverage taxes strategically and navigate tax policy discussions effectively through various measures. 1. Strategic Tax Planning and RiskManagement - CFOs need to view taxes beyond mere compliance. The post How CFOs can leverage taxes strategically appeared first on FutureCFO.
Providing support to an organisation's finance team is a must in intensifying the focus on riskmanagement. In the Association of Chartered Certified Accountants' Rethinking Public Financial Management report, 73.4% of respondents believed risks to their organisations would increase in the future.
Ben Wong ,general manager for Southeast Asia & Hong Kong atfinancial technology platform Adyen , believes that with the vast amount of payments data available, businesses have an untapped opportunity to leverage artificial intelligence and machine learning to combat increasingly sophisticated fraud.
When it comes to third-party riskmanagement, organisations are redefining their approaches, with a focus on talent and strengthening the role of executive leadership on third-party riskmanagement teams, said Deloitte recently when releasing results of a survey.
Concurring with this assessment, Sunil Wahi , vice president of APAC solution engineering, applications at Oracle , says there is strong potential for AI to be leveraged in different use cases to help draw insights and make businesses more compliant and efficient.
Understanding what PortCo in private equity is, how private equity firms manage these investments, and their role in the broader investment lifecycle is essential for anyone navigating the private equity landscape. What Is a PortCo?
The global economy is transitioning to an era marked by higher growth, increased capital investment, and elevated interest rates. Frame: Its prompting them to adopt more agile and diversified investment strategies. Global Finance: What are high- and ultra-high-net-worth investors main concerns going into 2025?
This journey demands strategic foresight and a commitment to leveraging professional financial guidance to achieve long-term success. These services provide a holistic approach, encompassing everything from daily transaction management to financial planning and riskmanagement.
This foundational integration supports Scaling Business RiskManagement, allowing systems and processes to evolve seamlessly as the company grows. Invest in Compliance Training for Employees: Equip your team with essential knowledge, fostering a culture of compliance that drives sustainable growth.
In July, US global investment company and hedge fund, Citadel LLC, and Japanese energy startup, Energy Grid, announced their intent to enter a strategic partnership. The large alternative investment team has experience mitigating commodity supply and demand risks, including volatility in natural gas and electricity.
Regulatory Demands : Banks must prioritise IT investments amidst growing regulatory requirements, particularly in anti-money laundering (AML) and cybersecurity. Banks invest heavily in technology to enhance user experience and streamline processes through artificial intelligence, machine learning, and blockchain.
He found himself immersed in evolving structures, from investor relations to strategic funding, honing a flexible leadership style that balanced riskmanagement with forward-thinking vision. It (started) in the 80s, allowing smaller groups of investors to collectively invest in real estate. “ Stay curious. .”
InsurTech group Hippo Enterprises has announced a capital investment of $350 million from Mitsui Sumitomo Insurance Company , a press release says. With the investment, Hippo will be able to keep expanding its online home insurance business across the U.S., with the goal “to reach 95 percent of the U.S.
We invest in optimizing processes and leveraging advanced technologies like AI to improve efficiency. The offering also includes automated counterparty onboarding, transaction processing, and riskmanagement. Global Finance: How does Finastra stay ahead of the curve in trade finance innovation?
When private equity firms seek to optimize the performance of their portfolio companies and maximize investment returns, partnering with the right consulting firm, like E78, can be a game-changer. Still, it’s often early in the investment cycle or when a portfolio company faces challenges requiring specialized knowledge.
According to S&P Global Ratings, operational costs for European banks increased by over 4% annually from 2021 to 2023 , emphasizing the need for effective cost management strategies. To optimize costs, banks are reducing the number of applications and investing in technology that enhances customer experiences while maintaining efficiency.
This includes guidance on hedging strategies and riskmanagement to capitalize on opportunities and mitigate risks associated with carry trades. By leveraging AI, we have significantly reduced the time needed to close an FX transaction. BTG has a full shelf of trade finance solutions to address our customers needs.
By utilizing a SaaS application, they can achieve a consistent long-term cost structure, reduce IT overhead, and leverage collective advances in compliance and core IT development. GF: What impact has Basel III had on trade finance and how banks adjust their riskmanagement practices?
Treasurers are expected to grapple with the implications of these shifts and strategise on leveraging technology to enhance efficiency and adapt to the evolving work environment. The events such as the Silicon Valley Bank situation serve as reminders for companies to proactively address risks and strengthen riskmanagement policies.
In an era characterized by rapid digital transformation, businesses across the spectrum are leveraging technology to fuel progress, growth, and competitive advantage. The Critical Role of Cybersecurity Recent cyber threats have underscored the significance of cybersecurity in private equity investments.
The release stated firms have more often been looking for data to validate their own internal counterparty and credit risk assessment. Firms can bolster riskmanagement, loan and debt underwriting, portfolio optimization, supply chain riskmanagement and investment idea generation, the release stated.
A company who invests only in protection is not managing the risk associated with getting up and running again in the event of a cyber incident. In March 2022, the SEC issued a proposed rule titled Cybersecurity RiskManagement, Strategy, Governance, and Incident Disclosure.
However, IA leverages artificial intelligence (AI) and machine learning (ML) to automate cognitive tasks, enabling intelligent document processing, predictive analytics, and automated decision-making.
Additionally, given the significance of new technologies in today’s context of business, FCs need to know how to leverage technical innovations to managerisk and generate value. A collaborative approach can also vastly improve riskmanagement. A prime example of such innovations is of course CPM software.
Exploring Growth Management Solutions Leverage technology and financial tools to automate processes and streamline operations. Growth management solutions can enhance efficiency, freeing up resources to focus on strategic initiatives. This plan should include cash flow projections, budgeting, and riskmanagement strategies.
Banks are now prioritizing four key areas: liquidity management with a balanced portfolio view including commercial real estate (CRE), enterprise protection with anti-fraud and cybersecurity, operational resiliency and sustainability with climate risk and green products. Overall, balanced riskmanagement is the ultimate goal for banks.
They collaborate with executives, investors, and the finance team to managerisk, choose investments, and collaborate on strategic decisions. For small businesses employing a fractional CFO , understanding the core responsibilities of a CFO can help leverage their expertise effectively.
Focus on those that offer the most potential for return on investment (ROI) and strategic alignment. Focus on RiskManagement Every financial project comes with risks—whether it’s budget overruns, delays, or unforeseen challenges. A proactive approach to riskmanagement can save a project from failure.
Leveraging E78’s Comprehensive Due Diligence Process Due diligence is a critical aspect of private equity investments, as it allows investors to thoroughly evaluate potential opportunities and mitigate the risks associated with their investments.
While some team members may be proficient in traditional accounting practices, others may excel in data analytics, riskmanagement, or even tech-driven financial innovations. Leverage Each Team Member’s Strengths One of the key skills of an effective CFO is recognising and leveraging the unique strengths of each team member.
Balancing Risks and Returns in Investment Strategies: A Detailed Guide for CFOs in Africa For CFOs operating within the diverse economic landscapes of Africa, making informed investment decisions is crucial. Understanding Risk and Return Investment decisions are all about balancing potential rewards against possible risks.
When it comes to investment planning, the majority of public companies will update their methodologies to include sustainability metrics as a key part of their return on investment (ROI) analysis by 2026, said Gartner recently.
As the dynamic payments landscape presents both challenges and opportunities for corporate treasury, it’s unsurprising that financial institutions are finding new ways to help treasurers leverage new payments trends to improve efficiency, managerisk, and support business growth.
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