Banks prepare to tackle open banking/PSD2 challenges
by Bija Knowles
Banks are facing unprecedented changes as some of the requirements of the revised Payments Service Directive (PSD2) take effect this year
All posts
100 days to GDPR: majority of companies will be ready
by Bija Knowles
In the count down to the EU's General Data Protection Regulation (GDPR), the majority of organisations worldwide are now ready to comply – having spent an average of US$1.5 million
Three steps towards Europe’s sustainable financial system
by Bija Knowles
Long-term risk management, more environmental reporting and measuring the climate-impact of investment funds are three key factors in the EU's move to a sustainable financial system
Personalised enterprise-wide view of risk from Thomson Reuters
by Jack Large
Builds out its award-winning connected risk platform with new risk management solution
How technology will determine future role of business
by Bija Knowles
What are some of the key technology trends likely to disrupt business over the next three years?
Payment revolutions: open up opportunities for corporate treasury
by Jack Large
Card companies role changing; Nordic banks harmonised cross-border; Ripple multi-solutions; new normals - subscriptions and faster payments
Cyberattacks triple in financial services sector in past 5 years
by Bija Knowles
Cybercrime has a greater impact on financial services than on any other industry, with greater costs and a higher attack rate, according to research by Accenture and the Ponemon Institute
UK insolvencies up 4.3% in 2017 – KPMG
by Bija Knowles
Food industry bears brunt of inflation and corporates have fewer financing options on the table, as more companies fall into administration in England and Wales
Slow collection of receivables why manufacturing leaking €177 billion WC
by Jack Large
PwC survey shows that deterioration in net working capital days is at a five year high and average returns on capital employed (ROCE) has fallen by 5%
Smart Contracts are changing the way the world banks and invests
by Michael Kordvani , Freelance writer
App developers are creating smart contracts with decentralized apps (dApps)
Machine learning drives payment productivity in “End of ownership”
by Jack Large
Improve monthly revenue by 9% by improving transaction success rates and reducing churn with Recurly’s Revenue Optimization Engine
Benefits and risks of automating finance & accounting
by Bija Knowles
More than half of organisations are planning to improve their digital controls and improve financial and accounting processes with automation, analytics and other technologies this year
Who is responsible when analytics go wrong?
by Bija Knowles
The financial function is set to rely increasingly on artificial intelligence and automation in the coming years – but whose fault is it when the machines get it wrong?
UK payments in 2017 - the key data
by Jack Large
Faster Payments growing fastest but BACS and CHAPS dominate
5 actions to protect accounts from fraud
by Bija Knowles
Last year, identity fraud rose to record levels in the US, affecting about seven per cent of American consumers. These five actions can help to protect both consumer and business accounts
Larger workloads send CFO stress through the roof
by Bija Knowles
Working in finance can be stressful. Recent research shows that four out of five chief financial officers say stress levels in their job are rising – here are six ways to reduce stress
Integrated receivables is future for A/R: should you outsource?
by Jack Large
SafeCharge and highradius show how receivables integration and automation can produce big returns
Three waves of autonomy: financial sector hit first
by Bija Knowles
Analysis by PwC identifies three overlapping waves of automation between now and the mid-2030s – financial services are first in line but research shows retraining is key as jobs will be created too
Could science-based targets reduce your supply chain impacts – and risks?
by Bija Knowles
Global trade is projected to grow fourfold by 2050 – but companies need to look to their supply chain to tackle the real sources of carbon emissions and environmental impact
Six CFOs who went out with a bang
by Bija Knowles
What happens after the CFO quits? It can signal uncertainty to financial stakeholders if the departure is announced suddenly or at a critical time
USA Payments: 37 days to ACH same day funds availablity and standards initiative
by Jack Large
NACHA is driving many of developments with target on same day funds availability and setting up online community to support standardization of payments
More than IT investment needed to protect firms from cyberattack
by Bija Knowles
Companies have a roughly 50 per cent chance of being targeted by cybercrime but few are highly prepared – and new research shows the more spent on IT, the better protected the organisation
Legal but not fair: the cultural shift on tax
by Bija Knowles
Tax efficiency or tax avoidance: unlike evasion, both are legal and legitimate ways for companies to reduce their tax bill but the issue is increasingly becoming a significant moral challenge
Bank fee monitoring – more than just “penny pinching”
by Hubert Rappold , TIPCO Treasury & Technology GmbH
Electronic analysis of bank fees not only cuts costs but also helps to sustainably improve the quality of treasury processes