Latest News

As 2025 progresses, the banking and payments sector is undergoing transformative changes driven by emerging technologies. However, in B2B transactions, the widespread use of paper checks continues to slow progress, posing risks of fraud and inefficiency. Innovations like open banking and real-time account-to-account payments offer effective alternatives, but their adoption requires a clearer articulation of benefits...

Following its third consecutive interest rate cut since September, the Federal Reserve has reduced the main interest rate by a quarter percentage point, signaling a potential slowdown in further monetary policy changes. While this policy shift creates a mixed outlook for dealmakers, it also offers greater market predictability, according to analysts...

Caribou Biosciences, a clinical-stage biopharmaceutical company specializing in CRISPR genome editing, has announced the appointment of Sri Ryali as its Chief Financial Officer. With two decades of finance and commercial expertise in the biopharmaceutical sector, Ryali will oversee corporate finance, investor relations, and corporate communications, reporting directly to CEO Rachel Haurwitz...

PwC's 2024 Asset & Wealth Management Report highlights the significant role disruptive technologies, particularly AI, are playing in transforming the asset and wealth management sector. With 80% of firms predicting significant revenue growth driven by these innovations, CFOs should consider how adopting ‘tech-as-a-service’ models could contribute to potential a 12% increase in revenues by 2028...

Ernst & Young has announced a collaboration with the University of Southern California's Iovine and Young Academy (IYA) to advance inclusion, diversity, equity, and access in business, leadership, and entrepreneurship. Through this partnership, EY will connect IYA to a network of successful women entrepreneurs by introducing them to prestigious programs such as Entrepreneur Of The Year, Entrepreneurial Winning Women, and the Entrepreneurs Access Network...

As generative AI (GenAI) gains momentum across various industries, finance leaders are cautiously exploring its applications. Despite the hype surrounding tools like OpenAI's ChatGPT, adoption within the finance sector remains relatively low. A recent survey by Deloitte and the Institute of Management Accountants found that only 9% of finance professionals are actively using GenAI, with most respondents anticipating a delay of at least one to two years before implementation...

Ryder System, Inc. has announced the appointment of Cristina Gallo-Aquino as its new Chief Financial Officer (CFO), effective January 1, 2025. Gallo-Aquino, who has been with Ryder since 2004, brings a wealth of financial and accounting experience to the role. Previously serving as Ryder’s senior vice president, controller, and principal accounting officer, she has proven her expertise in overseeing the company's financial management functions...

The role of the Chief Financial Officer in private equity is undergoing a significant transformation. Historically seen as financial overseers, private equity CFOs are now emerging as strategic leaders at the heart of decision-making processes. These executives are shifting from being just custodians of financial data to becoming integral partners in shaping business strategies...

Expedia Group has announced the appointment of Scott Schenkel as its Chief Financial Officer, effective following the filing of its Annual Report for 2024, expected around February 7, 2025. Schenkel will succeed Julie Whalen, who will remain in the role through February to ensure a smooth transition...

Broadridge Financial Solutions, a technology solutions provider for the financial services industry has appointed Ashima Ghei as its Chief Financial Officer. Ghei, who had served as Interim CFO since July 2024, has been pivotal in shaping the company’s financial strategy and execution during the first half of FY25...