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While modernization carries inherent risks in a heavily regulated environment, the cost of inaction has become demonstrably higher. Financial institutions that delay transformation risk regulatory non-compliance, competitive disadvantage, and operational inefficiencies that compound exponentially over time.
Rooted in cognitive science and robotics, agentic systems evolved from early research prototypes into adaptive, autonomous problem-solvers. With capabilities like autonomous strategy selection, self-directed risk management, and real-time market adaptation, Agentic AI has the potential to transform how institutions engage with FX markets.
Xavier Sanchez is a Managing Director at CFGI, leading the Risk Advisory practice in the New York Metro area. As a consultant in the riskmitigation and compliance space , I always strive to be my client’s advisor on their risk and compliance needs.
” Recent research commissioned by Ecommpay revealed that just half of online retailers offer customers checkout in their local currency, potentially limiting conversion rates. And security, regulatory compliance, and fraud riskmitigation are top priorities for Ecommpay when implementing Currency Choice.
Impermanent Loss: While not theft, this is a common risk for liquidity providers in DeFi, and this solution would not mitigate it. Their primary risk exposure often comes from interacting with various DeFi protocols. It offers a clear riskmitigation strategy that aligns with their fiduciary duties.
Concern Over a Material Risk or Opportunity: When a customer’s financial risk changes, a timely visit can help you assess and mitigaterisk concerns on the spot. Research the customer’s industry, competitors, and trends. Schedule the date and time strategically.
The enterprise is exposed to financial risks at just about every angle, with expansion across borders and into partnerships with unfamiliar firms upping the ante on both risk and reward. Analysts are urging corporates to enhance their risk management strategies in today’s particularly volatile climate.
The Strategic Shift: From Compliance to Risk Orchestration FloQast’s survey uncovered a pretty notable opportunity in the compliance landscape. While a significant 47% of compliance professionals are focused on reducing administrative demands, only 16% are exploring strategic risk orchestration. You know what’s the best defense?
Fusion Risk Management is expanding its corporate risk management software offering by integrating new functionality into the tool, the company said in a press release on Monday (Sept. The enhancement means third parties can more easily participate in a holistic riskmitigation strategy, Fusion noted.
and China, as well as Brexit , are among the biggest current geopolitical events that continue to rock the FX market, and companies are at risk of taking significant financial hits as a result. That concern is growing for financial decision-makers in the retail, wholesale, and food and beverage industries, researchers noted.
However, they also pose a significant threat to the integrity of widely-used encryption methods, putting financial transactions and sensitive information at risk. Additionally, research into Quantum Key Distribution (QKD) technology is underway, aiming to create secure methods for distributing encryption keys.
The State of Risk Oversight: An Overview of Enterprise Risk Management Practices ,” a new report released by the American Institute of CPAs ( AICPA ) and North Carolina State University’s Enterprise Risk Management ( ERM ) Initiative), surprisingly only mentions cyber risk a handful of times. Maturing Risk Strategies.
It's for this reason that cybersecurity risks have climbed to the top of procurement professionals' minds as they develop their supplier management strategies. But third-party risk is complex and multifaceted, demanding a juggling act of coordination, collaboration and research. Risk Focus In Flux. Thinking Ahead.
Insurance firm Zurich is introducing a new supply chain risk management service in conjunction with riskmethods, reports in Global Banking and Finance Review said Thursday (March 7). We are committed to offering our customers solutions that go beyond risk transfer,” Zurich Global Head of Property and Energy Rob Kuchinski said in a statement.
The growing complexity of international supply chains inevitably adds complexity to riskmitigation and increases risk exposure to all players involved. Once, a company’s top supplier-related risk may have been the threat of a vendor going out of business, or goods failing to make it to their destination on time.
The firm released its “Data Risk in the Third-Party Ecosystem” study last month, and found that 59 percent of more than 1,000 executives surveyed said they had experienced a data breach as a direct result of a cyberattack on a vendor or other third-party partner. But the cyber risk is new.”
Tokyo Shoko Research, a Japan -based commercial database, has signed an agreement with SAP Ariba in the latter’s effort to strengthen its supply chain riskmitigation offerings. million Japanese companies to augment its SAP Ariba Supplier Risk solution, the companies said in a press release Monday (July 22).
Citi released a new report this week warning corporate treasurers to improve their FX riskmitigation efforts. Most of the companies surveyed have mature FX riskmitigation solutions deployed in their enterprises, the research found. The bank said Thursday (Mar. The bank said Thursday (Mar.
businesses are over-exposed to risks related to interest rate and foreign exchange volatility, according to new Citizens Bank research. Citizens asked more than 300 corporate professionals about how their firms are managing interest rate and FX volatility, finding two-thirds could be over-exposed to volatility risks.
Understanding exposure to risk is essential for companies today, and Dun & Bradstreet (D&B) research suggests awareness is strong, with U.S. The businesses that are going to succeed in their compliance and risk strategies, he added, are those that understand the relationship between procurement and compliance.
They’re just a few basic rules of thumb for small business owners to help mitigate the risk of a cyberattack, according to Matrix Integration; however, as president Nathan Stallings warns, as cyberattacks become more sophisticated, so much small businesses’ mitigation tactics. ” The U.S.
The benefits of adopting a life cycle model are manifold, including mitigatingrisks through early problem identification, enhanced predictability in activities, and a unified approach in the planning and renewal phases. The second challenge is the emergence of risks associated with fintech.
Businesses face mounting risk thanks to things like geopolitical uncertainties and regulation but are also threatened by something as seemingly arbitrary as group chat platforms. Increased global competition is also a top concern for these professionals, the research found, with 42 percent citing this specific threat.
Research and Markets projects that the Buy Now, Pay Later (BNPL) market in the Asia Pacific region will experience significant growth, expanding at an annual rate of 14.5% BNPL Regulation in Select Asia Pacific Markets Source: Fintech News, Research and Markets The era of limited or unchecked BNPL expansion is coming to an end.
Business-to-business (B2B) trade, especially when deals occur across borders, expose businesses to all sorts of risks, like non-payment (on the supplier’s side), or non-deliver (on the buyer’s side). Research from Atradius released in 2016 found that risks down the supply chain are 75 percent higher than they were pre-financial crisis.
For merchants, integrating Buy Now, Pay Later (BNPL) into their payment processing systems offers a unique avenue to drive sales, entice new customers, and mitigate certain risks. Stay compliant with evolving regulations and adhere to fair lending practices, mitigating regulatory risks.
But though there is evidence treasurers are stepping up to the plate, the research finds that not only are there ongoing risks that treasurers must address, many are not adequately doing so. Ninety percent agreed that the treasurer holds an important role as a “steward for risk management for the company.”.
These tasks include data entry, invoice processing, and financial analysis for decision-making, operational planning, and risk management. AI algorithms can help reduce this risk by analyzing vast amounts of data in real-time to detect anomalies and patterns indicative of fraudulent activities.
Some experts have warned that government entities’ focus on procurement cybersecurity could lead vendors, particularly small contractors, to lose out on business if their own cybersecurity and supply chain riskmitigation initiatives are subpar. ”
But new research from treasury management firm Kyriba suggests treasurers and CFOs are falling short in delivering on some of the top priorities of the corporate board. More than a third (36 percent) of survey respondents said fraud monitoring and riskmitigation are the areas in which CFOs are most falling short.
In its 2019 Executive Perspectives on Top Risks survey, published last week, Protiviti surveyed 825 board members across industries and across geographic markets to understand how corporations today are preparing for the year ahead. On the whole, researchers noted, the c-suite perceives 2019 risks as greater than in years past.
The growth of Same-Day ACH seems to also suggest that previous concerns about the risk of more fraud as a result of accelerated transactions has not held the industry back from adopting the functionality. Accelerated payments are taking off in several markets around the world, and NACHA’s latest figures demonstrate U.S. a decade ago.
Key Considerations for Credit Execs Though tariff uncertainty is not currently prompting a rush to secure liquidity, businesses freezing major investments and decisions creates a unique risk environment for trade credit managers. Here’s what to be on the lookout for: 1.
But the banks themselves also have complex demands for their own treasury departments, which, like other corporations, must be able to manage finances, risk and compliance. Managing Risk. Managing liquidity and credit risk are definitely of main concern to FIs.
Analytics, similarly, support cost savings and minimize risks for corporate clients, the report added. But according to researchers, SMEs have yet to implement the appropriate technologies and protocols to handle a cyberattack, despite the fact that the majority of businesses surveyed said they had already been victim to at least one attack.
Employers that do not use faster, modern payment methods risk losing workers to competitors,” the Faster Payments Tracker concluded. Last year, research from Aite Group found financial institutions are struggling to agree on how to best offer faster payment tools to their business clients.
Corporate treasurers are exploring AI for their own cash management and forecasting needs, while AI is also being explored among both traditional and alternative finance players for riskmitigation and underwriting purposes.
CFOs surveyed agreed that technology could help with strategic spend management: 60 percent told researchers that they agreed process or technology improvement was key to improving cost management. Earlier research from Runzheimer, for instance, found that managers lack visibility into the spend of their mobile employees.
The cyber insurance market is an emerging sector, Sayata Labs CEO and Co-Founder Asaf Lifshitz explained in a recent interview with PYMNTS, and insurance providers are facing some tough hurdles in underwriting and riskmitigation. Technology, Partnerships Address the Gaps.
“With Quadient and Signal research revealing only eight per cent of consumers actually understand information on new overdraft charges when tested, banks should remember that new Consumer Duty regulations aren’t just a ‘one and done’ thing.
Financial analytics firm RapidRatings and procurement technology company SynerTrade are collaborating on a solution for companies to mitigate procurement risk. RapidRatings, owned by FHR Network , is integrating its Risk Management API technology into the SynerTrade Accelerate Platform. ”
Effective vendor management contributes to cost optimization, riskmitigation , and quality assurance. In clinical research , vendor management involves stringent regulatory requirements , including ICH E6 Good Clinical Practice, ISO 14155, FDA 21 CFR Part 50, and Regulation (EU) No 536/2014.
On the other hand, supplier management is about mitigating the risk of working with unfamiliar suppliers or overseas partners. Farrell said corporations are vocal about their concerns regarding supplier risk. ” Research has also given reason to pay attention to vendor riskmitigation. .
Western Union Business Solutions is targeting Hong Kong SMEs in an effort to support their interest in FX hedging and riskmitigation. Cross-border operations can expose companies to an array of risks, including foreign exchange risk. Managing FX risk, he continued, is key for a corporate’s bottom line.
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