Fed touts FedNow’s fraud tools

Cleveland Fed President Loretta Mester spelled out some of the tools that the new instant payments system will have for thwarting fraud during a speech this week.

By Lynne Marek • July 13, 2023

KPMG to spend $2B in expanded AI alliance with Microsoft

The expanded partnership could help unlock potential incremental growth opportunities for KPMG of over $12 billion, the firm said.

By Alexei Alexis • July 13, 2023

Explore the Trendline➔

Spend management innovation yields equity value

Spend management technology is about attracting talented staff, reducing compliance problems and scaling back-office operations in a way that creates value. 

By CFO Dive staff

As margins tighten, CFOs are split on FinOps: CloudBolt

FinOps has gone mainstream as a way to reduce complexity and cost of cloud management. Finance leaders are still waiting to see benefits from implementing the practice.

By Grace Noto • July 13, 2023

Embattled EV maker Faraday replaces interim CFO

The electric vehicle maker’s new interim CFO, Jonathan Maroko, is replacing Yun Han, who resigned from the top finance role. The company announced it will also be restating certain financial reports. 

By Maura Webber Sadovi • July 12, 2023

GlobalFoundries, CFO designate part ways

The company and former Amazon executive Tim Stone mutually agreed to scrap plans for him to take over as CFO.

By Alexei Alexis • July 12, 2023

ChatGPT joins top 20 ‘shadow apps’

The popular AI tool made a strong debut this year on an annual list of the top 20 apps that are used in the workplace without company oversight.

By Alexei Alexis • July 11, 2023

How AI could fix accounting’s image problem: Oracle

Promoting the role of technology and innovation in your finance department can help attract new accounting talent and free up more time for finance to act as a strategic business partner.  

By Grace Noto • July 10, 2023

Tax teams poised to see big AI investments: KPMG

Within the next year, 70% of organizations expect to spend $1 million or more on AI for tax automation, with 40% planning to invest at least $10 million, according to a KPMG survey.

By Alexei Alexis • July 10, 2023

TPG to buy Forcepoint’s public sector cybersecurity business for $2.45B

The deal for Forcepoint’s government and critical infrastructure-focused business marks one of the largest in the cybersecurity market this year.

By Matt Kapko • July 10, 2023

Deploy a data integration strategy to power insights and digital transformation

To enable resilience, businesses need an intentional integration strategy.

July 10, 2023

Tech unemployment inched up in June, employers cautious on future hiring

June saw modest declines for tech job postings, a marker of future hiring plans, CompTIA analysis shows.

By Naomi Eide • July 7, 2023

Enovix taps semiconductor exec for CFO

The new finance chief was named just days after the Fremont, California-based company said it had received a purchase order to produce battery cells for the U.S. Army.

By Maura Webber Sadovi • June 30, 2023

CFOs stuck between short-term costs, long-term goals: EY

The balancing act between short-term and long-term performance is one of three major paradoxes finance leaders face in today’s environment, EY said.

By Grace Noto • June 30, 2023

KPMG cuts about 1,900 more US jobs

The layoffs will include cuts in its audit business — a notable shift given the company and the industry have recently struggled with accounting talent shortages.

By Maura Webber Sadovi • June 27, 2023

Wasabi CFO urges finance leaders, C-suite to embrace AI

CFOs need to take a more risk-forward mindset when it comes to AI to ensure they are well-placed for the coming “data wave.”

By Grace Noto • June 27, 2023

AI linked to new crop of business email scams

Businesses can no longer count on bad spelling and grammar to red-flag problem emails: Fraudsters are using AI to craft well-written email messages at scale.

By Alexei Alexis • June 27, 2023

Fintech startup TreasurySpring raises $29M amid bank turmoil

The startup is among fintech companies looking to capitalize on the Silicon Valley Bank collapse and other recent bank failures.

By Alexei Alexis • June 26, 2023

IBM to acquire Apptio in $4.6B deal

The purchase highlights a persistent customer interest in optimizing cloud costs, and opens upselling opportunities for IBM's hybrid cloud playbook.

By Roberto Torres • June 26, 2023

SEC puts SolarWinds CFO on notice in cyberattack probe

The news underscores the growing legal exposure that CFOs have as they are increasingly expected to take on broader remits of responsibilities — including technology.

By Maura Webber Sadovi • June 26, 2023

Inflation, talent shortages undercut finance team efficiency: report

Under pressure from inflation and a dearth of skilled talent, finance teams’ efficiency is suffering, a survey finds.  

By Grace Noto • June 26, 2023

Cloud tensions flare as Google accuses Microsoft of vendor lock-in

The three largest hyperscalers finally answered a Federal Trade Commission call for public comment, heightening industry scrutiny of Microsoft’s competitive practices.

By Matt Ashare • June 26, 2023

B2B must embrace digital payments

“B2B organizations have been slow to adapt to the changing demands and expectations of Gen Z,” writes a payments company vice president. “This is a huge mistake, and it can cost them dearly in the long run.”

By Justin Main • June 23, 2023

CFO-on-demand startup Paro closes $25M funding round

The funding will allow the company to scale its product innovation, including by “doubling down on AI,” according to CEO Anita Samojednik.

By Alexei Alexis • June 22, 2023

Visa hires CFO replacement

Card giant Visa has selected Chris Suh as its new chief financial officer. Suh, formerly at gaming company Electronic Arts and tech titan Microsoft, will receive a $3 million signing bonus and $20 million in longer-term compensation.

By Lynne Marek • June 20, 2023

Remote work erodes productivity by 4%: NY Fed

Employees who worked remotely before the pandemic continue to be 8% less productive than their peers who worked in the office before the onset of COVID-19, the New York Fed found in a case study.

By Jim Tyson • June 20, 2023