Unisys CFO targets revenue growth

A strong CFO-CEO relationship will be critical as technology solutions firm Unisys gears up to take advantage of the $1 trillion IT solutions market opportunity, CFO Debra McCann said.

By Grace Noto • June 20, 2023

B2B payment fraudsters exploit security holes: Trustpair

Companies’ reliance on manual, rather than automated, business-to-business fraud prevention measures is providing an opening for scammers, according to Trustpair CEO Baptiste Collot.

By Alexei Alexis • June 20, 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

AI may annually boost US productivity 0.7% through 2040: McKinsey

Unlike many prior advances in technology, generative AI will likely prove most jarring to highly educated workers, McKinsey said.

By Jim Tyson • June 16, 2023

SEC delays final rule on cyber incident disclosure as industry pushes back

The agency was seeking prompt reporting of material cyber breaches and attacks, but faced a range of concerns from stakeholders.

By David Jones • June 16, 2023

Microsoft beefs up AI-powered business automation tools

The enhancements include new features aimed at helping managers, including in finance departments, reduce time spent on task planning and risk assessments, according to a blog post.

By Alexei Alexis • June 15, 2023

Trump-leaning counties gain half of investment under Biden: Brookings

A Biden administration program to create a “leading-edge, techno-industrial base” and strengthen the middle class has disproportionately benefited Trump supporters.

By Jim Tyson • June 15, 2023

Citi CFO says tech initiatives will drive 5K job cuts this year

The bank has cut 1,600 jobs in the second quarter and expects a $300 million to $400 million uptick in expenses largely because of the severance costs, CFO Mark Mason said Wednesday.

By Suman Bhattacharyya • June 15, 2023

Generative AI revenues projected to reach $36B by 2028

The nascent generative AI market is poised for rapid growth in coming years, with total revenues projected to increase tenfold by 2028, S&P Global Market Intelligence says.

By Alexei Alexis • June 13, 2023

Newly-minted Bloomreach CFO keeps eye on ROI

Demonstrating a clear, immediate ROI can help tech companies stay on a path to growth.

By Grace Noto • June 13, 2023

As software migrates to cloud, IT spending waste follows

Enterprise technology asset managers are shifting their focus from desktops and data centers to containers and cloud, as SaaS solutions proliferate.

By Matt Ashare • June 13, 2023

Median cost of ransomware per incident hits $26K: Verizon

In some cases, threat actors are demanding higher ransom payments from companies “just because they believe they can get it,” according to Verizon’s Chris Novak.

By Alexei Alexis • June 13, 2023

Cybercriminals target high-profit companies: AEI

Investors in recent years have responded faster to news about a cyberattack, AEI researchers said.

By Jim Tyson • June 12, 2023

Block’s Ahuja chases bitcoin users for Cash App

The digital payments company believes bitcoin “has the potential to transform the global transmission of money,” Block CFO Amrita Ahuja said Thursday.

By Suman Bhattacharyya • June 9, 2023

3 CFO tips for raising productivity: McKinsey

By taking steps toward streamlining and adaptation, companies can reverse a slump in U.S. productivity and increase profits and employee wages, McKinsey said.

By Jim Tyson • June 9, 2023

Cyber startup DTEX snatches ‘high-growth’ CFO

The appointment will support DTEX’s growth trajectory amid rising demand for its insider risk management services, the company said.

By Alexei Alexis • June 8, 2023

Visa, Mastercard split on open banking

The two big U.S. card companies have diverging views on prospects for open banking. Will it make a difference in their rivalry?

By Lynne Marek • June 8, 2023

SMBs expect 14% boost in finance tech spend on average

The need for consolidation, automation or better data is a top factor driving the spending increase, followed by a need to strengthen business value and a desire to generate growth amid macroeconomic pressures. 

By Alexei Alexis • June 7, 2023

SEC sues Coinbase as federal crackdown on crypto continues

Coinbase was accused Tuesday of operating an unregistered national securities exchange, broker and clearing agency. The SEC also took aim at its staking-as-a-service program, a day after suing crypto firm Binance.

By Gabrielle Saulsbery • June 7, 2023

CFO-CIO teamwork key to IT spend results: Gartner

Digital investments tend to require a high level of collaboration due to their complexity and cross-functional nature, says Gartner analyst Emily Riley.

By Alexei Alexis • June 6, 2023

Many AI early adopters struggle for success: report

Only 45% of respondents said their organization’s AI investments have led to a successful business impact, a Boston Consulting Group survey found.

By Alexei Alexis • June 6, 2023

Cybercriminals target C-suite, family members with sophisticated attacks

A study by BlackCloak and Ponemon shows senior executives are being targeted for IP theft, doxxing and extortion, often through home office networks.

By David Jones • June 5, 2023

Chipmaker Broadcom joins generative AI gold rush

The chipmaker projects revenues related to generative AI will double in the next year even as it faces questions of possible business "cannibalization" by the tech.

By Grace Noto • June 2, 2023

Salesforce North America unit takes ‘brunt’ of revenue slowdown

The cloud software company’s revenue growth slowed in the U.S. during the first quarter of its fiscal year 2024 while expanding in other parts of the world, its CFO said.

By Alexei Alexis • June 1, 2023

CFOs should lead adoption of generative AI: Gartner

The rapid spread of generative AI has compelled top finance executives to weigh big opportunities from the new technology against its risks.

By Jim Tyson • June 1, 2023

Dwolla appoints new CFO following boost in partner ecosystem

The cryptocurrency, bank and card network alum will take on Dwolla’s CFO chair as the company, which also appointed two new members to its board, looks to capitalize on rising A2A payments demand.  

By Grace Noto • June 1, 2023