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CFOs Failing Their Boards In Fraud, Risk Management

PYMNTS

According to Kyriba and researchers at CFO Research , who surveyed 167 financial executives at companies with up to $5 billion in annual revenue, there is a clear winner in terms of what the board of directors is most concerned about in terms of CFO responsibilities: fraud. ” Their concerns aren’t baseless, either. .

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Survey shows that tools with strong user experience are key to better risk management across the enterprise

Insights on Business

Either way, gaps persist in the ability of staff to use tools effectively, make risk-aware decisions and meet emerging requirements with up-to-date capabilities. The survey polled 106 senior risk, compliance, audit and legal executives at financial firms including banks (53%), insurance companies (21%) and asset management firms (12%).

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Accountants May Be Bucking The Innovation-Averse Trend

PYMNTS

A survey of 364 CPA companies, accounting professionals and small businesses found that 61 percent of respondents are “moderately confident,” and 32 percent are “very confident” in their outlook of the national economy. Instead, the majority actually said accounting software was the most important innovation in their industry.

Trends 108
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CFOs’ Risk Concerns Mushroom, But Cyberthreats Not In Focus

PYMNTS

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.

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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

The Fed’s latest Small Business Credit Survey , conducted in 2023 and released in 2024, found that nearly 60% of employer firms had sought financing in the previous 12 months. Fed survey data show that lower percentages have said they applied at small banks in each of the last three years. of their total assets in small-business loans.

Lending 195
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AI and generative AI use cases in banking: 6 real-world examples

Abrigo

Yet 30% of financial services leaders ban the use of generative AI tools within their companies, according to a recent survey by American Banker publisher Arizent. Stay up to date with free resources on managing risk and driving growth. Even if a financial institution isn’t yet using the technology, it can learn from peers.

Examples 221
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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

The Fed’s latest Small Business Credit Survey , conducted in 2023 and released in 2024, found that nearly 60% of employer firms had sought financing in the previous 12 months. Fed survey data show that lower percentages have said they applied at small banks in each of the last three years. of their total assets in small-business loans.

Lending 243