Research shows that 41% of businesses are unable to complete the monthly close process within six business days — making for a stressful end to every month and consistently deprioritizing strategic projects like financial planning, budgeting, forecasting and performance reporting. Inefficient manual processes contribute to these lengthy closing timelines and absorb valuable hours from finance…

From a prosecutorial perspective, the Justice Department’s aggressive pursuit of Sam Bankman-Fried for financial fraud has been brutally efficient. His conviction came a year to the day after the public first learned that there could be serious problems with the finances at his cryptocurrency exchange FTX, and it generated a wave of public interest and…

The world of finance is at a crossroads with AI. A recent survey by Gartner highlighted a significant gap between the potential of AI in finance and its current utilisation: 61% of finance functions are either not planning or are only in the initial stages of AI implementation, trailing behind other administrative functions such as…

DeliveryThis report comes in PPT. Key findings Pandemic boosted e-commerce, while border reopening stimulates travel/ migration Cross-border retail e-commerce witnessed more than 25% year-on-year growth, thanks to border restrictions during the pandemic. From 2022 to 2023, along with scrapping of travel restrictions, travel and migration have been recovering, motivating financial institutions to roll out new…

Charlie Financial Inc., a senior-focused banking startup in Pasadena, on Oct. 31 announced $16 million in series A funding and $7 million debt financing. That’s more than double the initial funding of $7.5 million in May and comes less than six months after launching.A week later the company launched FraudShield, a suite of features Charlie…

Shares of Mufin Green Finance rebounded more than 4 per cent from day’s low on Monday. The multibagger stock has been hogging the limelight at Dalal Street after delivering stellar returns to investors in the various time frames.Mufin Green Finance’s net profit almost doubled in the September 2023 quarter. The company’s bottomline came in at…

Hong Kong’s financial secretary has highlighted the city’s “institutional and locational advantages” at a retreat with his international counterparts on the first part of his trip to the United States for an Apec summit.

German wholesaler Metro AG has announced the appointment of Eric Riegger as its new chief financial officer, effective 1 February 2024. Currently, Riegger serves as the vice president of finance and administration at Aldi USA, responsible for the finance department, M&A, projects and human resources. Commenting on the appointment, Jürgen Steinemann chair of the supervisory…

Hong Kong hopes to bring US companies to the city and broaden its “network of friends,” finance minister Paul Chan has said during an Asia-Pacific Economic Cooperation (APEC) summit in San Francisco. Financial minister Paul Chan on October 25, 2023. Photo: Kyle Lam/HKFP. Escalating geopolitical tensions, high interest rates, and macroeconomic uncertainties hd given rise…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Poland’s opposition has urged the outgoing rightwing administration to delay appointing the next financial regulator to avoid burdening expected new premier Donald Tusk with hangovers from the previous government. “We believe the outgoing government should now not…