Bank risk has entered the building — creating a new normal for CFOs. In light of last month’s banking collapses, avoiding single points of failure has shot up the priority list for finance leaders across industries. “We’ve been really focused on controlling what we can...
The biggest U.S. bank failure since 2008 has emphasized the fundamental importance of best practices. That’s what a dozen top finance leaders across industries told PYMNTS during a series of interviews that took place in the weeks following the aftermath of the Silicon Valley Bank...
There’s nothing simple about growth, and there’s nothing basic about financial fundamentals. In light of ongoing macro challenges and a softening economic landscape, savvy chief financial officers (CFOs) are doubling down on protecting their balance sheets and prioritizing healthy growth that ensures profitability. That’s according...
One out of four people in France find themselves in overdraft every month, generating about €7 billion ($7.6 billion) in bank overdraft fees, said Louis Ajacques, co-founder at French HRTech firm Spayr. This situation, he added, is very common because advance salary payment, although a...
Santander Bank N.A. has partnered with DailyPay to offer an on-demand pay benefit. With this collaboration, Santander’s Commercial Banking clients in the United States can provide their employees with immediate access to their pay as they earn it, Santander Commercial Banking said in a Wednesday (April...
When things spiral out of control, CFOs need to have the proper controls. That’s according to Nathaniel Katz, chief financial officer at eCommerce software provider Rokt, who said during a recent interview for “PYMNTS CFO Series: What’s Different?” that having a strong risk management foundation and perspective “from...
The ongoing challenges of today’s macroclimate haven’t changed the conversation for CFOs. Rather, it has renewed how critical focusing on the fundamentals is for finance leaders. “You need to have eyes behind your head in this type of market and be fully aware of everything,”...
Dora Financial has launched a payroll payment system for businesses with independent contractors and gig workers. The new DoraPay enables more efficient management of 1099 payroll and the offering of employer sponsored benefits, the credit union service organization (CUSO) said in a Friday (April 14)...
Shared points of view that avoid single points of failure are helping CFOs accelerate growth. That’s according to Karen Hartje, chief financial officer at FinTech platform Sezzle, who emphasized during a conversation for “PYMNTS CFO Series: What’s Different?” that cross-departmental communication is critical for business...