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Revolut US CFO aims for growth, maturity, with more ‘boots on the ground’
Getting the balance between agility and compliance right is crucial for the fintech as it looks to continue its expansion into key markets like the U.S., Revolut CFO Max Lapin said.
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CRM holds financial tech tool MVP spot, for now
While finance leaders surveyed currently value customer relationship management tools most, they expect buzzy GenAI to enjoy the highest future investment levels.
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Manufacturing slows as tariffs, policy shifts dim expectations: S&P
Inflation in both goods and services prices accelerated in March to the fastest pace in 23 months, hitting a 31-month high in manufacturing, S&P Global said.
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Former Zadeh Kicks CFO pleads guilty in $80M wire, bank fraud scheme
Both the former owner and ex-CFO of the now-defunct sneaker resale company face a maximum 30-year prison sentence and a fine of $1 million for conspiracy to commit bank fraud.
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Opinion
Closing carried interest tax loophole could drive predatory PE practices
The tax break incentivizes private equity firms to keep businesses for more than three years. Eliminating it could have unintended consequences, a private equity CEO writes.
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Economic data ‘point to headwinds ahead,’ Conference Board says
Economists at several organizations have recently warned of trade war risks and forecast slower economic growth this year.
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Ransomware attacks surged 50% in February: NCC
Attacks are on the rise even though law enforcement operations have continued to disrupt cybercriminal networks, according to NCC Group analysts.
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AI to become ‘increasing driver’ of growth: Adobe CFO
Adobe debuted several new AI-driven products ahead of its investor day, as the company seeks to reassure investors of the technology’s momentum and monetization potential.
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SEC to drop Ripple case
“I'm heartened that we have paved the way for other industry players to see the value in not backing down ... We are now closing a chapter in crypto history,” CEO Brad Garlinghouse said.
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Fed holds main rate steady, forecasts higher inflation, slower growth
“Growth looks like it's maybe moderating a bit, consumer spending moderating a bit, but still at a solid pace,” Fed Chair Jerome Powell said during a press conference.
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Corpay CAO steps up as CFO exits for nonprofit
Alissa Vickery is taking over as interim CFO as Tom Panther has left the company to become CFO of the National Christian Foundation.
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Deloitte, HPE team up to offer AI agents for finance teams
“We're transforming financial operations together and will be able to bring that experience to our joint customers," HPE CFO Marie Myers said.
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Etsy grants new CFO inducement stock award
The approved inducement grant comes as Etsy targets a stickier app experience as part of a strategy to reverse an ongoing trend of declining sales.
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CIOs, CFOs clash over tech ROI, innovation budgets
More CFOs describe tech spending as “excessive” than CIOs, one sign of friction between technology and finance leaders.
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Minnesota CPA pathways bills get warmer welcome amid momentum shift
Minnesota lawmakers previously drew opposition to proposed rules opening alternative paths to CPA licensure. Now a rising number of states are proposing similar legislation.
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SEC alleges cannabis CFO orchestrated $4.2M ‘round-trip’ accounting scam
The accounting fraud boosted the company’s year-end cash balance by more than 15%, to approximately $30.7 million, the SEC alleged.
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Affirm executive joins crypto firm Gemini as CFO
Dan Chen’s appointment could signal momentum in Gemini’s reported plans to conduct an IPO, coming as the crypto exchange closes the books on several regulatory actions.
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Data privacy fears erode consumer trust in digital services
More than eight out of 10 consumers globally have abandoned an online brand over the past 12 months out of concern for their privacy.
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ServiceNow CFO pledges M&A ‘discipline’ amid AI mega-deal
The enterprise software company is seeking to acquire AI startup Moveworks for $2.85 billion.
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Retail sales lag expectations after falling in January
A report of weak retail sales in February aligns with a 0.5% decline in overall consumer spending in January.
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Children’s Place taps Ralph Lauren alum as CFO
Ralph Lauren alum John Szczepanski will join the retailer’s leadership team as it struggles with liquidity concerns and looks to cut costs and pay down debt.
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US immigration policy could hurt off-price retailers
Burlington, TJX and Ross stand to benefit from tariffs and consumer angst, but one of their most important customer bases is under extreme pressure.
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AI project failure rates are on the rise: report
The share of businesses scrapping most of their AI initiatives increased to 42% this year, up from 17% last year, according to S&P Global Market Intelligence.
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CFOs combat near COVID-era disruption levels with hedging, FP&A
Amid rising challenges from the Trump administration’s on-again-off-again tariffs, finance chiefs are facing intensifying pressure to quickly assess and offset risk.
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Smarsh CFO keeps eye on strategic growth opportunities
Smarsh CFO David Brolsma expects to see M&A tick up for fintech this year, as changing trends make potential acquisitions more strategically attractive for businesses.