EWA providers crusade against CFPB rule proposal

Earned wage access providers that backed state laws friendly to the industry are preparing for a fight over the Consumer Financial Protection Bureau’s plan to treat such payments like loans.

By Lynne Marek • Aug. 26, 2024

Target CFO says GenAI tool is boosting worker efficiency

The chatbot, which helps Target’s team members resolve on-the-job challenges, is making it easier and faster to assist customers, CFO Michael Fiddelke said. 

By Alexei Alexis • Aug. 22, 2024

Explore the Trendline➔

Digital transformation, one smart step at a time

As pricing pressures tighten margins and technologies like artificial intelligence evolve, finance chiefs are more closely scrutinizing the cost and returns of the tech tools they implement.

By CFO Dive staff

US M&A deal value jumped to $124B in July

A total of 141 U.S. deals were recorded last month, a 33% increase compared with June, according to EY data.

By Alexei Alexis • Aug. 21, 2024

Marqeta CFO eyes fintech ‘winners’ following mixed earnings

With the fintech sector maturing, the card issuing platform is turning its attention to capitalizing on rising opportunities in the space, CFO Mike Milotich said.

By Grace Noto • Aug. 21, 2024

US Bank doubles down on AR with Billtrust

The Minneapolis-based bank’s new offering seeks to accelerate the accounts receivable process  —  sometimes viewed as a laggard in the race to automate finance.

By Maura Webber Sadovi • Aug. 20, 2024

47% of US firms suffered data breach resulting in severe financial loss

The study comes as the global average cost of a breach has hit nearly $4.9 million this year, according to an IBM estimate.

By Alexei Alexis • Aug. 20, 2024

AI spurs widespread ROI confidence: KPMG

Companies “are moving from experimenting with the technology to really starting to put expectations on it,” KPMG’s Per Edin said.

By Alexei Alexis • Aug. 20, 2024

Applied finance AI: unlocking transformation across the office of the CFO

Early AI tools fell short for Finance. Next-gen applied, purpose-built AI solutions unlock true value and widespread adoption.

Aug. 19, 2024

Building constructive partnerships to drive digital transformation

Effective digital transformation today means making a much deeper commitment than just buying a new IT product or upgrade, AICPA’s Tom Hood writes.

By Tom Hood • Aug. 16, 2024

Walmart used AI to crunch 850M product data points and improve CX

“We're finding tangible ways to leverage generative AI to improve the customer, member and associate experience,” Walmart CEO Doug McMillon said.

By Bryan Wassel • Aug. 15, 2024

Cisco plans to cut 7% of workforce amid AI push

The tech giant is “shifting hundreds of millions of dollars” into artificial intelligence and other growth areas of its business, CEO Chuck Robbins said.

By Alexei Alexis • Aug. 15, 2024

Women rise to five-year high in CFO appointments

Accenture, Ford and Google parent Alphabet are among companies that have appointed women to top finance posts this year.

By Alexei Alexis • Aug. 14, 2024

M&A, vendor reliance help drive up ransomware threat: report

The financial severity of claims related to ransomware attacks increased more than 400% from 2022 to 2023, the study found.

By Alexei Alexis • Aug. 13, 2024

Bolstering the CFO-CRO relationship to ensure AI investment returns

The CFO and CRO can serve as a crucial duo as organizations face pressure to launch revenue-generating AI projects, writes MinIO CFO Mark Khavkin.

By Mark Khavkin • Aug. 13, 2024

Fractional experts, AI can ease pressures on ‘overextended’ finance teams

CFOs need to bring flexibility to overburdened finance teams to navigate economic headwinds, Paro’s Michael Burdick said.

By Grace Noto • Aug. 12, 2024

Flywire acquires Invoiced for $55M

By way of the latest deal, the software company seeks to further expand its international payments services for its business-to-business clientele.

By Tatiana Walk-Morris • Aug. 9, 2024

CFOs must act as data, decision-making center: Pigment

CFOs need access to a wide range of data to ensure they can react speedily to market challenges, Pigment CEO Eleonore Crespo says.

By Grace Noto • Aug. 8, 2024

AI prep is top challenge for companies drowning in ‘unstructured data’

The AI boom is forcing companies to consider data management upgrades, as some face budget constraints.

By Alexei Alexis • Aug. 7, 2024

CFO, CIO partnership key to bridge tech, talent gap: Workday

By taking point on technology initiatives, CFOs can shape the future of how their company leverages new solutions, Workday’s Terrance Wampler said.

By Grace Noto • Aug. 7, 2024

Warehouse robot momentum faces cost, ROI challenges

Companies that invest in the pricey technology may need to wait two to three years on average to see a return on investment, market analyst Ash Sharma said.

By Alexei Alexis • Aug. 6, 2024

KPMG aims to bolster tech consulting position in Rhino.AI deal

The combination will help companies modernize their legacy IT systems with “faster time to value” and lower costs, according to Rhino.AI.

By Alexei Alexis • Aug. 6, 2024

Insured loss impact could reach $1B following CrowdStrike outage

Guy Carpenter said it could be worse: Had the incident involved a ransomware attack, losses could have reached $2 billion.

By David Jones • Aug. 5, 2024

Big tech banks on AI boom as infrastructure spending heads for trillion-dollar mark

“While we're investing a significant amount in the AI space and in infrastructure, we would like to have more capacity than we already have today,” Amazon CEO Andy Jassy said.

By Matt Ashare • Aug. 5, 2024

Microsoft, Alphabet disappoint investors in latest earnings season

Wall Street is closely watching big tech companies to see if their heavy investments in artificial intelligence are paying off.

By Alexei Alexis • July 31, 2024

Startup focused on easing digital B2B payment pain points raises $9M

The move comes as digital payments among businesses are expected to surge in coming years, creating a complex new world with potential challenges for vendors.

By Alexei Alexis • July 30, 2024