Finance stories

From 1 Jan 2025, Australian CbCREs must use ATO's streamlined LCMSF V 4.0 for local file reporting, enhancing consistency and risk detection in tax compliance.

A study reveals 71% of global CFOs struggle to monetise AI despite recognising its critical role, with only 29% having effective revenue models in place.

Lattica exits stealth with $3.25m in funding to pioneer practical Fully Homomorphic Encryption for secure, cloud-based AI in sensitive sectors.

Finance leaders in Australia and New Zealand are adopting AI for efficiency but miss growth potential due to limited collaboration between finance and IT teams.

Tempo appoints Jenny Decker as new CFO, leveraging her 15+ years in SaaS to steer global finance and operations from San Francisco.

Virgin Atlantic launches 'AI Champion' apprenticeship for all staff, boosting AI skills across roles with support from education tech firm Cambridge Spark.

As employee spending habits shift due to hybrid work, finance teams must leverage AI to modernise spend management and mitigate growing financial risks.

Oracle has revealed that major engineering firms including Black & Veatch and WSP Global are using its Fusion Cloud Applications to boost operational efficiency.

Google Cloud is expanding in Canada with a strong focus on AI, data sovereignty, and local partnerships, looking to serve a diverse range of sectors.

The integration of AI in workplace tools poses significant privacy risks, prompting businesses to reassess their compliance with client confidentiality obligations.

Kiteworks has unveiled its Private Data Network, designed to enhance security and compliance in sensitive data exchanges across digital channels.

Geospatial technology firm DAS has launched a groundbreaking 3D mapping solution aimed at enhancing visualization of land for rural and regional property markets.

Payhawk has unveiled the AI Office of the CFO, a new suite of AI agents aimed at enhancing finance teams' efficiency by automating critical tasks.

Datadog plans its first data centre in Australia by mid-2025, responding to local privacy demands and expanding services to over 1,000 clients.

The Australian Government's suspension of mandatory AI regulations raises alarms for Electronic Frontiers Australia, which warns of risks to safety and rights.

A new wave of user-governed AI is emerging in finance, allowing CFOs to enhance oversight and control while streamlining processes and improving accuracy.

Revolut has unveiled local EUR accounts for Australian customers, streamlining payments and enhancing financial management for businesses and travellers.

Beyond Key has clinched the National Export Excellence Award in India, acknowledging its significant contributions to global software exports and innovation.

A recent survey by Gartner indicates that only 37% of teams using traditional AI see productivity boosts, with generative AI trailing at 34%, sparking concerns among CFOs.

Senior leaders in marketing are urged to embrace a fail-fast mentality, breaking down silos and proving marketing's impact on business, says a CFO expert.