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.
The integration of AI in workplace tools poses significant privacy risks, prompting businesses to reassess their compliance with client confidentiality obligations.
Geospatial technology firm DAS has launched a groundbreaking 3D mapping solution aimed at enhancing visualization of land for rural and regional property markets.
The Australian Government's suspension of mandatory AI regulations raises alarms for Electronic Frontiers Australia, which warns of risks to safety and rights.
Revolut has unveiled local EUR accounts for Australian customers, streamlining payments and enhancing financial management for businesses and travellers.
Endava formalises its partnership with OpenAI, joining the Beta Services Partner Program to advance AI-driven business transformation globally.
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.
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.
Kiteworks has unveiled its Private Data Network, designed to enhance security and compliance in sensitive data exchanges across digital channels.
Datadog plans its first data centre in Australia by mid-2025, responding to local privacy demands and expanding services to over 1,000 clients.
A new wave of user-governed AI is emerging in finance, allowing CFOs to enhance oversight and control while streamlining processes and improving accuracy.
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.
Virgin Atlantic launches 'AI Champion' apprenticeship for all staff, boosting AI skills across roles with support from education tech firm Cambridge Spark.
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.
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.
Beyond Key has clinched the National Export Excellence Award in India, acknowledging its significant contributions to global software exports and innovation.