Ransomware attacks surged in 2024

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Read more: Digital Evolution of Finance Function Sees CFOs Embracing Cyber Duty Data from the most recent Uncertainty Project report by PYMNTS Intelligence, Middle-Market CFOs Tag Competitive Positioning Among Top Drivers of Uncertainty, sheds light on the priorities and concerns that are top of mind for CFOs, particularly those in the middle market. While the word compliance often conjures up images of paperwork and red tape, 2024 reframed it as a strategic opportunity. As regulatory frameworks for cryptocurrency and digital assets like stablecoins gained further clarity, finance leaders saw a potential opening to innovate.

After all, the rapid digitization of finance hasn’t phone number lookup indonesia come without risks. . For CFOs and treasurers, this meant elevating cybersecurity to the top of their agendas. Cybersecurity, ultimately, is no longer an IT problem — it’s a finance problem. CFOs have found themselves hiring technologists fluent in AI and data analytics, while simultaneously upskilling existing teams to thrive in this new environment. Read more: 4 Ways CFOs Are Steering Around Challenges and Ahead of Competitors What’s Next for CFOs and Treasurers? Innovations like embedded finance may have started as buzzwords, but in 2024, they became revenue generators and differentiators for businesses and finance teams.

By integrating finance solutions directly into their ecosystems, companies unlocked new ways to engage customers and streamline transactions. The PYMNTS Intelligence report, Embedding Transformation: Solving Critical AP Challenges With Embedded Payments, done in collaboration with Finexio, found that 64% of small- to medium-sized businesses face delayed payments, underscoring the need for businesses to rethink their payment processes and consider solutions that integrate into their existing systems. Echoing this sentiment, the industry executives PYMNTS spoke to for the monthlong event, B2B Payments: Outlook 2030, all agreed on one thing: Finance leaders can move beyond traditional cost savings and extract more value from payments as an engine for growth.