NEWS
28 % of CFOs plan to diversify deposits across more banks after recent failures
More than one in four CFOs said they plan to diversify their deposits across more banks after recent high-profile bank failures , according to Gartner . The company polled over 250 CFOs and senior finance leaders on their responses to recent bank failures and financial sector instability .
The top actions among CFOs following the failures include educating their boards on current risk exposures and assessing the risk and viability of current funding sources .
“ The data shows that CFOs are clearly concerned about second and third-order effects from this unfolding banking crisis ,” said Alexander Bant , Chief of Research , in the Gartner Finance practice . “ While the immediate risks may have been stemmed by swift government action , CFOs are rightly assessing potential impacts to their own funding and that of their customers and suppliers . About one-third of CFOs are taking immediate action to reduce risk and ensure the viability of financing their organisations . CFOs have a short window to ensure the security of their assets , payments and funding in case things deteriorate further across the banking sector .”
The majority of CFOs ( 85 %) expressed concern about the impact of bank failures on their current operations , while 18 % noted they had some level of exposure to one of the failing banks . The top actions CFOs are taking , or planning to take , including assessing their own funding sources for risk , educating the board on potential exposures and evaluating customer exposure and payment risks .
IXOPAY and Forter partner to block fraud and maximise customer lifetime value
IXOPAY has announced a new partnership with Forter to deliver accurate , real-time decisions about customer trustworthiness . The instant , automated fraud decisioning from Forter will help IXOPAY merchants accelerate revenue , strengthen customer experience and drive business impact .
As fraudsters become increasingly more sophisticated , identifying genuine customers from bad actors has become a challenge for merchants everywhere . Unfortunately , in an effort to curb fraud , many merchants are falsely declining legitimate transactions . Estimates indicate that for every dollar lost to fraud , the average business loses US $ 30 from false declines .
The Forter-IXOPAY partnership addresses this challenge by making precise decisions about customer trustworthiness at critical interactions , simultaneously blocking fraud while maximising genuine customer experience and lifetime value . Forter ’ s solution integrates directly into IXOPAY ’ s payment orchestration platform via a central application programming interface ( API ), bringing merchants the power of Forter ’ s massive network of online retailers quickly , efficiently and without additional implementation effort .
The IXOPAY platform provides the complete management of the payments transaction life cycle . The independent Software-as-a-Service ( SaaS ) solution monitors transactions in real-time , consolidates data in one place and enables optimal checkout scenarios with connections to local , international and alternative payment methods ( APMs ), as well as risk checks to improve conversion rates and lower fraud .
10 www . intelligentfin . tech