To counter major cyber threats, Danmarks Nationalbank is pioneering an offline emergency payment system. This article appears in the July/August issue of Global Finance Magazine. Danmarks Nationalbank, the Danish central bank, has launched a financial systems security project to establish a Dormant Emergency Bank (DEB) to serve as a robust reserve bank in the event…
Income stability matters more after retirement than most people realise during their working years. A younger investor can wait, adjust, postpone, and earn again. A senior citizen usually wants income that arrives on time, capital that is not constantly disturbed, and paperwork that is manageable. This is why the Senior Citizen Saving Scheme and fixed…
Most generative AI projects in finance fail. Here’s what it means for CFOs and their future hires. Mid-market finance chiefs aren’t hiring like they used to. A Gartner survey of more than 300 finance executives shows that while companies are pouring more money into artificial intelligence tools, the share of CFOs planning to expand headcount…
A letter from the IRS lands in your mailbox. Your stomach drops before you even open it. For most people, that moment is the first real signal that tax problems aren’t going away on their own. But not every tax issue needs a lawyer. Sometimes a good accountant handles things just fine. So how do…
A leading Nordic bank and a quantum startup team up on an AI research unit in Helsinki. This article appears in the July/August issue of Global Finance Magazine. OP Pohjola and Finnish fintech Qutwo Oy are launching a joint quantum computing and AI research unit in Helsinki, aiming to bring quantum-ready artificial intelligence tools to…
By Nathaniel Rowe The conversation around wealth has changed. For years, many investors built their financial lives around a familiar mix of domestic property, public markets, retirement accounts, and business income. That approach still has value, but it is being tested by a more uncertain world. Inflation, higher borrowing costs, political volatility, housing affordability pressures,…
Finance leaders are taking over operations—and the new COFO role isn’t a simple shortcut. There’s a new acronym roaming the C-suite. The so-called COFO — a hybrid chief operating and financial officer — is more common than ever, marking a structural shift in how companies are deciding who runs the business. But the combined role…
It’s a well-known fact that accountants and finance experts are a very detail-oriented group of people. This is to say that such individuals are scrutinizers by nature. This means that, even when such individuals are reviewing their own work, it is usual for them to scrutinize every detail of said work in search of errors…
Jim Ovia steps down as Zenith Bank chairman after 36 years, passing the torch to CEO Adaora Umeoji. When Jim Ovia founded Zenith Bank in July 1990 at age 38, with NGN 20 million (then about $2.5 million) in capital, Nigeria already had a rich history of indigenous banking institutions. National Bank of Nigeria (1933),…
Federal employees face a retirement challenge unlike any other workforce. Their benefits split across three separate systems: a pension, a mandatory Social Security layer, and a defined-contribution savings plan. Each system has its own rules, deadlines, and calculations. Most private-sector workers manage a single 401(k). Federal employees, by contrast, must coordinate a pension formula, an…