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FD Today: March 11th 2022

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CFOs urged to modernise internal controls in preparation for UK audit reforms

Streamlining current internal audit capabilities can help reduce the compliance burden of the UK’s upcoming SOX style regime

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Russia-Ukraine war highlights the need for strong FX risk management

Idris Nagri

The surge in FX volatility following economic sanctions on Russia places a spotlight on the importance of effective FX risk management to protect corporate balance sheets

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Atom Bank CFO on shifting to a four-day work week

Aoife Morgan

David McCarthy, CFO at Atom Bank, spoke with Financial Director on his experience operating a four-day work week and its impact on productivity and efficiency

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What’s in store for March’s CFO Executive Dialogue

Aoife Morgan

Join us on March 10 for an exciting new offering designed for and by the finance community to come together for problem-solving and collaboration

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Video: Payments segment prioritising fraud prevention and New Payments Architecture

Nicholas Jennings

The payments segment is frequently and rapidly changing, from growing fraud prevalence, to the proposed New Payments Architecture, all within a dynamic and innovation-driven landscape. We spoke with two industry leaders, Myles Stephenson, CEO of Modulr and Mark Hoban, Chair of Pay.UK, about the trends, and future of payments. Modulr has enjoyed meteoric success, having been named the UK’s second fastest growing tech company by Dun & Bradstreet’s Accelerate 50. Offering API payments infrastructure, their tech enables customers to unlock efficient automation and embedded payments.The company has secured strategic partnerships with leading fintechs, Ripple and Revolut. Focused on expansion, Modulr has been granted Electronic Money Institution (EMI) licences from De Nederlandsche Bank (DNB) and the Central Bank of Ireland. The leading retail payments authority in the UK, Pay.UK is focused on enabling a dynamic economy and payments ecosystem, via delivery of infrastructure and standards. The New Payments Architecture is their latest initiative, focused on modernising the UK’s payments infrastructure to allow increased, faster payments. CxO Disruptors host Sandeep Saujani and the panel covered a lot of ground in part 2 of their conversation. Fraud in the context of identification and prevention is a priority for the industry, as well as increased collaboration, to reduce spiralling losses. On the flipside, we have a thriving payments segment, where innovation flourishes, thanks to dynamic regulatory policies. Catch the highlights below: Fraud identification and prevention - 00’19 The New Payments Architecture - 3’38 UK’s regulatory landscape – 5’57 Competition and innovation – 7’50 Future of payments – 09’00 Watch part 1 here.

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Resources

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Recovery and Growth Strategies in a High-Inflation Environment

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Preserving cash flow in a post-pandemic winter

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