In the past, a CFO served as the reigning authority on accounting and finance. They ensured accuracy and timeliness of financial reports, advised financial planning, and used their knowledge of company standing to evaluate financial strengths and weaknesses.
The FinTech revolution has shaken up the traditional role of a CFO. As their role begins to extend beyond finance, they are beginning to tackle risk management. CFOs are also facing new challenges, like working to find and retain strong talent for their teams. Most importantly, CFOs are now expected to lead the charge into the world of automation.