Suman Bhattacharyya

Philadelphia

Business and Technology Reporter at Freelance

Business and technology reporter. Bylines @WSJ, @industrydive, @amerbanker and others.

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Articles

PwC cuts 2% of US workforce, citing ‘historically low’ attrition

1 week ago | cfodive.com | Suman Bhattacharyya

PricewaterhouseCoopers laid off about 1,500 employees this week, citing low turnover and the need to better align with client needs. “This was a difficult decision, and we made it with care, thoughtfulness, and a deep awareness of its impact on our people, appreciating that historically low levels of attrition over consecutive years have made it necessary to take this step,” a spokesperson for the Big Four accounting and consulting firm said in a statement sent to CFO Dive.
To Compete, Banking Tech Needs to Be Extensible

2 weeks ago | thefinancialbrand.com | Suman Bhattacharyya

Online Version: https://thefinancialbrand.com/news/banking-technology/to-compete-banking-tech-needs-to-be-fully-extensible-a-flexible-platform-is-key-188833Through extensible capabilities, community banks and credit unions can punch above their weight by connecting to modern third-party apps and features — without swapping out their core systems.
How Nonprofits Manage MacKenzie Scott’s Mega-Gifts: What the Data Tell Us

2 weeks ago | nonprofitquarterly.org | Suman Bhattacharyya |Aine Creedon

One-time large contributions to nonprofits, no matter the amount, can be perceived as risky because they’re not recurring and might leave a gap once the funds are spent. The likelihood of a financial cliff may prompt some organizations to prioritize a diverse base of backers over one-time contributions.
Tariffs put execs in ‘gray rhino’ risk territory

3 weeks ago | cfodive.com | Suman Bhattacharyya

Executives must “avoid failures of imagination” and prepare to deal with unexpected fallout from levies, a PwC trade expert said. President Donald Trump’s aggressive tariff stance and his April 2 levy barrage— which imposed, before later pausing, a 10% tariff on nearly all countries’ imports except China — has routed markets and shaken up global economic playbooks.
Work visas favored by big tech CFOs face more scrutiny, attorneys say

3 weeks ago | cfodive.com | Suman Bhattacharyya

With changes to work visa processing times coming amid the tightening of immigration policies by the Trump administration, U.S.-based companies looking to hire international talent must plan proactively, immigration lawyers say.
AI in Banking: Revolutionizing Customer Experience, Fraud Prevention, Quantitative Finance, and Operational Efficiency

1 month ago | americanbanker.com | Penny Crosman |Suman Bhattacharyya

Mike Abbott, global banking lead at Accenture, shared where he sees banks using the technology most effectively in the year ahead.
Inside the Federal Funding Freeze

1 month ago | nonprofitquarterly.org | Suman Bhattacharyya |Aine Creedon

It was 10:00 am on February 18, when the notification came in—a “stop work” order, directing the San Francisco-based Center for Gender and Refugee Studies (CGRS) to immediately cease its federally funded work of supporting advocates and lawyers guiding unaccompanied children through the immigration process. The implications for the nonprofit were immediate. CGRS was instructed by its contractor, the Acacia Center for Justice, to immediately cancel a volunteer training scheduled for that day.
Amid shifting views on ESG, investors retain climate focus: Berkeley Climate Summit

1 month ago | esgdive.com | Suman Bhattacharyya

This audio is auto-generated. Please let us know if you have feedback. Climate researchers and practitioners convened in Berkeley, California on March 11 for the Berkeley Corporate and Climate Summit, to examine the future of climate governance and reporting across industries and the challenges companies face.
How Banks Can Fight ‘Under the Radar’ Citizen Fraud

1 month ago | thefinancialbrand.com | Suman Bhattacharyya

Online Version: https://thefinancialbrand.com/news/banking-trends-strategies/how-banks-can-fight-under-the-radar-citizen-fraud-187527Citizen fraud — or fraud committed by customers who exploit glitches or inefficiencies in the banking system — is becoming a significant driver of first-party losses. A layered approach that combines technological capabilities with industry sharing efforts is the most effective way to fight it, analysts say.
Why AI startups aren't rushing to IPO

2 months ago | bizjournals.com | Suman Bhattacharyya

Listen to this article 7 minPrivate funding is abundant, but the pressure to refine business models — and one day prepare to go public — is increasing. Funding for AI startups just keeps surging, particularly in San Francisco, the industry’s red-hot epicenter. Together AI raised $305 million, Mercor raised $100 million … and then there’s the rumored $40 billion round SoftBank wants to invest in OpenAI.