LOS ANGELES, Feb. 26, 2026 (GLOBE NEWSWIRE) -- BlackLine, Inc. (Nasdaq: BL), the future-ready platform for the Office of the CFO, has announced the winners of its 2025 Global and Regional Partner Awards, celebrating firms that have shown exceptional dedication to customer success, innovation, and transformative growth. This year’s honorees are recognized for their deep expertise, strong collaboration, and commitment to setting new standards of excellence in finance transformation. “Our partners play a vital ...

“It isn’t just that people are passing off AI as their own work; they're also poisoning the corporate well by relying on AI slop,” said Nick Misner, COO of Cybrary, an Atlanta-based cybersecurity professional development platform. “While AI accelerates the speed at which we can code, it’s introducing more debt and security vulnerabilities into the organization.”--- More than half, 57%, are making mistakes in their work because of unchecked AI use, and 53% are concealing their AI use entirely, presenting AI- ...

Quick Read AI Will Replace Many Jobs People Will Try To Get New Training Some People Will Never Find A Job Again A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. There are several grim assessments about how many jobs AI will eliminate in America. Large consulting firms say they will not hire people without AI experience. Accenture and KPMG say promotions will be based on whether people can use their ...

In today’s CEO Daily: Diane Brady on what keeps a “Ghost GDP” scenario from becoming reality. The big leadership story: There may be a Ghost in the future economy, but for now there’s ‘betrayal,’ says KPMG’s top economist. The markets: European markets drop as Trump’s tariffs take effect at 10%. Plus: All the news and watercooler chat from Fortune. Good morning. What’s the prognosis for the economy if AI turns out to be fantastic for profits and disastrous for demand? That’s the scenario explored in ...

IDFC First Bank shares were trading broadly flat on Tuesday morning, a day after the stock crashed nearly 19 per cent, with the scrip at ₹70.16 on the NSE as of 10.22 am, up just 0.17 per cent from Monday’s close of ₹70.04. The stock opened at ₹69.89, touched a high of ₹70.83 and a low of ₹69.20, with buy and sell quantities nearly balanced at 48.5 per cent and 51.5 per cent, respectively, a sharp contrast to Monday’s around 85 per cent sell-side dominance.Traded volume stood at around 804 lakh shares with ...

Bosses have long warned staffers who are slacking in AI adoption that they will get overtaken by their tech-savvy coworkers—and now, having the skill can make or break a career. Consulting giant Accenture just told its associate directors and senior managers that they need to consistently use its AI tools in order to be considered for high-level promotions, according to a recent Financial Times report. The Dublin-based company already started monitoring the weekly AI tools log-ins of some of its senior ...

Core Viewpoint - The ₹590-crore fraud involving Haryana Government accounts is attributed to collusion between IDFC Bank employees and external parties, with the bank's management indicating that the impact on profits will be minimal due to strong net interest margins and credit costs [1][2]. Group 1: Fraud Details - The fraud amount is pegged at ₹590 crore, which includes ₹490 crore identified through reconciliation and an additional ₹100 crore self-identified through internal checks, with no expectation of the amount increasing [4]. - The fraud is described as a case of collusion involving forged physical cheque transactions, confined to one branch and one client group, with no system reporting error identified [5]. - The bank has filed police complaints, informed regulators and auditors, and initiated recovery actions across the banking system [6]. Group 2: Financial Impact - The bank's deposits from the Haryana Government account constitute about 0.5% of total deposits, while overall government deposits make up 8-10% of the deposit base [6]. - Despite the fraud, the bank reported a 24% increase in deposits and a 48% rise in net profit to ₹503 crore for the quarter ending December 31, 2025 [7]. Group 3: Audit and Recovery - An independent forensic audit by KPMG is expected to conclude in 4-5 weeks, with the bank having appointed KPMG recently [3]. - Recoveries and "employee dishonesty insurance" coverage of ₹35 crore could mitigate the impact of the fraud on the bank [5].

Core Viewpoint - A suspected fraud of approximately ₹590 crore at IDFC First Bank has led to a multi-agency investigation, a forensic audit, and a significant decline in investor confidence [1][20]. Incident Trigger - The situation was revealed on February 18 when the Haryana Finance Department issued a circular de-empanelling IDFC First Bank and AU Small Finance Bank for government business, instructing all departments to cease routing funds through these banks and close their accounts [2][5][20]. Discrepancies and Internal Review - Following the circular, discrepancies were noted between the bank's recorded balances and those reported by a Haryana government department during an account closure request [7][20]. - The bank's regulatory filing on February 22 indicated unauthorized and fraudulent activities by certain employees at a Chandigarh branch, specifically involving government-linked accounts [8][20]. Regulatory and Internal Actions - The bank has suspended four employees pending investigation and initiated disciplinary, civil, and criminal proceedings against involved parties [11][20]. - A forensic audit has been commissioned, with KPMG appointed to investigate the discrepancies and identify control failures [13][20]. Recovery Efforts - The bank has requested beneficiary banks to place liens on suspicious account balances to prevent withdrawals and facilitate potential recovery of funds [14][20]. - The final loss figure will depend on the recovery of the estimated ₹590 crore through these measures and legal processes [15][20]. Market Reaction - The disclosure resulted in a sharp decline in IDFC First Bank's shares, falling by up to 20% in a single session, leading to a loss of approximately ₹14,438 crore in market capitalization [16][20]. - The scale of the suspected fraud exceeds the bank's net profit of ₹503 crore for the December quarter [16][20]. Financial Impact Estimates - Brokerages have provided varying estimates of the financial impact, with UBS estimating a 22% hit to FY26 profit after tax and Morgan Stanley projecting a 20% reduction in FY26 profit before tax [17][20]. Management's Response - The bank's CEO, V. Vaidyanathan, described the incident as isolated and not indicative of systemic failure, emphasizing that necessary controls are in place [18][20]. - He reassured stakeholders that the bank remains well-capitalized and expects the financial impact to be manageable, with no significant effect on profits anticipated [18][20].

The ₹590-crore fraud involving Haryana government accounts is the result of a collusion between employees of the IDFC Bank and external parties, its Managing Director and Chief Executive V Vaidyanathan said on Monday. In a specially convened call for investors and analysts ahead of opening of the equity markets, Vaidyanathan said the bank will take some provisions as a result of the fraud and in line with its policies to recognise any stress upfront.Also read However, the same is unlikely to have a major im ...

IDFC First bank has filed police complaints, informed regulators and statutory auditors, and begun recovery measures.The Rs 590 crore fraud linked to Haryana government accounts stemmed from collusion between certain IDFC First Bank employees and outside entities, Managing Director and Chief Executive Officer V. Vaidyanathan said on Monday.Speaking during a special call with investors and analysts before the equity market opened, Vaidyanathan said the bank would make provisions in accordance with its policy ...