Efficient payments: MyBank, a strategic ally for CFOs

The role of the Chief Financial Officer (CFO) has evolved significantly. Today more than ever, CFOs face a multitude of challenges ranging from cost management to process optimization, alongside the need to adopt innovative technologies that ensure security, efficiency, and regulatory compliance. Within this context, managing corporate payments is a critical area where any inefficiency or risk can directly impact the financial health of the company.

This article analyzes: 

• The main current challenges for CFOs 
• Digital payments as a critical factor in financial management 
• The benefits MyBank offers CFOs as a payment solution 
• Concrete use cases

Emerging challenges for CFOs: balancing optimism and complexity

Three out of four CFOs anticipate double-digit revenue growth in 2025 [1]. However, this optimism coexists with a landscape marked by geopolitical instability, cost pressures, talent acquisition and retention difficulties, and increasing regulatory and technological complexity.

Across the EMEA region, CFOs are particularly focused on: 

• Cost reduction and optimization: controlling expenses without compromising operational efficiency. 
• Improving financial forecasting accuracy: a top priority for 83% of CFOs in EMEA, reflecting economic uncertainty that has made predicting financial outcomes more challenging. This emphasis on enhancing forecasting capabilities shows that while CFOs remain confident, they are also mindful of market volatility risks and are actively working to mitigate them. 
• Digitalization and transformation of financial processes: to increase speed and accuracy in operations. 
• Strategic outsourcing: to focus on core activities and access specialized skills and technologies.

These elements outline a landscape in which the CFO is no longer merely a financial manager but a true architect of corporate strategy and a master orchestrator of digital and regulatory transformation. With vision and precision, the CFO harmonizes technological innovation, sustainability, and compliance, ensuring that every process—from resource allocation to the efficient management of payments—contributes to building a robust and resilient enterprise capable of maintaining liquidity, mitigating risks, and fostering stable, long-term growth.

The complexity of digital payments: a critical node in financial management

Digitalization has radically transformed how companies manage payments. The availability and adoption of new payment methods have expanded opportunities but also introduced new challenges.

CFOs today must ensure that payment systems: 

• Are secure and compliant with European regulations (GDPR, PSD2, AML). 
• Enable efficient and transparent management of financial flows. 
• Support reduction of credit risk and fraud. 
• Allow automatic and accurate reconciliation, reducing errors and processing times. 
• Are flexible and scalable, ideally without limits on amount or channel.

In this context, choosing the right payment methods becomes a strategic lever to optimize working capital, improve liquidity, and support business growth.

MyBank: the digital payment solution that meets CFOs’ needs  

MyBank is a digital payment solution based on an irrevocable bank transfer with immediate confirmation, allowing companies to collect payments securely and quickly. With this pay by bank scheme-based method, customers pay directly through their bank’s online banking service via a fully pre-filled transfer, with no need to activate new services or register anew. Supported by an ecosystem of over 400 banks and payment service providers, MyBank offers tangible benefits for financial management and integrates seamlessly with business processes.

Key features of MyBank that address CFOs’ needs across sectors include: 

• Immediate certainty of collection: transactions are irrevocable and confirmed in real time, eliminating risks of chargebacks. 
• No limit  imposed by the scheme on payment amount: unlike many digital payment solutions, MyBank’s scheme imposes no maximum limits, ideal for medium to high-value transactions. 
• 100% automatic reconciliation: thanks to the pre-filled transfer, payment data is precise and unmodifiable, facilitating accounting reconciliation and reducing manual errors. 
• Availability 24/7, 365 days a year: enabling collections at any time, improving cash flow and forecasting accuracy. 
• Reduced processing costs: by eliminating intermediaries and complex fee structures, MyBank helps contain operational expenses. 
• Regulatory compliance: aligned with GDPR, PSD2, and AML, ensuring security and transparency. 
• Easy integration: seamlessly integrates with ERP and management systems without requiring complex infrastructure.

Concrete benefits for CFOs: efficiency, security, and control

Adopting MyBank translates into tangible benefits for financial leadership: 

• Optimized working capital: immediate certainty of collections improves liquidity and enables more precise cash flow planning. 
• Reduced credit risk: irrevocable payments eliminate uncertainties and potential losses. 
• Increased average invoice/receipt amount: the absence of payment limits imposed by the scheme combined with ease and speed encourages larger purchases. 
• Greater transparency and control: automatic reconciliation and precise data facilitate monitoring and financial reporting. 
• Operational efficiency: reduced processing times and administrative errors result in resource savings. 
• Support for digital transformation: MyBank fits seamlessly into digitalization plans, integrating with emerging technologies and enhancing end-to-end processes.

Use cases: success stories with MyBank adoption

Many leading companies have integrated MyBank into their payment processes, experiencing significant benefits aligned with CFO priorities. In particular, the immediate and irrevocable payment confirmation has optimized cash flows, shortened collection times, and improved internal financial resource management.

For instance, Aquila Energie, a leading fuel distributor with over 77 service stations in central Italy, uses MyBank to monitor payments in real time for fuel deliveries, minimizing credit issues and delays, and significantly optimizing collection processes. This operational efficiency also enhances customer and partner experience through a simple, transparent, and reliable payment system. Valentina Muraglia, CFO of Aquila Energie, noted that MyBank “accelerates and secures payment operations, helping to consolidate trust between parties.”

Similarly, Mercedes-Benz Financial Services has leveraged MyBank to digitalize and automate administrative processes. Eugenio Di Vita, Accounting & Treasury Manager for Italy, confirmed that MyBank enabled end-to-end automation (client – bank – dealer), eliminated rollback risks, and provided immediate confirmation of irrevocable payments.

VIM, Italy’s eighth largest company in the pharmaceutical distribution sector, has benefited from 100% automatic reconciliation made possible by precise and unmodifiable payment data, drastically reducing accounting errors and freeing financial staff for higher-value tasks.

Additionally, the ability to securely collect payments without amount limits imposed by the scheme has improved working capital and forecasting capacity for companies such as Grimaldi Lines, a leading Mediterranean passenger transport brand.

These examples demonstrate that MyBank is not just a payment tool but a strategic ally for CFOs aiming to successfully navigate today’s financial and operational challenges.

Conclusion: MyBank, a strategic ally for CFOs

In 2025, CFOs must be leaders who combine strategic vision, rigorous control, and innovation capacity. Managing corporate payments, with its implications on liquidity, security, and compliance, is a critical challenge.

MyBank emerges as a concrete and reliable solution addressing CFOs’ most pressing needs. Thanks to immediate payment certainty, automatic reconciliation, absence of amount limits imposed by the scheme, and regulatory compliance, MyBank enables process optimization, cost reduction, and improved forecasting.

Adopting MyBank means equipping the finance function with a tool that not only simplifies payment management but also becomes a key enabler for growth and competitiveness in an increasingly digital and complex market.

[1] 2025 Global CFO Report by FTI Consulting