How Riverside sharpened up its wire approval process

Emails are no longer fit for purpose; we talk to the global firm's CFO about how it upgraded its processes.

Some significant news for Private Funds CFO: this week we welcome new editor Graham Bippart to the fold. You’ll be seeing and hearing a lot more from Graham in the future. In the meantime, CFOs and subject matter experts should feel free to contact him at

On the site today: the last in out tech tales mini-series. Emails are vulnerable; anyone who has done their cyber-risk training or clicked on a credible looking phishing email can attest to that. In this article we talk to Riverside CFO Bela Schwartz about how his firm looked at their system for internally approving wire transfers (email-based) and decided to upgrade. “It was hazardous,” says Schwartz of the old system, which often left him and other colleagues unsure as to who had kicked off the process.

Email prepared by Toby Mitchenall.