More than half of treasury departments do not utilize a treasury management system according to a study released recently by Treasury Strategies, Inc. Given the real benefits that can be achieved from effective treasury technology, there is significant opportunity for productivity improvements in the treasury arena, the consultancy said. The survey also revealed that cash flow forecasting optimization is a focus for two out of three treasury departments. Treasury Strategies said that, as a result of the current economic climate and liquidity constraints, many corporations have placed a much greater emphasis on improving their cash forecasting capabilities. More than half of the treasury departments surveyed find risk management (both operational and financial) to be a key issue, with many admitting that they are still working to address FAS133 requirements.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more