With more factors forcing organisations to change, corporate treasuries are increasingly cooperating to benefit from globalisation and critical mass, according to a survey conducted by Nordic Financial Systems. The survey was carried out in response to the growing demand by corporate treasurers to develop and maintain areas of the operations internally, in order to help the treasury expand globally. Magnus Lind, CEO at NFS, explained: ‘The survey highlights the enormous change the corporate treasury industry is currently experiencing. Information technology has reached a level of standardisation and maturity and is expected to play the role of facilitator in the organisational change of corporate treasuries.’ The survey revealed three key findings; that corporate treasuries are cooperating to benefit from increased efficiency and reduced costs; that there is no single solution for corporate treasuries faced with organisational change; and that banks are reluctant to only supply funding. The study also found that treasuries find they have more synergies with each other than they do with other group functions within their own organisations.
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