Fact. Your CFO is losing sleep at night because he or she is worried about your organization’s financial reporting processes.
In the world of payment processing, treasurers and finance managers have benefited significantly from faster, more secure systems that have allowed for leaner and more progressive business processes. However, the waves of regulations in financial markets have led to tighter and stricter procedures.
The first half of 2018 sees the implementation of two major pieces of regulation – the Payment Services Directive (PSD2, which went live in January 2018) and the General Data Protection Regulation (GDPR, going live in May 2018), both laying important foundations to pave the way for a better and brighter digital economy.
A significant amount of resources go into the actual calculation of forward cash flows, including both objective and subjective analysis of the cash flow statement, that a number of companies have brought sophisticated cash flow forecasting software to market to provide organisations with the ability to more quickly and easily assess cash flows.
While many still think the banking sector is characterised by legacy systems and lack of innovation, this could not be further from the truth. 2018 marks the year when a multitude of external factors will shake up the industry once and for all and reinvent the way people bank. Inevitably, this presents a threat, but also an opportunity.
Cryptocurrencies have not failed to write headlines since their recent beginnings. And with more and more attention being directed their way, both private and corporate investors are considering their potential.
If history has taught us anything, it's that nothing turns out the way it was thought it would: the Titanic never arrived, a certain president became president and the great warrior Attila the Hun died the glorious death of a nose bleed.
Bank of Ireland has announced that Sean Crowe, group treasurer, will take up the role of chief executive of markets & treasury.
Hitachi Capital UK announced the appointment of John Shiels as its new chief risk officer. In his new role, Shiels will lead Hitachi Capital UK’s second line risk function and his responsibilities include overseeing the assessment and mitigation of risk across all business channels.
The treasury department has long guided the firm’s strategic agenda. If anything, the importance of the treasury function has grown more pronounced