Finastra Payments Report: Digital disruption comes to the Corporate Treasury

To date, corporate banking has been largely protected from full scale digital disruption. There are a number of reasons why this may be so.

First, regulations such as PSD2 have predominantly focused on retail banking, while the complexity of the financial supply chain and corporate banking processes have to some extent protected it from easy disruption. Second, the 2008 financial crisis had made businesses very aware of the importance of their existing banking relationships to properly finance their balance sheets and supply chains; making them wary of novelty. Third, while the global economy can withstand shocks to industries such as retail or transport, the wholesale disruption of banking threatens instability on a potentially disastrous scale.

Recently, however, the effects of the digital revolution are beginning to be seen across the banking sector; including in the corporate treasury function.

During this webinar, our panel of experts will discuss some of the interesting findings from Finastra’s research into the views of corporate treasurers in EMEA and what these findings mean for banks. The session will cover the following discussion areas:

• Corporate treasurers are playing a more strategic role in their business. What does this mean for the treasury departments at the banks that serve them?
• What benefits are there for corporate treasurers from real-time payments (e.g. cash and liquidity management)? Will Real-time payments prove transformational?
• Pioneers are looking to embrace advanced technologies like AI and machine learning and blockchain-based services. Meanwhile, cloud maturity is increasing, putting in place a good foundation for further disruption. Has digital disruption finally come to the treasury? What are the key opportunities/challenges for corporate treasurers around emerging technologies?
• As corporates seek innovation, they are looking to leverage open APIs to drive down costs and enable them to source services from non-bank providers. Are we heading to a future where banks and partners operate in consortia to offer treasury services?

Moderated by:

Anders Olofsson
Head of Payments
Finastra

Panelists:

Peter Hazou
Director, Business Development, Financial Services
Microsoft

Tony McLaughlin
Managing Director, Emerging Payments and Business Development, Treasury and Trade Solutions
Citi

Austin Clark
Editor The Global Treasurer