While perhaps not a direct concern for all corporate treasurers, improvements in the Trade Finance space, brought about by blockchain, could help in the areas of cash flow certainty.
Over the last few years, there has been a steadily increasing interest in blockchain technology. Where might blockchain have an impact on corporate treasury? One area is around international payments.
Cloud adoption rates are on the rise. But apart from cloud, which is often associated with the modernization of treasury technology, what are the other forms of innovation in store for treasury?
Due to ever-present cyberthreats, treasurers have been tasked with playing a greater role, in cooperation with the CTO, in understanding and mitigating cyber risks.
A recent FIS market study, Corporate Treasury – Rising to the Cloud, indicated that 81 percent of treasurers have already migrated, or are likely to migrate their treasury technology to the cloud.
The number of high-profile hacks reported in the media is increasing, and, when you consider that treasury typically handles the largest amounts of cash across an enterprise, as well as highly sensitive financial information, it’s no wonder treasury is on the front line against threats.
Regulatory risk is an ever-present, ever-changing part of risk management. Since 2008, however, we have seen a steep change in regulatory scrutiny as well as the costs and risks associated with non-compliance. Meanwhile, as corporations expand geographically, treasurers increasingly need to comply with multiple local regulations as well as international regulations.