Building Community Together
towards a tech-smart treasury
Building Community Together
towards a tech-smart treasury
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The Treasury of Tomorrow
Welcome to our new team members – the robots

While technology brings tremendous benefits in terms of innovation and productivity, it also causes concern on whether the digital workforce will cannibalize the human staff. According to a World Economic Forum Report, over the period 2015-2020, a total of 7.1 million jobs will be lost. Read more

A Turning of the Technology Tide
Recent conferences show signs of a healthy shift from technology hype to pragmatic solution focus. Blockchain hype is giving way to practical implementation. Terminator style AI is giving way to more modest but still world changing machine learning (ML). Fast payments and open banking are spawning bank connectivity APIs but standards are conspicuously missing. Read more

Payments innovation for financial inclusion
Financial inclusion enables and empowers people and communities, and can help drive economic growth by bridging economic opportunities and outcomes. Increasing financial inclusion for individuals and small businesses is an objective for policymakers, governments, banks and corporations alike. Payment innovations such as mobile money solutions have proved a catalyst for greater financial inclusion over recent years, but there is no ‘one size fits all’ solution, and challenges and complexities remain. Continued progress in mobile money, and by extension financial inclusion, requires greater cooperation on multiple fronts, involving governments, regulators, telecoms, banks and fintechs. Read more

Virtual Accounts: Real-life benefits in real-time
Proliferation of bank accounts, unreconciled suspense entries and fragmented liquidity are challenges for both domestic and international corporations. Virtual accounts, connected with automated liquidity management structures, provide a scalable way for treasurers to automate processes, rationalise bank accounts and simplify liquidity management. This becomes increasingly important as cash and liquidity management is increasing conducted in real-time. Read more

Risk Management Need Not Be Expensive: 8 Tips for Treasurers
Risk is a necessary evil that treasury and finance executives have to deal with in today’s complex and highly-integrated world. Generally speaking, risk can be categorized into two types: Type I risk describes the likelihood that a company will suffer losses as a result of pursuing a financial reward—business risk. Type II risk describes the likelihood that a company will suffer losses as a result of not taking sufficient actions to mitigate the impact of unfavourable events—country risk, FX risk, bank failure, etc. In this article, we will look into some practical actions that treasury and finance executives can take to protect their company against the impact of Type II risk without breaking the bank. Read more

FinTech – The Disruptive Technology Coming to Treasury
The financial services industry is encountering an unprecedented challenge from a technology revolution brought by a global army of financial technology (FinTech) companies, many of which are startups with their strength not in size and capital, but in innovation and speed of execution. Several international organisations, including the World Economic Forum and IMF, are optimistic on the prospect and the potential benefits of the latest technology. Read more

Everyday Blockchain: As simple as possible
When it comes to the enormous power and sophistication of blockchain technology, our inboxes are bombarded daily by dozens of articles filled with buzzwords but short on information. None of them really explain how the technology works. You don't need to be a mathematician (although I highly recommend it!) to acquire a solid grasp of the fundamental concepts. It is important to have a basic working knowledge so you can add value when the time comes to explore implementation of this mysterious new technology. Read more

Visualizing the potential impact of AI and advanced analytics
Visualizing the potential impact of AI and advanced analytics Our interactive data visualization shows the potential value created by artificial intelligence and advanced analytics techniques for 19 industries and nine business functions. Read more

AI, automation, and the future of work: Ten things to solve for
As machines increasingly complement human labor in the workplace, we will all need to adjust to reap the benefits. Automation and artificial intelligence (AI) are transforming businesses and will contribute to economic growth via contributions to productivity. They will also help address “moonshot” societal challenges in areas from health to climate change. Read more

Notes from the AI frontier: Applications and value of deep learning
An analysis of more than 400 use cases across 19 industries and nine business functions highlights the broad use and significant economic potential of advanced AI techniques. Read more

Five key risks for firms in 2018
Forward-thinking firms will pay attention to these critical risk areas in the coming year. Strong, well-resourced, business-specific risk and control infrastructures have always been a required core competency for financial services firms, but 2018 is set to test the resilience and strategic approach of all firms with the added challenge of greater personal accountability for senior individuals. While the detailed risks run by firms are, by their nature, firm-specific and unique, there are a series of high-level risks applicable to all financial services firms irrespective of geography or sector. Read more

Options for Your Cash Portfolio
As regulatory reform has been implemented in the US and is being rolled out in Europe, investors must now evaluate their cash investments. With tailored products and services in money market and short duration strategies, we offer the insight you need to make better-informed decisions in your liquidity portfolios. Our wide range of products enables us to offer targeted potential solutions from a strong team of portfolio managers, combining global market intelligence with independent risk analysis, research and quality control. Read more

Virtual Accounts
Virtual Accounts have been much in the news as the technology evolves and adoption by corporates widens. Evolution of different types of virtual accounts has created a potentially confusing array of solutions of different levels of sophistication and serving different corporate needs – from facilitating accounts receivable reconciliation to bank provided In House Bank functionality (no joke!). This article will look at the different types of virtual accounts and clarify where they fit in the treasurer’s toolkit. Read more

Optimising Cash & Liquidity Management for Corporate Treasurers
An award-wining digital platform for cash management optimisation Read more

Driving innovation and simplicity in currency management
The concept of managing foreign currencies is intimidating to many corporations, with a widespread belief that it requires sophisticated skills, techniques and technology. As organisations, and their treasury functions, expand, they often introduce a dedicated FX function with specific competencies. However, currency management does not need to be difficult, or the domain of specialists. With emerging solutions designed specifically to handle multiple currencies, treasurers can now deliver significant efficiencies and cost savings, and manage currency exposures, in a much simpler way than in the past. Read more

Shaping a new era in digital banking
Every year, we hear numerous examples of how digital technology is inspiring new working practices, sales channels, distribution models and indeed the products and services on which corporations base their success. However, transforming new technologies into sustainable revenue streams and efficient business models requires a digital, innovative approach. Pioneering financial services providers together with both new and established technology companies are now working closely with clients to facilitate, and to some extent help to drive their clients' digital agenda. Read more

Robotics & AI
  • Finance & Operations, EY Greater China Advisory
  • Drive growth, operation excellence and margin improvement
  • Operating model design with technology enablement
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How can you adapt to your customers’ changing digital needs?
Diversity in the digital household Households are enjoying unprecedented levels of connectivity, transforming their social and home lives as well as their viewing and working habits. This is driving major changes in what they consume and how they do so. But doubts also exist as many seek digital downtime, stick with the familiar and worry about trust and privacy. In this complex world, one thing is clear: today’s consumer will not be satisfied by a one-size-fits-all service. EY’s consumer research details these changes in consumer sentiment, providing a platform for TMT companies to create better customer experiences Read more

Confront your cyber threats
Nowadays, all organizations are digital by default. Not every organization delivers its products and services primarily through digital channels, but all operate with the cultures, technology and processes of the internet era. Moreover, in the connected and convergent world delivered by the Internet of Things (IoT), the digital landscape is vast, with every asset owned or used by the organization representing another node in the network. Read more

Putting artificial intelligence (AI) to work
Innovation matters: insights on the latest disruptive technologies

Has AI lived up to its billing so far? In some cases, there is too much hype, but paradoxically, the potential opportunities and benefits of AI are still, if anything, under-hyped. Often, the impact of new technologies is overestimated in the short term and underestimated in the long term, and while there is a lot of noise regarding AI, there’s been a lack of in-depth discussion and analysis of how it’s actually going to transform businesses. Read more

A new light on cash management
Digitalisation is having a profound effect on the way we communicate, commute and consume services, including banking services. In today’s digital world, the question for a bank is not whether to create a digital solution and service offering, which clients expect. Instead, the issue is how to leverage digital channels and capabilities to transform and enrich the client experience, provide new perspectives into treasury challenges and opportunities, and take a multi-faceted approach to exploring potential solutions. This is at the heart of our strategy at DBS, and the inspiration behind the development of our innovative dynamic digital solutioning and advisory platform, DBS Treasury Prism. Read more

KYC: It’s time to put all your data in one place
During the latest meeting of AFP’s Treasury Advisory Group (TAG), Austin O’Brion, co-founder of identity verification technology firm Token of Trust, discussed the risks banks are taking by collecting mass amounts of personal data from companies to comply with know-your-customer (KYC) regulations Read more

Corporate Treasury Solutions on Accounts Receivables
Corporate Treasury Solutions on Accounts Receivables Leading Trade Finance Solutions Ei-Ramp is a first of its kind multi-lister platform in Asia for trading of accounts receivable by institutional investors and corporate treasurers. Powered by Seabury TFX. Trade Smarter, Increase Profit. Read more