ELIFT FORUM – KEYNOTE SPEECH
Blue Sky to Spark Your Imagination,
Dr. James LEI, Acting Director, Intelligent Software & System, ASTRI Read more
Digital Payment Trends
In the past decades, digitisation is not just reshaping the day-to-day operations of treasury and the way it interacts with financial markets but, more importantly, changing the core of how businesses interact with their customers and suppliers. The payments landscape is changing fast and most of these changes are driven by today’s tech-savvy consumers, who expect their payment options to be swift, efficient, low cost, intuitive and internationally compatible. As a result, cash as a primary mode of payment has been declining. A strong wave of central bank initiatives such as the roll-out of instant payment infrastructures and focus on fintech developments in major key markets have also been one of the key drivers for rapid evolution in the digital payment space. Read more
Defense of the cyberrealm: How organizations can thwart cyberattacks
Governments and companies have much work to do to protect people, institutions, and even entire cities and countries from potentially devastating large-scale cyberattacks. In this episode of the McKinsey Podcast, Simon London speaks with McKinsey senior partner David Chinn and cybersecurity expert Robert Hannigan, formerly the head of GCHQ,1 about how to address the major gaps and vulnerabilities in the global cybersecurity landscape. Listen to podcast Read more
We are now Refinitiv, formerly the Financial and Risk business of Thomson Reuters. We’ve set a bold course for the future – both ours and yours – and are introducing our new brand to the world.
As our brand migration will be gradual, you will see traces of our past through documentation, videos and digital platforms.
Thank you for joining us on our brand journey. Read more
What is next in corporate banking?
BCG recently opined that corporates want an Amazon like experience from their bankers. What might this mean? And are banks best placed to deliver? Read more
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