Published: January 30, 2023
A challenging – and rapidly changing – macroeconomic backdrop, together with evolving digital business models, and the rise of ESG, means that smart and sustainable cash management is the order of the day. As such, omnichannel collections, embedded FX services, APIs, and sustainable corporate accounts, are among the latest trends on every strategic treasurer’s lips. TMI invites Philip Panaino, Global Head of Cash, Standard Chartered Bank, to share his insights on contemporary cash management innovations – and how to deploy them to greatest effect.
Corporate treasurers are in the thick of it. Inflation is rearing its head in many economies across the globe for the first time in decades. In Asia, inflation is sitting around the 5% mark, but in Europe and the US, it is closer to 9%[1]. Some treasury team members will never have operated in an inflationary environment before; an uncharted territory for them.
Adding more uncertainty to the mix, central banks have been raising interest rates as a means to combat these inflationary spikes. Again, this is a macroeconomic phenomenon that has not been seen in many global economies, or factored into many cash management decisions, for more than 10 years. The low to zero, and even negative, interest rate environment had become all too familiar.
Instant Cross-border Treasury Transactions While domestic faster payments schemes have seen excellent traction over the past decade, obtaining the same visibility and control of cash flows in the cross-border world has been far more challenging. This is now changing, however, as consumer pressure, regulation, and technology propel the prospect of a real-time cross-border payments ecosystem […]
According to this year’s responses to the EACT’s annual pan-European survey, the pandemic has not changed the top priorities of corporate treasurers. Instead, it has crystallised the need for increased digitisation. The European Association of Corporate Treasurers’ (EACT’s) annual survey reveals the top priorities for treasurers during the year ahead, identifies critical challenges facing the […]
Interactions between treasury and procurement spiked during the Covid-19 pandemic, as both departments dealt with the emergency that global lockdowns triggered for corporate supply chains. As we move into the next stage of managing the crisis, strengthening engagement between the two departments offers efficiency opportunities for team members and the wider organisation. While they tend […]
Real-time technologies are not intended as stand-alone tools, they require an ecosystem of complementary processes and systems to really reap their benefits. TMI seeks best practice guidance from Bank of America experts, Aziz Parvez, Head of Corporate Treasury Sales, Asia Pacific, Global Transaction Services, Sunil Bhatia, Head of Payments and Bank Transformation, Asia Pacific, Global […]
