Whilst the banking industry continues to embrace digitalisation, corporate treasurers continue to face multiple challenges in supporting their expanding international operations. While each organisation will have different priorities, treasurers are typically seeking to simplify and improve efficiency in managing foreign currency operations, protect the business against the impact of currency fluctuations, achieve price transparency, and manage operational risks. Accessing effective, convenient and transparent foreign exchange services is key to achieving these objectives, including managing foreign currency payments and collections efficiently.
While these objectives are likely to be similar for all organisations operating across markets, from the largest multinationals through to emerging microbusinesses, there are clear differences in the resources and technology they have to address them. Solutions combining advanced, scalable market technology with specialist FX expertise can be a vital way to overcome these challenges. Furthermore, these solutions present entirely new opportunities, leveraging both new and existing technologies to create new business models and potentially new treasury models.