By Rudolph Janse van Rensburg, Director and Head of Treasury Technology, TreasuryOne
Traditionally, the operation of an in-house bank was regarded by most finance executives to be the preserve of the largest corporations. Despite the many benefits of in-house banking, these structures were thought to be too expensive and complicated to add cost effective value for most companies. It will surprise some to learn that this is no longer the case: value-adding in-house bank solutions are now in the budgetary range of many medium-sized organisations. This is because of today’s availability of the necessary technology infrastructure and outsourced treasury services: these can be readily scaled and tailored to fulfil the core in-house banking needs of multiple varieties of the corporate finance department and treasury operation.