The Future of Liquidity Technology in APAC and Beyond
Liquidity remains top of the agenda for most treasurers in APAC. With the complexities and challenges of its markets vying for attention with its opportunities, Bank of America’s Nirmal Khaderia, Head of Corporate Banking Subsidiaries, APAC, Venkat ES, Head of Treasury Product, GTS, APAC, and Dino Albuquerque, Managing Director, Corporate Banking Subsidiaries, APAC, showcase the bank’s commitment to developing technology-powered solutions.
There will not be a professional treasurer on the planet who does not understand the impact that technology can have on mounting a more robust response to changing market conditions, regulatory pressures and increasingly aggressive competition. Of course, not all will feel they are in a position to avail themselves of the best the bank, vendor and fintech community has to offer, yet the pressure to tackle one of the most pressing issues of the day, liquidity management, is notably driving the discussion up the agenda.
Across the world, the trading environment in the past few years has become so much less predictable. “Arguably we are in the early phase of a challenging cycle. At the hands of the pandemic, geopolitical instabilities, supply-chain issues, and a massive spike in energy costs and commodity prices, the markets have become hair-trigger sensitive to change,” notes Khaderia. “With inflation rising so interest rates begin to climb as central banks try to contain the pressure. It means the impact of volatility on just about every aspect of treasury activity, but especially liquidity management, is immense as they seek to navigate these troubled waters.”
Khaderia continues: “Against this backdrop, the need for most corporates operating across APAC is to find greater visibility and control over their corporate cash as they navigate through multiple currencies and FX exposures, complex regulatory and tax considerations and time zones”. He confirms that discussions and feedback from a number of Bank of America’s multinational clients in the region repeatedly show that liquidity management in APAC is indeed one of the top challenges and priorities today.