Artificial intelligence (AI) and robotics are no longer pipe dreams for treasury. As attendees at HSBC Global Liquidity & Cash Management’s recent Treasury Forum in London discovered, leading treasury functions are already deploying these ‘Industry 4.0’ technologies to make their operations slick, lean and intelligent – without significant budget or disruption.
“For a corporate to maximise its return on Industry 4.0, it needs to invest in Treasury 4.0 to support it.” This was the clear message from an HSBC representative, during his opening address to over 90 corporates at the bank’s recent event entitled ‘How the Fourth Industrial Revolution is Driving Treasury Evolution’.
The representative also emphasised the growing need for treasurers to think creatively around new technologies in order to add value to their organisations.
Revolutionising correspondent banking
Next to take to the stage were Ryan McAuliffe, SWIFT Payments Innovation Specialist, SWIFT and Andrea Feay, Group Treasury Manager, NSG, to explain how SWIFT’s global payments innovation (gpi) is leveraging technology to change the face of cross-border payments.