Risk Management
Published  16 MIN READ

The Resilient Treasurer: Building a Digital Armoury for 2021

Without question, the Covid-19 pandemic has strengthened the business case for digitisation and dramatically increased the pace of digital adoption. Treasury 4.0 technologies, such as data analytics and application programming interfaces, will be key to building long-term resilience. Here, four HSBC experts examine the challenges, risks and opportunities of embracing digital treasury capabilities – and highlight areas ripe for innovation.

“Hang on to your hat. Hang on to your hope. And wind the clock, for tomorrow is another day.” When E.B. White, author of Charlotte’s Web, penned these words to a man who had lost faith in humanity, the novel Coronavirus was unheard of. Yet White’s words highlight one of the most important concepts to emerge from the current global health crisis: resilience.

Indeed, the term ‘resilience’ has become the zeitgeist of 2020 in corporate treasury circles. Yet the focus of conversations has tended to be on short-term resilience, rather than building resilience into the heart of the treasury function. Now, treasurers are wondering how to become more resilient in the longer-term, without additional headcount and significant budget increases.

No Turning Back

Diane S. Reyes. Group General Manager and Head of Global Liquidity and Cash Management, HSBC