The European Association of Corporate Treasurers (EACT) recently teamed up with TMI for the 2018 CEE Conference in Budapest – covering a whole spectrum of treasury topics for the region, from FX to geopolitical risk. One of the key plenary sessions explored innovation and digitisation in corporate treasury with a focus on artificial intelligence and cybercrime. On the panel for this discussion were Daniel Chapman, AVP Strategic Accounts EMEA at HighRadius; Matt McQuillan, C2FO’s Managing Director, UK; and László Tóth, Head of Corporate Banking and Global Subsidiaries Group, Hungary, Western Balkan and Baltics at Citi. The moderator for this lively session was TMI’s CEO, Robin Page.
AI and robotics
Advances in artificial intelligence (AI) and robotics inevitably come up in any conversation about digitisation, but how can they be applied specifically to treasury operations? This was one of the first questions addressed by the panel, with Chapman commenting that AI has significant potential in areas such as cash application and invoicing.