In the world of global philanthropy, financial transparency is the holy grail. When Pathfinder International heard about a solution that would allow tracking of donor funds from initial receipt down to in-country usage at the click of a button, it was a no-brainer.
Digitalisation is thrusting all areas of the transaction banking industry into uncharted territory. To make the most of the arising opportunities, banks must strike a delicate balance between competition and collaboration.
Areas like cash forecasting can benefit from new technology that complements legacy systems but it is also crucial to look ahead to new challenges - such as regulatory issues posed by GDPR. The legislation will require a new compliance regime but focus on areas like cybercrime actually present a real opportunity, explains Royston Da Costa, Assistant Group Treasurer, Ferguson plc.
If we want to believe the hype then the treasurer’s days are numbered and we are all to be replaced by faceless, super-efficient and infallible machines producing copious and flawless results. But how much of this is true? Are treasurers slowly but surely becoming redundant?
More than just another industry buzzword, Tom Durkin, Bank of America Merrill Lynch, explains why APIs offer significant process efficiencies and strategic opportunities for treasurers - as well as representing an exciting digital future for the banking industry.