Three subject-matter experts from Bank of America unpack the drivers, approaches, opportunities, and possible outcomes of becoming the ‘on-time’ function.

Are 24/7/365 operations suited to the needs of every treasury function? Here, three experts from Bank of America consider an intriguing alternative.

Bank of America experts explain how adoption of the TaaB model will see treasury become an influential business unit in its own right.

Liquidity remains top of the agenda for most treasurers in APAC.

Following a deluge of shocks to global supply chains, treasurers are searching for ways to build greater resiliency into their supplier relationships.

The Future of Treasury Technology Technology has played a key role in shaping corporate treasury over the past few decades, but the best is yet to come. Bank of America’s Dhiraj Bajaj, Head of Financial Institutions and Non-Bank Financial Institutions Sales, Asia Pacific,  Global Transaction Services, and Chandana Thanthrige, Head of Financial Institutions and Transactional...

Navigating Sustainability Standards and Regs Sustainability in treasury can be tackled in a number of ways – and standards are slowly emerging to steer participants in the right direction. Do these help or just create more work, and is the pace of development too slow? TMI explores the current state of play in the field...

Interactions between treasury and procurement spiked during the Covid-19 pandemic, as both departments dealt with the emergency that global lockdowns triggered for corporate supply chains. As we move into the next stage of managing the crisis, strengthening engagement between the two departments offers efficiency opportunities for team members and the wider organisation. While they tend...

Real-time technologies are not intended as stand-alone tools, they require an ecosystem of complementary processes and systems to really reap their benefits. TMI seeks best practice guidance from Bank of America experts, Aziz Parvez, Head of Corporate Treasury Sales, Asia Pacific, Global Transaction Services, Sunil Bhatia, Head of Payments and Bank Transformation, Asia Pacific, Global...

The Best and the Brightest of 2021 2021 was arguably one of the most innovative years on record in the world of corporate treasury, based on the standard of entries to the TMI Corporate Recognition Awards. Here, we present a brief overview of the winning projects – which cannot possibly do justice to the magnitude...

Showcasing the 2021 Award Winners The nominations for TMI’s 2021 Awards for Innovation and Excellence were not only more numerous than ever, but also pushed the boundaries of corporate treasury development further than ever before. All of the bank, technology vendor and fintech winners have created solutions that respond to real needs – present and...

The pace of payments technology development across APAC is breath-taking. Treasury must understand the scale and significance to harness the benefits.

Bank of America’s intelligent innovations give treasurers a clear view ahead Any initiative that makes a treasurer’s working day easier is welcomed by the community. So, it comes as no surprise to see Bank of America scoop two of TMI’s coveted Technology & Innovation Awards in 2021 for its mobile app and forecasting developments, while...

Since the first APIs started appearing in the bank-to-treasury space a few years ago, driven in part by the open banking revolution, there has been much talk of their transformational power. We consider the reality behind the claim, exploring the possibilities and the limitations. The promise of system flexibility, agility, and scalability is a potent...

The phrase ‘legacy technology’ may invoke images of ancient and unstable IT systems that must be replaced as soon as possible. But is this always the case, and how easy is it to move away from such systems? We sought views from a number of specialists.    Although the notion of ‘legacy technology’ makes for a...

A Turning Point for Treasury For environmental, social and governance (ESG) initiatives to become part of the day-to-day activities of the business community, it will take continued strong leadership and guidance. In the final instalment of this three-part series, Bank of America experts use real-world examples to explore the future of sustainable practice, offering insights...

Machine learning is often seen as the panacea for all modern business challenges. However, while it can be a very useful ally, it won’t fix everything – treasurers will still need to make judgment calls. In the company of seasoned experts, TMI explores the reality underpinning this much-discussed technology. The current level of conversation around...

Practical Treasury Applications Environmental, social, and corporate governance (ESG) is rapidly becoming a cornerstone of modern business – and a driver of value creation. In the second of this three-part series, experts drawn from Bank of America’s trade, liquidity and digitalisation teams tackle the practical application of ESG into treasury and the wider organisation. When...

Without effective forecasting, companies are essentially flying blind into the future. We look at the role of new technology evolving to help tackle this challenge. While much of the finance function has digitised in recent years it’s fair to assume that most cash forecasting activity, even in very large corporates, is still spreadsheet-based. The spreadsheet...

With ‘sustainability’ being today’s buzzword, there has never been a better time to clear up the misconceptions about environmental, social and governance (ESG) measures, not least among the treasury community. In the first of a three-part series on this increasingly important topic, experts from Bank of America tackle the myths and mysteries head on, offering...

As a resource, data has been described as ‘the new oil’. But as with oil, something has to happen to it to make it useful. For treasurers, data analytics is a discipline that can no longer be left to the IT team. We explore the reasons why. The numbers related to data production are mind-boggling....

TMI Corporate Recognition Award Winners 2020 In one of the toughest years for treasury in the past decade, treasury teams stepped up their innovation projects and rolled out digital best practices at speed. Here, we celebrate their successes. What a year 2020 was. As much as the financial crisis of 2007/8 had provided some insight...

Treasury4Good Awards 2020 Despite the global pandemic, sustainability and diversity and inclusion (D&I) have remained key areas of engagement for corporate treasurers and their relationship banks. Here, we celebrate those organisations putting environmental, social and governance (ESG) issues at the heart of the corporate treasury function. Now in their second year, TMI’s Treasury4Good Awards recognise...

In the current trading environment, where companies really need to have both acute visibility over their financial assets, and the most effective plans to manage them, we ask if the time has finally come for the Chief Liquidity Officer. Never heard of the Chief Liquidity Officer (CLO)? It’s not a C-suite moniker that has too...

Working capital is often viewed by treasurers through a cash and liquidity lens. But this laser focus means that opportunities for efficiency can be slipping through the cracks. At a time of unprecedented uncertainty, cross-functional data dashboards and machine learning could help treasurers to break down barriers and unlock hidden working capital efficiencies across their...

Digital disruption was one of the key drivers of treasury innovation in 2019.  As this year’s Award winners demonstrate, banks, technology vendors and fintechs have leveraged digital innovation to move the corporate treasury profession forward – delivering excellence by helping treasurers to become more efficient, operate in real-time, and contribute to the wider business in...

In an increasingly accountable business environment, corporates are looking for new ways to support their suppliers to adhere to sustainable and ethical standards. Alongside creative supply chain finance (SCF) solutions, treasurers are analysing how emerging technologies can assist them in making their supply chains more sustainable – in every sense. Ignoring sustainability is no longer...

In recent years, smartphone ubiquity and the rise of tablets have transformed consumer behaviour and fuelled the breathtaking rise of the mobile economy. But while much of the consumer world has already transitioned to mobile, the business community has lagged behind. When you consider the fact that mobile access to business apps such as corporate...

No-one wants to re-live every moment of a conference (especially not the after party). So, here is TMI’s take on the top themes coming out of this year’s EuroFinance International Cash Management conference, held in Geneva from 26-28 September, without the blow-by-blow account. Reflecting on an insightful few days in Geneva, it’s clear how much...

Workforces are becoming more inclusive. Yet many LGBT+ employees still do not feel as if they can be their true selves at work – which has ramifications on performance and wellbeing. Darren Rickards, Head of Corporate Banking, CEEMEA and Co-Exec Sponsor of the EMEA LGBT Pride Employee Network at Bank of America Merrill Lynch, shares...

To some, application programming interfaces, or APIs, may just seem like another industry buzzword. In reality, however, they offer significant process efficiencies and strategic opportunities for treasurers – and represent an exciting digital future for the banking industry, says Tom Durkin, Head of Global Digital Channels, Global Transaction Services, Bank of America Merrill Lynch. Why...

Every year in the TMI Awards has marked a step change in the number and quality of award nominations, and 2017 was no exception, with some well-known banks and technology vendors, but some less familiar names too. This year Citi and HSBC won a clutch of awards in the bank categories. Citi was recognised for...

As banks and corporations complete their final preparations for this year’s Sibos event in Geneva, Helen Sanders, Editor talks to Tom Durkin, who manages digital channels on behalf of Bank of America Merrill Lynch, about some of the issues in which both SWIFT and participating banks are engaged. SWIFT for Corporates has now been available...