Treasury Strategy & Transformation
We Want Information
Three subject-matter experts from Bank of America unpack the drivers, approaches, opportunities, and possible outcomes of becoming the ‘on-time’ function.
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Treasury Strategy & Transformation
Marching to Your Own Beat
Are 24/7/365 operations suited to the needs of every treasury function? Here, three experts from Bank of America consider an intriguing alternative.
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Treasury Strategy & Transformation
Above and Beyond
Bank of America experts explain how adoption of the TaaB model will see treasury become an influential business unit in its own right.
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Country & Regional Focus
In Safe Hands
Liquidity remains top of the agenda for most treasurers in APAC.
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Trade Finance
The Critical SCF Trends Shaping Corporate Supply Chains
Following a deluge of shocks to global supply chains, treasurers are searching for ways to build greater resiliency into their supplier relationships.
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Treasury Technology
Sharpening the Competitive Edge
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...
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Regulation & Standards
Do No Significant Harm
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...
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Trade Finance
Treasury and Procurement – Closer Than Ever?
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...
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Treasury Strategy & Transformation
No Looking Back: Digital Payments and Real-time Transactions for All
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...
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Treasury Strategy & Transformation
Corporate Innovators
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...
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Treasury Strategy & Transformation
New Heights for Bank and Technology Innovation
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...
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Cash & Liquidity Management
Breaking New Ground
The pace of payments technology development across APAC is breath-taking. Treasury must understand the scale and significance to harness the benefits.
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Banking
The Treasury Forecast is Bright and Breezy
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...
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Treasury Technology
API Days: From Talk to Action
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...
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Treasury Technology
We Need a Better Solution: A Treasurer’s Legacy Tech Escape Plan
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...
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CSR & ESG
Roadmap to ESG in 2025
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...
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Treasury Technology
Making Machine Learning Work for Treasury
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...
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CSR & ESG
Adding Corporate Value through ESG
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...
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Cash & Liquidity Management
Building a Better Cash Forecasting Toolkit
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...
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CSR & ESG
Why ESG is the Future of Business – and Treasury
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...
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Data Analytics
A Treasurer’s Guide to Data Analytics
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....
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Treasury Strategy & Transformation
Pandemic Powerhouses
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...
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CSR & ESG
Celebrating a Sustainable Future
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...
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Cash & Liquidity Management
Is it Time to Appoint a Chief Liquidity Officer?
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...
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Trade Finance
The Democratisation of Data: Bringing Working Capital Full Circle
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...
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Banking
Here Come the Winners… 2019 Awards for Innovation & Excellence
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...
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Trade Finance
Breaking Boundaries: Smart and Sustainable Supply Chain Finance
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...
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Treasury Strategy & Transformation
Corporate Treasury Embraces Mobile Banking: Businesses gain confidence from advanced security tools
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...
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Treasury Strategy & Transformation
Preparing Treasury for the Future: Key Takeaways from EuroFinance Geneva
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...
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CSR & ESG
So What if You’re Gay? Embracing Inclusion in Treasury
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...
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Treasury Strategy & Transformation
Treasury APIs: Adding Value to the Bottom Line
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...
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Cash & Liquidity Management
2017 Awards for Innovation and Excellence – Introducing the Winners
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...
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Banking
Writing the Next Chapter of the SWIFT Story
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...
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