Ritesh Jain (Citi) explains how Citi Optimized Pay is revitalising the world of card-based supplier payment programmes.

Instant Cross-border Treasury Transactions While domestic faster payments schemes have seen excellent traction over the past decade, obtaining the same visibility and control of cash flows in the cross-border world has been far more challenging. This is now changing, however, as consumer pressure, regulation, and technology propel the prospect of a real-time cross-border payments ecosystem...

‘Real-time treasury’ is an increasingly hyped phrase among banks and technology vendors, but how close to reality is this concept today?

Sub-Saharan Africa is a vibrant, forward-looking continent where innovation and early digital adoption is practically the norm. There are opportunities to progress at a pace that could outstrip other regions. Esther Chibesa, TTS Head for Sub-Saharan Africa, Citi, and Sheetal Shah, TTS Sales Head for Sub-Saharan Africa, Citi, explain how this region is adapting and...

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...

Meet the Treasury4Good Champions TMI’s Treasury4Good Awards, which have rapidly become a benchmark for sustainable innovation in the industry, celebrate the best ESG and D&I initiatives among corporates, banks, and technology vendors. Read on to discover how cutting-edge companies are embracing sustainability, supporting diversity, and challenging traditional ways of doing business – to the benefit...

Expecting the unexpected is de rigueur these days. So, we asked Peter Cunningham, Managing Director, Head of Corporate and Public Sector Sales, EMEA, Citi, to stand in left field, gaze into his crystal ball, and give us his predictions for the challenges and opportunities that treasurers might encounter in 2022. The past two years have...

Supply chain disruptions. Electric vehicle demand. Computer chip shortages. Infrastructure deficits. The auto sector is facing a host of challenges right now, but it is also the poster child for digital transformation, especially in treasury. Here, two experts from Citi share lessons from leading auto treasuries, which can be applied in any sector looking to...

The telecommunications sector has played an instrumental role in supporting organisations with the transformational shift to remote working. It has also helped ensure continued access to digital financial services to people via traditional banking and alternative payment methods during the pandemic. Telco treasurers operate in a highly acquisitive sector that requires regular financing to support...

Lessons from Consumer Goods and Retail Leaders Digitisation is prompting major changes across industries and companies, economies, and societies. Businesses must respond to new business models, disruption by new entrants, and the emergence of virtual infrastructures and new ecosystems. They also need to understand digital trends and the opportunities (and threats) they represent. For these...

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...

The enablement and adoption of smart treasury techniques is an essential first step towards the transition to real-time operations says Citi’s Dr Duncan Cole, Principal and Digital Journeys Head, Treasury Advisory Group, and Joseph Vasen, Principal, Treasury Advisory Group, Treasury and Trade Solutions. As 2020 has progressed, the themes of treasury resilience and digitisation have...

To say it has been a challenging year for businesses is an understatement. Many companies have struggled to survive, while others have grappled with rapid shifts in operational models. As we head towards 2021, with the prospect of Covid-19 vaccines providing a ray of hope, how should treasurers prepare? Peter Cunningham, EMEA Sales Head, Corporate...

The era of real-time treasury is upon us – and treasurers must make the most of digital solutions and smart technologies to help embrace the 24/7 environment. Mark Smith, Head of Treasury and Trade Solutions – EMEA, Citi, provides a whistle-stop tour of the latest innovations for treasurers to get onboard with, while outlining the...

TTS Global Head of Liquidity Management Services, Citi Stephen Randall has recently been appointed Citi’s TTS Global Head of Liquidity Management Services, and a member of the Global Executive Committee.  In this position he is responsible for managing more than 50% of Citi’s deposit base across all regions and geographies, covering one of the most extensive, multi-currency,...

The initial shock of the Covid-19 pandemic is starting to subside and companies are moving out of crisis management mode into planning for recovery and beyond. Patrick Peters-Bühler, Principal – EMEA, Treasury Advisory Group, Citi, and Yan Li, Senior Adviser – Greater China, Treasury Advisory Group, Citi, explain how corporates can develop strategies to become...

Treasury organisations and finance shared service centres in Central & Eastern Europe are changing – robots are taking over many of the manual tasks once performed by humans. At the same time, Big Data and predictive analytics are becoming more commonplace. But is treasury at risk of being sidelined in the rush to digitise corporate...

Ebru Pakcan has recently been appointed Global Head of Trade, Treasury and Trade Solutions, Citi. In this candid interview, she speaks about the impact of the coronavirus pandemic on trade, and airs her views on the digitisation of trade – from the milestones already reached to the areas still requiring improvement. She also shares her...

Companies worldwide face an environment of change – ranging from new trade dynamics to evolving business models on the back of digitisation. Ron Chakravarti, Global Head of the Treasury Advisory Group, Citi, explains how corporate treasurers can stay ahead of the curve by reviewing treasury structures, technology and talent. A century ago, the world was...

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...

As we enter a new decade, treasurers must learn how to juggle their traditional responsibilities alongside the new reality of disrupted business models and game-changing technologies, says Steve Elms, EMEA Region Sales Head, Corporate and Public Sector, Treasury and Trade Solutions, Citi. Proactive engagement with treasury stakeholders – existing and new – will be paramount,...

With announcements of major potential investments of over $300 billion in the next 10 years, Latin America is rapidly becoming one of the most attractive regions globally for investments by the world’s largest oil companies. Compelling opportunities are emerging, such as Brazil’s pre-salt, Argentina’s shale and Guyana’s frontier oil play. Therefore, many governments are taking...

Looking from the outside in, the Middle East and North Africa (MENA) region still conjures up numerous business stereotypes – from entirely paper-based payment workflows to over-dependence on oil as a driver of economic growth. On the ground, however, these stereotypes are being swiftly overturned as governmental visions for a digital and sustainable future are...

Africa is a continent of vast opportunity. But leveraging the African success story requires genuine insight into the disruptive trends that are helping to shape Africa’s transformation. A recent Citi roundtable highlighted how treasury is evolving on both sides of the continent, and how treasurers can play a role in putting Africa firmly on the...

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...

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...

Driven by digitisation, connectivity, and collaborative ecosystems, many industries are seeing long-standing boundaries blurring or dissolving altogether. The art of the possible is expanding, opening the door to entirely new business models. Treasury needs to adapt to the impacts on liquidity, funding, and risk management needs as new business models change the company. This has...

Digital disruption is exploding across the Middle East, North Africa, Pakistan and Turkey (MENAPT) region. With some of the highest smartphone penetration rates in the world, digitisation across these markets is being driven by new technologies, consumers, governments and businesses alike. For treasurers already operating in this market, or those looking to support their organisation’s...

As treasury capabilities continue to mature in 2018, regularly re-evaluating corporate strategies and counterparties will be imperative. Only by capitalising on increasingly sophisticated developments such as instant payment systems, data analytic tools and by working with the right partners to support growth, can the new era of corporate treasury in Africa truly take shape. Geoffrey...

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...

The end of 2017 marks a bittersweet time for me. These are my final Awards as Editor of TMI, but looking back over the past 12 years since I started with TMI, the Corporate Recognition awards have grown from a handful of awards in 2006 as a supplement to the bank and technology awards, to...

While the media may be full of talk of cryptocurrencies and blockchain, a quiet revolution in payments is gathering momentum: the emergence of real-time Request to Pay (RTP) collections. Regulators are creating open digital markets, merchants are reducing the friction and cost of collections, financial technology companies are building new services on top of banking...

Steve Elms continues his annual series in which he outlines his thoughts for the year ahead. In recent years, the focus has been managing risk and improving efficiency during an extended period of uncertainty and turbulence. As Steve describes, the forecast for 2018 seems brighter, and treasurers need to support and facilitate growth without being...