The Future of Money: Better Outcomes, or Just More Complexity?

Published: July 09, 2026

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Digital assets, real-time payments and agentic AI promise a financial system that is faster, smarter and always on. But for CFOs and treasurers, the real question is whether they deliver better decisions, stronger controls and greater confidence. 

Phil Carmalt and Sid Gupta (Bank of America) alongside Sharon Toh (Swift) discuss why the future of treasury depends not just on speed and innovation, but on interoperability, transparency and trust, transforming emerging technologies into practical tools which facilitate sharper liquidity management, stronger resilience and better business outcomes.


Featured on this episode

Photograph of Eleanor Hill
Host
Eleanor Hill
Editorial Consultant, Treasury Management International (TMI)
Photograph of Phil Carmalt
Speaker
Phil Carmalt
Head of APAC Treasury Product, Global Payments Solutions, Bank of America
Photograph of Sid Gupta
Speaker
Sid Gupta
Head of APAC FIG and Co-head of Global Non-bank Financial Institutions, Global Payments Solutions, Bank of America
Photograph of Sharon Toh
Speaker
Sharon Toh
Head of ASEAN Region, Swift

Bank of America

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