Building Resilience: Treasury’s Role in Overcoming Cyber Risk and Fraud
Remote working, and greater reliance on technology, is leading to a rapid increase in cyber-attacks and fraud attempts. Royston Da Costa, Assistant Group Treasurer, Ferguson, and Michael Juen, Chief Customer Officer, BELLIN, a Coupa company, explain how treasurers can build greater resilience against these threats – and weigh up the costs of investing in cybersecurity […]
Central & Eastern Europe’s Digital Treasury Revolution
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 […]
Data-Driven Treasury: Future-Proofing Your European Flows
As businesses across Europe accelerate their digital transformations, savvy corporate treasurers have a unique opportunity to secure enriched data insights, says Daniela Eder, Head of Payments & Cash Management Europe, Barclays. In turn, this could enable treasury functions to become fitter, both operationally and financially, assuming technology budgets are deployed strategically and cybersecurity is prioritised. […]
Democratising Cybercrime Solutions – In Conversation with Global Cyber Alliance
Eleanor Hill, TMI, speaks to Andy Bates, Executive Director, Global Cyber Alliance, about how instances of cybercrime have reached a wider and more vulnerable audience during the Covid-19 pandemic. To mitigate this, Global Cyber Alliance have launched a campaign to protect SMEs from cyberattacks while their employees work remotely.
Treasury From Home: Reducing Cybercrime and Fraud Risk
The Covid-19 pandemic has already provided rich pickings for fraudsters and cybercriminals who are becoming increasingly active and unscrupulous. The company is the first line of defence against fraud and it is vital to educate employees about what to look out for and how to avoid being duped – something that is all too easy […]
A Treasurer’s Survival Guide: Moving Past Covid-19
With the coronavirus pandemic impacting economies, businesses and individuals, TMI asks what treasurers can do to help their organisation weather the storm. In this no-nonsense guide, we take a pragmatic look at best practice during times of crisis, ranging from contingent funding facilities to proactive communication with rating agencies and tackling elevated FX risks and […]
The Truth About Treasury and Artificial Intelligence
It’s been a hot topic for almost every treasurer over the past year, but – hype aside – what is the true value of artificial intelligence (AI) within treasury? Nikolai Diekert, Director Product Management at leading TMS provider BELLIN, explores the concrete use cases for AI in treasury, providing a candid view on where the […]
Know Your Vendor: Fighting Fraud the Smart Way
Detecting and preventing fraud is a growing concern for treasurers, especially as operations become increasingly digital and payments are being made in real time. BELLIN has launched a new Vendor Verification tool to help treasurers to stay one step ahead of the fraudsters – and scooped a 2019 TMI Award for Innovation & Excellence in […]
Capturing Digital Transformation to Deliver Smarter Treasury in Ireland
Global digital transformation has kickstarted the Fourth Industrial Revolution, also known as Industry 4.0. For corporate treasurers, this represents a complete shift in approach to treasury processes, technology and, most importantly, talent. Alan DuffyCEO, HSBC Ireland HSBC’s recent Global Liquidity and Cash Management Forum, held in Dublin, Ireland, highlighted the technological advances that are revolutionising […]
Technology is Key to the Treasury of Tomorrow
In recent years, the role of the corporate treasury has been steadily evolving and transforming. Over the past decade, since the global financial crisis of 2008, the pace of this evolution has increased dramatically, and in the past few years, the strategic importance of the treasury function has been significantly raised as financial institutions have […]
Fighting Cybercrime in the UAE: Building a Treasury Game Plan
Do you know who to call if your ERP is hacked? How will you make payments if treasury systems are disabled? Is cyber insurance the best form of risk mitigation? These questions and more were answered during a recent roundtable discussion hosted by Abu Dhabi Commercial Bank (ADCB) – which saw corporates, industry experts and […]
Shoring up Treasury’s Cyber Defences: 9 Smart Steps
Did you know that paying a ransom to a cybercriminal, even if you do so in Bitcoin, could lead to a sanctions’ violation? That’s right, treasurers now have even more to think about – and get involved in – when it comes to cybercrime. Here, we examine the latest threats treasurers need to keep abreast […]
Treasury in CEE – Exploring the Digital Frontier
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 […]
Beefing Up Open Account Trade with Blockchain Technology
Moving and marketing in excess of 100,000 tonnes of meat products annually throughout the world, GPS Food Group was keen to find an innovative way to make its open account trade transactions faster, safer and more competitive. The company recently participated in a successful pilot of the we.trade blockchain platform, a collaboration between HSBC and […]
A Fitter Treasury Starts with a Strong Digital Backbone
Digital transformation is one of the hottest topics in treasury right now. Although there are many ways that treasury departments can approach digital transformation, whichever path they choose, an important first step is establishing a strong and stable core in the form of a digital backbone. Anyone who has ever embarked upon a personal fitness […]
Demystifying Digital Treasury – Lessons from the UAE
Knowing which technology innovations to invest in now, and which to put on the back burner, is a challenge for any treasurer. But it is particularly difficult for those operating in the United Arab Emirates (UAE), where the real-time digital infrastructure is still developing, and paper-based payment methods remain popular. There’s no doubt that the […]
Best Practice TMS Implementation: Why Processes Are King
Every company is unique in its set-up, stakeholders, and workflows, meaning that there is no one-size-fits-all approach to implementing a treasury management system (TMS). What all corporates have in common, however, is the opportunity to leverage a TMS implementation project to maximise the benefits of cutting-edge technology, whilst optimising treasury processes and structures. Read on […]
Is Your Company Protected from Cyber Threats?
Today’s treasury infrastructure is changing and, with it, the associated risks of data loss or fraud have multiplied. Within the security community, it is often said that it is not a matter of ‘if’ but ‘when’ you are going to be affected by a security breach. Treasurers need to ensure that controls are in place […]
Levelling Up: The Digital Future of Transaction Banking
Treasurers the world over rely on their transaction banks to provide robust services that cater to their daily financial needs – but the space has long been seen as somewhat ‘vanilla’. Now, however, technological developments and solution-driven innovations are starting to push traditional boundaries. In this Executive Interview, Daniel Verbruggen, BNY Mellon’s Head of Relationship […]
Financial Crime Compliance: A Growing Challenge for Corporates
Financial crime incorporates many types of activity, including fraud, bribery and corruption, insider dealing, terrorist financing and money laundering. Tackling these illicit activities is a major concern for regulators, and is reflected in new legislation like the EU Fourth Anti-Money Laundering Directive. The focus on financial crime has also resulted in banks – and, increasingly, […]
Modernising Payments Across the Organisation
Corporate treasurers are the nerve centre of a corporation but their roles are quite complex. They manage everything from the corporate cash position to regulatory compliance to risk management to payments. They are also dealing with volatile market events, changes to business models and supply chains, and a new world fraught with payment fraud and […]