Full article from Treasury Insider here
According to Deloitte’s ninth biennial Financial Services Risk Management Survey, Operating in the new normal: Increased regulation and heightened expectations, financial institutions have far to go to ensure that they are managing their risk effectively
Full article from Treasury Insider here
Tips to deploy in China from the EuroFinance International Cash, Treasury & Risk Management conference in Singapore
From gtnews http://tinyurl.com/ot6e5wg
Some interesting insights from the EuroFinance International Cash, Treasury & Risk Management conference in Singapore.
Insights on key innovations – sometimes from surprising sources – and opportunities to improve the effectiveness of treasury.
Like the treasurer from BAT discussing the need to respond quicker than the several days it was currently taking them to consolidate, ponder and answer the cash flow questions posed to them buy thier CFO or the fact that "treasury can learn a lot from Formula 1"
Full article on gtnews here
As the banking industry finally gets to grips with the digital age a world of new opportunities and challenges confronts them.
Full article on bobsguide here
Some interesting numbers here especially the fact that 54% of Treasurers still run an installed system compared to 33% SaaS and 13% running a module of their ERP.
2015 AFP / GT new treasury Management Systems survey. Click here to visit download page you dont need a subscription but you do need to register to download a copy
In a recent interview with two of Deloittes' Treasury specialists published on the Treasury and Risk website one statement caught my eye
Many companies fail to dedicate people in treasury and IT to monitor business-as-usual activity and to support system and infrastructure maintenance. They may not have people in either function who are knowledgeable enough to understand the full picture and know how to keep the infrastructure performing optimally. So over time, these systems stop functioning as well as they did in the beginning.
Whilst the statement itself is based on the results from a recent Deloitte survey I still find it slightly bemusing that in this day and age of cloud based / outsourced Treasury functions that companies still feel the responsibility to support the solution. one of the biggest benefits of a cloud / hosted Treasury solution is the elimination of this requirement and the piece of mind that your chosen solution vendor is constantly monitoring the everything to keep it running smoothly and at optimal performance.
Full article here
There's big, bigger, biggest and now Amazon Web services. They are so far out in front of every one else in the IaaS stakes that in a recent Gartner Magic Quadrant report that they where placed in the “Leaders” quadrant and rated as having both the furthest completeness of vision and the highest ability to execute.
In fact the only other company even in the top right hand quadrant was Microsoft, who had the vision but lacked in the ability to execute.
Full article on AWS http://tinyurl.com/k5d4flw
Or at least the equivalent in supercomputing power. AWS is driving down the cost of computing these massive equations and aiding the advancement of AI and pushing data science to new heights across Wall Street. What's remarkable about their efforts isn't that AI science fiction is suddenly becoming AI science fact . Full Article
A good overview of the main implications of BASEL III that corporate treasures should be aware of.
"Although Basel III as a whole is fundamentally changing banks’ practices, including changes to risk management and supervision, and market discipline, in addition to the liquidity and capital requirements discussed earlier, the LCR has the most significant day-to-day impact on corporate treasurers."
From a recent article in TMi magazine. Click here for full article (log in reqiured)
Amazon Web Services (AWS) recently stepped out of character and revealed that ts cloud services now accounts for a whopping $5bn annually. A figure which puts it comfortably ahead of its top four competitors.
Full article here.
Finpacific Treasury Systems is a specialist software provider of liquidity, treasury, and risk management solutions.