Before riding the AI wave, a treasurer needs to identify use cases, goals, resources, and tools to maximise performance and returns, according to Bojan Belejkovski.
Jennifer Barker, global head of treasury services and depositary receipts at BNY, recently discussed cross-border and instant payments, collaboration, Swift, AI, trade finance, and more, with CT.
The ChatGPT-like chat tool helps address treasury related enquiries based on existing databases; it is understood to be one of the first entries into this market.
During a CTWeek panel discussion around treasury technologies, senior panellists shared their latest views on tech and AI adoption in their daily operations.
There are great opportunities across artificial intelligence, application programming interfaces, Central Bank Digital Currencies and FX hedging platforms, however there are also risks.
An employee of the unknown firm’s finance team was instructed by deepfake ‘managers’ in a meeting to transfer HK$200 million to a designated account. CT talked to experts on how corporates can learn from the case, which could include phone calls and written messages.
As a survey suggests treasury team members are leaving firms at a "high rate", systems such as generative AI for financial forecasting could help improve collaboration and job satisfaction.
Upgrading technology such as the cloud to harness data, including in real-time, is becoming far more important to investors in the region, according to the US bank's research.