Infographics: the efficient treasury
The treasury function plays a pivotal role within a bank, and with great power comes great responsibility… and the need for automation.
Misys and Banking Technology conducted a survey to find out about the changing role of the banks’ treasury and the degree of support received from current systems. How can technology help treasurers cope with the multitude of regulations, business transformation and industry demands?
Over half of surveyed financial institutions (FIs) are thinking of transforming their treasury systems to meet future needs. It is no secret that corporates and SMEs are demanding increasingly global and sophisticated financing solutions. But whilst it is encouraging to know there is a desire for technology transformation, there is a big step between thinking of doing it and actually taking the plunge.
“For many it is still difficult to get their head around that IT should be seen as a driver for growth and revenue,” observes Peter Farley, senior marketing strategist, capital markets at Misys. “It is still seen as an overhead and a cost, and that is part of the business and IT’s problem not making the case…”
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The full article is also available in the May 2016 edition of Banking Technology. To get your hands on a complimentary copy of the magazine, please register here.