Confronted with unprecedented challenges, bank treasury operations must adapt – and modernise. Upgrading outmoded infrastructure and leveraging new technologies should be the first port of call for managers.
Right now, the role and mandate of a treasury is broader and more complex than ever before. Not only do they have to fulfil their traditional functions doling out funding and monitoring investment risk, they’re increasingly being called upon to manage capital and leverage constraints in response to regulatory and market pressures.
Many treasuries, however, are not structured appropriately to assume these new duties. Nor is their technology infrastructure fit for purpose. Embracing the opportunities afforded by a refreshed service-oriented architecture and the capabilities of cloud computing, without compromising on resilience, could go a long way towards meeting these challenges.