Just when Treasurers thought they had settled into a high level of treasury efficiency and effectiveness, the recent introduction of Real-time treasury (RTT) threatens to disrupt the structural stability and organizational balance of established treasury best practices. While a cash concentration structure sweeps cash on a batch basis at the end of each day, RTT deals with individual transactions throughout the day (24/7) via Application Programming Interfaces (APIs) and instant payments.
Many companies have relentlessly pursued tried and tested treasury best practices whereas leading-edge companies have in recent years started exploring APIs and instant payments to assess if there are practical applications within treasury. Can Treasurers find synergies and commonalities for RTT and established treasury best practices to co-exist? Or does it mean choosing one over the other?
Session Outcomes
Technology advancements have proliferated in recent years within the technology sector and the broader adoption and application of APIs (and other real-time guard rails) have reached the banking sector, resulting in the possibility of RTT. This was unthinkable in the treasury world even as recently as 10 years ago. Yet, these advancements in technology can help bring costs down in a meaningful way. This session will help treasurers understand how to weave RTT into the treasury best practice of an IHB to reach another level of structural stability and organizational balance.
Learning Objectives
- Apply best practices for developing RTT strategies into existing treasury structures
- Learn proven and practical tips for tweaking established treasury best practices to allow RTT to coexist