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The rise of Smart Treasury
Technology and advancing tools have reduced the risk of banking crisis resulting from treasury mismanagement and have led to a new concept called “Smart Treasury.” Smart Treasury emphasizes the importance of real-time data and advanced technology for Treasurers, aiding them to properly maintain a bank’s balance sheet and ensure it remains strong and sustainable in the face of many challenges.
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“I define it as a treasury function that has all the data it needs, both real-time and forward-looking, to enable it to make decisions such that the balance sheet structure is always robust,” says Choudhry.
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Smart Treasury enables treasurers to quickly assess the financial health of their balance sheets and make more informed decisions, whether managing funding, liquidity, or mitigating market risk. But what makes it “smart”? Advanced technologies, particularly artificial intelligence (AI) and real-time data analytics are key drivers of this transformation. These tools offer predictive modeling capabilities, providing insights to help anticipate future challenges and optimize balance sheet structures based on various scenarios.
Dolores Tesha, Bank Treasury Product Manager at Bloomberg explains, “Having good tools, including systems, can go a long way in reducing the probability of bad outcomes.” By integrating these technologies, treasury departments can respond more effectively to emerging risks, addressing them before they escalate into crises.
Nguồn: https://standarderror.site
Danh mục: News