Innovation in bank treasury management

Generative artificial intelligence (GenAI) is rapidly gaining momentum across all industries, including financial services. Its applications are extensive, ranging from chatbots, data extraction, management, error prevention and resolution, to the analysis of environmental, social, and governance (ESG) data. In modern treasury functions, technology and automation play a pivotal role. It offers treasurers new opportunities to better analyse risks, adapt to changes, make more informed decisions and uncover growth prospects. However, despite its benefits, AI technology is not without its operational challenges, and it is imperative for institutions to understand the implications of data quality, privacy and governance when utilising the technology. Effective collaboration with the right partners and the adoption of robust, secure technology solutions are essential for unlocking the full potential of GenAI in the treasury function, ensuring both strategic value and successful implementation.