The EACT published today its response to the European Commission’s (EC) consultation on a new Digital Finance Strategy for Europe. In our response we emphasise the importance of balancing innovation with adequate end-user protection when developing a new Digital Finance strategy.
In our view a dedicated Digital Finance Strategy could deliver several benefits to EU end-users of financial services – ranging from harnessing the benefits of more interconnected data flows and more cost-efficient access to financial services to a potential simplification of compliance processes, such as those for AML, through use of digital solutions.
We also highlight that a regulatory framework on the use of Artificial Intelligence and related solutions such as Machine Learning and Robotic Process Automation could facilitate a greater uptake. Some of these solutions are already starting to be used in corporate treasury and clarifying questions of liability and creating legal certainty for end-users could accelerate this process.
We wish you and your loved ones a happy holiday season and a new year filled with joy, prosperity and happiness.
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The European Association of Corporate Treasurers (EACT) announces the appointment of François Masquelier as its new Chair as from October 1st.
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We are delighted to announce that the sixth edition of the Journeys to Treasury report is now available to download.
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The latest edition contains the second EACT in Action event, treasury in the 'new normal', technological readiness of treasury in the Czech Republic, and more
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What role can treasurers play in the fight against cybercrime and fraud? Our latest EACT in Action webinar offers answers to this question from an expert panel that included the Deutsche Bahn AG treasury team.
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