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.
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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We are delighted to share this photo of Dr. Gerd Berghold accepting the award on behalf of the treasury team at Deutsche Bahn.
View More.png "EACT Survey 2021")
This annual survey shows that despite the COVID crisis, top priorities of corporate treasury remain the same. No one will be surprised to see Cash-Flow Forecasting as the number one priority, followed by digitization (and automation) of treasury processes. Today Treasury would like to rely more on technology and innovations proposed to become more resilient and more efficient.
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The latest edition contains the first EACT in Action event and EACT Award 2021 results, cross border currency payment execution, and LIBOR transition preparation.
View More.jpg "Podcast | How to Streamline Customer Reference Data in Treasury Processes")
A panel of experts consider how treasurers can streamline customer-reference data and due diligence processes in treasury applications.
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