On 24 June the EACT organised the first event of its EACT in Action live event series, showcasing important issues that treasurers across the EACT community are tackling.
In this session, our panel – comprising corporate treasurers from Aliaxis, ArcelorMittal and SWIFT, the CEO for the Global Legal Entity Identifier Foundation (GLEIF) and EACT – discussed how to streamline and digitise customer-reference data and due diligence processes in treasury applications.
Participants emphasised that there is a large untapped potential in leveraging technological advancements, data standardisation, and regulatory changes to lower the burdens associated with data-heavy treasury and compliance processes. At the same time, doing so would also enhance the security and efficiency of data-driven treasury processes across all relevant relationships – customers, suppliers, banks etc.
Watch out for further EACT in Action events over the course of the coming months covering priority issues for the treasury community. Should you wish to raise a topic that you feel should be part of this series, please feel free to contact Cornelia Hesse on behalf of the EACT Communications Working group: firstname.lastname@example.org