Tech and Tomorrow’s Treasury Top Agenda at AsiaTPG Meeting in Singapore
Tags: AsiaTPG 2018 H2 Meeting
The Asia Treasury Peer Group (AsiaTPG) meets on October 29 and 30 where members have selected a decidedly tech-focused agenda. Members set the agenda via polls to determine the issues that are most pressing to the group. This meeting is hosted by member GE at their Singapore offices and sponsored by HSBC.
Members will hear from sponsor HSBC on the concept of a digital treasury. HSBC will share its digital transformation journey as well as how its Innovation Lab has worked with clients to explore various initiatives to build a digital treasury.
Members will also tackle technology developments currently transforming today’s treasury for tomorrow’s challenges. Currently bewildered by a host of buzz words, acronyms and phrases, i.e., bots, RPA, AI, data visualization and blockchain, treasury teams are forced to keep pace with a host of technological advances. However, given resource constraints (both time and effort) they must decide what tech to choose and whether it’s worth the effort to advocate a move from what works today to something that may possibly work better tomorrow. The session will focus on real use-cases showcasing new treasury technology as well as treasury tech for broader-use applications. This includes everything from digitalization possibilities for dashboards to transformation efforts that pave the way for growth by driving efficiencies and adding value through automation, straight-through processing, plus bank rationalization.
In addition, the group will examine the regional treasury function of three companies, namely Alibaba, GE and UPS, with the discussion covering team organization, strategy, roles and responsibilities. We will also compare-and-contrast on regional treasury set-ups, comparing how US and European MNCs approach a problem versus how Asia-based firms address a similar problem. The discussion will extend to how Asia-based firms manage the region from a banking and business support perspective.
The “tech buzz” theme of this peer group meeting will continues with open forum topics like cybersecurity, the fintech landscape, trends and their impact to corporate treasury.