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Filip Berlikowski CTO, Payall "RT2’s real-time capabilities and ISO 20022 structured data will transform UK payments—enabling immediate frauddetection, reducing false positives, and turning compliance into a competitive edge. This supports automated processes, better treasurymanagement, and faster decision-making.
Among these, the integration of blockchain and stablecoins in cross-border payments and treasurymanagement emerged as a central theme. The panel opened by discussing innovations in payments that remain significantly underleveraged despite their transformative potential.
Jumio One of the longest-standing providers of ID verification and AML compliance tools, covering document checks, liveness detection, and transaction monitoring. Veriff Specialises in advanced video-based identity verification with high frauddetection rates and rapid onboarding speeds.
Additionally, it supports faster payment processing, better frauddetection, and improved cash flow forecasting through more granular and consistent data. However, companies will need to update their systems and processes, including ERP and treasurymanagement tools, that effectively handle these new structured data formats.
For businesses to succeed in the global, digitalized business environment, maintaining financial stability, and effective cash and treasurymanagement is non-negotiable. Payment hub benefits for treasury and finance When implemented right payment hubs provide several concrete benefits for finance and treasury teams.
. “We recognized a need among our business customers for an automated solution that would help modernize and transform their payments from manual and paper-based processes into a simple, seamless solution,” said Anne Doligale, senior vice president of treasurymanagement at Signature Bank.
We’re seeing a shift toward not only real-time payments, but also real-time treasurymanagement, real-time forecasting and real-time frauddetection.”. Frauddetection is a vital consideration when developing APIs for B2B payments because their speed means any intercepted transaction is likely lost forever.
Among the most recent partnerships announced in this context is a tie-up between treasurymanagement solution provider Kyriba and JPMorgan Chase. More recently, Citi TSS announced Payment Outlier Detection, a tool for treasurers to more accurately and quickly identify anomalous transactions before they are cleared.
This means FIs must be able to ferret out and defend against an ever-more complex array of attacks, and they deploy advanced frauddetection strategies and designate additional resources to keep themselves and their customers safe.
In a panel discussion with Karen Webster, six payments, banking and FinTech executives weighed in on the very nature of change that is transforming treasury banking and corporate clients in real time. Perhaps no surprise: The great connector is data, and as Halpin noted, the future is all about data exchange.
Corporate treasury is now more strategic for the enterprise, meaning chief financial officers and treasurers must be close-knit with their organizations’ boards of directors. “CFOs must work to break down functional and operational silos that impede the sharing of information across the enterprise,” the company stated.
Treasurers are trying to understand how their systems can add more value beyond traditional segregation of duties, reconciliation and other frauddetection measures.” . “What role can the treasurer play in security?
Assess how stablecoin acceptance will affect treasurymanagement and FX exposure. Monitor FCA and Treasury updates on the stablecoin licensing regime. This standard introduces structured, enriched data formats for payment messagesimproving interoperability, frauddetection, and reconciliation.
Treasurymanagement, for instance, has undergone a significant transformation. Source: KPMG Global AI in Finance Report – page 14 These organisations set themselves apart by embedding AI into multiple aspects of their financial operations, including accounting, risk management, treasury functions, and even workforce development.
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