January 20166Copyright © 2015 Valley Media Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.JANUARY - 2016Mailing AddressValley Media Inc.44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:510.402.1463, F:510-894-8405 JANUARY - 2016, volume 02 - 01 Published by Valley Media Inc. To subscribe to Banking CIO OutlookVisit www.bankingciooutlook.com Editorial StaffSalesT:510.556.2627 TREASURY MANAGEMENT SPECIALAaron Pierce Alex D'SouzaAva GarciaBrian Thomasbrian@bankingciooutlook.comVisualizerMatt RyderManaging EditorJames Robertson Jade Ray Raj Kumar Sandeepa MajumdarThe role of the treasurer today is changing faster than ever, and the dawn of 2016 is all set to present opportunities and challenges to corporate treasury departments. The coming 12 months will deliver several new developments, all of which will require increased scrutiny from treasurers and CFOs.Notwithstanding the decades of experience in the global treasury industry, accurately predicting interest rates is a highly improbable task for treasurers. While the Federal Open Market Committee undertook its first interest rate hike in more than nine years, the minutes of the Federal Reserve's December meeting revealed that participants foresaw only a gradual series of interest rate hikes. With the benefit of hindsight, treasurers would do well to be prepared for all eventualities on both interest rates and inflation. As even a small rate increase would cause borrowing costs to rise for corporate treasury--but also bring opportunities to reap higher returns on cash reserves--the departments will need to re-examine their investment strategies and operational and financial risk.While the executives have their plates full with optimizing return on non-operating cash, the developments around payments are expected to have great significance for treasury and finance professionals. Faster payments continue to dominate discussion at every treasury and finance event. However, when it comes to B2B payments--a key area of concern for treasurers--faster options might not be the best. The emphasis should not just be on making the payments faster, but also smarter.Another ever-existent threat in this arena is cybercrime. With fraudsters resorting to increasingly innovative methods of accessing sensitive corporate data, it is critical to maintain a handle on internal controls, protocols, and systems. In addition to tackling the cybersecurity problems, companies also must be aware of how business partners are managing risk, since it could indirectly affect them.As the New Year features an array of changes for the corporate treasury landscape, staying on top of issues like rising interest rates, cybercrime threats, and the move toward faster payments will be a key component of successfully managing a business' treasury function. Crafted to help enterprises and treasurers determine if existing systems can support future requirements as the financial transactions become more global and complex, Banking CIO Outlook presents to you an edition on Treasury Management. We hope this issue, featuring insights from thought leaders, will prep your business for the coming years.EditorialBracing for the Next Wave of ChangeJames RobertsonManaging Editor editor@bankingciooutlook.com
< Page 5 | Page 7 >