March 20186Banks help customers manage their money. But who will manage bank's money? As a business unit, the banks have to decide how much capital to be invested and how much to be holdback as a reserve. Also, they have to manage enough cash flow to make sure their customer-facing services are running without any interruptions. Treasury department addresses all these needs of the banks. The department is at the heart of everything that the bank does. It offers visibility into cash flows, balances and exposures, and systematic controls over various banking functions and processes. It handles the bank's investments in securities, foreign exchange, asset/liability management, and cash instruments. The department is also a de facto compliance management body. Through all these functionalities, the treasury department helps banks remain financially secure, stable, and perform effectively to serve customers better. Though the functions of treasury department seem straightforward, the treasury management is a resource-intensive, costly, and complicated endeavor. The treasurers worldwide look for treasury management technology to achieve simplicity, operational efficiency, and control of the treasury operations. With cash visibility and control gaining more prominence, and risk management becoming part of treasurer's job, the technology is playing an even more pivotal role in treasury management.Many banks today are vying to adopt modern technologies to realize productivity gains. To this end, the banks are working hard to distinguish between the technology hype and the practical challenges that they are facing before they jump on the digital transformation bandwagon. However, there are multitudes of companies offering treasury management technology solutions, and the fierce competition is triggering further innovations in the field, often making it difficult for the treasurers to sort out the substance from the noise. Our goal with this special edition is to highlight the best-of-breed treasury management technology solution providers that leverage innovative technologies to automate routine processes and compliance, freeing the treasurers to work on more strategic aspects of the banks. This edition also blends thought leadership from subject matter experts with real stories on what selected vendors are doing for their clients, including exclusive insights from CIOs and CXOs.Write us your thoughts.Copyright © 2018 ValleyMedia, 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.MARCH - 2018Mailing AddressValleyMedia, Inc.44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:510.402.1463, F:510-894-8405 MARCH - 2018, Volume 04 - 02 Published by ValleyMedia, Inc. To subscribe to Banking CIO OutlookVisit www.bankingciooutlook.com Editorial StaffSalesT:510.402.1464TREASURY MANAGEMENT SPECIALCatherine Paulcatherine@bankingciooutlook.comVisualizerAnilIssac GeorgeManaging EditorJames RobertsonThe Heart of BankingJames RobertsonManaging Editor editor@bankingciooutlook.comArijit SarkarCarolynn WaltersJustin SmithEditorialJoseph MichaelKenneth ThomasRussell Thomas*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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