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Country reportsJuly 1 2014

Turning up the heat in the cash management space

Cash management is growing in importance, but negative interest rates, the regulatory fallout from the financial crisis and an increasingly complex political landscape are colluding to make life difficult for transaction bankers and corporate treasurers.
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The role of the corporate treasury has become more strategic in recent years, with treasurers gaining more recognition from the boards of their respective organisations. Likewise, cash management – and the bankers who provide the services – have steadily gained an elevated status in the years since the financial crisis. 

Corporate treasurers and transaction bankers alike need to make the right connections, which is the theme of this year’s cash management guide. The article on technology looks at emerging technologies and making the connection between what is possible today and the future implications of these technologies. Regulation continues to be a theme for the cash management industry, and there has been particular focus on Know Your Customer (KYC) and anti-money laundering (AML) regulations, which require banks to connect the dots in terms of who they are doing business with, as well as monitoring transaction data. The final article looks at connecting with clients, and how traditional correspondent banking has moved toward a model of client centricity

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