TreasuryCast

Europe's Instant Payments Regulation is speeding towards implementation, forcing a rethink of corporate cash management and cross-border practices. With ISO 20022 enabling richer data and AI sharpening fraud detection, treasurers need to turn the race for real-time into a strategic gain.

As interest rate cycles continue to diverge and geopolitical tensions flare, treasurers are left grappling with multicurrency headaches – often while wading through forecasting fog. BNP Paribas' Arnaud Peis and Matthieu Boyer explain how liquidity structures, with physical hedges and virtual offsets, are helping corporates regain confidence, without surrendering control.

An innovative collaboration between the Ikano Bank Branch in Poland and BNP Paribas Bank Polska has brought Polish instalment loans into the modern age. By linking consumer credit utilisation to BLIK cheques, customers can apply online, receive a decision instantly, and pay in-store with nothing more than a nine-digit code – giving retailers a faster, cheaper, and more scalable way to offer financing at the checkout.

They might not operate in the limelight, but implementation teams lead the line within banks when it comes to the highly involved and often sensitive task of designing and delivering innovative solutions for clients. In this article, two experts from BNP Paribas discuss the bank's implementation philosophy, and explain what makes or breaks the business of delivering ground-breaking, efficient, and resilient solutions for clients.

Boston Consulting Group has transformed its treasury into a connected, data and analytics-driven operation. The shift delivers sharper visibility, centralised liquidity, and a scalable platform for the next wave of innovation.

The pressure on treasury is no longer simply to manage liquidity and risk, but to help the business respond faster and smarter.  Olivier Anceau and Baris Kalay (Bank of America) explore how, particularly in APAC, volatility, fragmentation and cross-border complexity are pushing treasury beyond execution, towards providing earlier visibility, more accurate forecasting and clearer, decision-ready options. From local currency settlement that helps manage FX risk to payments decisions that shape working capital and customer experience, treasury's fundamentals are becoming more consequential across the business.

Strategy is arguably one of the most overused words in the treasury sphere. Yet behind the label lies a more interesting story about influence, connectivity, and the growing expectation that treasury should assist organisations as they proactively navigate uncertainty rather than simply respond to it.

The corporate world has never before had access to so much rich data and fast connectivity. But will this exciting new terrain really change how treasury operates? A recent TMI podcast recorded at Treasury 360 in Gothenburg, Sweden, uncovers the reality of real-time. Lena Myklebust, Head of Cash Management Infrastructure, Equinor, and Christof Hofmann, Global Head of Cash Management, Deutsche Bank, are your guides.

Agentic AI is already here, but treasury workflows won't be transformed by novelty features or scattered pilots. Five Truths about Making AI Work in Treasury with Grant Walker of Nestlé, Dr Arif Esa of SAP and Aniket Kulkarni of PwC

In addition to welcoming a record 1,346 attendees, offering its largest exhibition to date, and calling upon some well-respected speakers, the annual Association of Corporate Treasurers (ACT) conference, held this year in Liverpool, showcased a broadening of the Association's programmes. With new ideas around study, membership models, and accessibility, it's all about building on treasury's appeal, says Janet Legge, Deputy Chief Executive, Director of Education & Membership.

At Bank of America's recent corporate treasury and Financial Institutions client events in Singapore, finance leaders explored how faster decisions, cleaner data, stronger controls, and deeper partnerships can turn volatility into action.

The growing adoption of instant payments across Europe marks a significant shift, driven by SEPA harmonisation and the introduction of the Instant Payments Regulation (IPR). But for corporates, instant payments are not an end in themselves. Antoine Bourgier, Head of Payment & Cash Management Solutions, Societe Generale, reveals how this world is developing

Live from the conference floor of Treasury 360° Nordic 2026 in Gothenburg, Sweden! Candid insights and hot takes from 5 treasury and finance leaders, unpacking the rise of real-time and programmable treasury, AI-powered finance teams, next-gen risk management, and much more. Tune in to hear a fast-paced snapshot of how Nordic treasury is evolving into strategic, tech-enabled business partners.

As digital assets mature, treasurers are reassessing their relevance beyond experimentation. Societe Generale's Geneviève Douhet, Director of Digital Assets Programs, Global Transaction Banking, and Floor Meeuwis, Director of Liquidity and Virtual Account Management Advisory, Global Transaction Banking, join Stéphanie Cabossioras, Chief Strategy & Global Policy Officer, Societe Generale-FORGE (SG-FORGE), in examining what digital money can realistically deliver for treasury, and why regulated, bank issued stablecoins may represent a tangible solution.

As the TMI Awards 2026 Best Bank for Trade & Supply Chain Finance: North America, MUFG demonstrated its deeply collaborative approach to working capital optimisation. Its winning entry – an innovative early payment programme delivered with a major North American corporate – helped its client strengthen supplier liquidity while maintaining financial control. In the company of the bank's Greg Hurst, Managing Director, Head of Origination, Working Capital & Trade Finance, and Mark Timoney, Managing Director, Working Capital & Trade Finance, we explore how other corporates can begin a journey towards working capital optimisation.

Between ISO 20022, APIs and now AI, treasury has more data and connectivity than ever, at an ever-increasing speed. But will these tools truly change how the industry operates, especially alongside more advanced setups like in-house banks? Lena Myklebust (Equinor) and Christof Hofmann (Deutsche Bank) explore what real-time treasury looks like in practice and what needs to change inside a complex corporate environment.

Money Market Strategies for Operational Resilience In today's higher rate, more volatile trading environment, treasurers need practical, actionable strategies for managing corporate cash. Amundi's Stéphanie Akhal, Head of Sales Liquidity - Europe, and Patrick Siméon, Head of Money Market, explain the increasingly significant role of MMFs in stabilising liquidity and capturing attractive short term yields while avoiding undue credit or duration risk.

"Get your hands dirty." That is not a command usually heard inside the HQ of a major bank, but it was one of the main messages for the audience at ING's Orange live – The Future of Payment event. Here, Annelinda Koldewe, ING's Head of Payments and Cash Management reflects on the bank's recent flagship webinar.

Corporate cash management is entering a more dynamic phase. AI is sharpening how treasury interprets data, while tokenisation is beginning to reshape how cash and investments move. Real-time visibility and connected platforms are opening new possibilities, but the advantage will sit with teams able to integrate systems, trust their data, and act with confidence.

APAC's trading vibrancy is sometimes tested by cross-border payment inefficiencies. Bank of America's Serina Hourican, APAC Global Commercial Sales Head, Phil Carmalt, APAC Product Head, and Baris Kalay, APAC Corporate Sales Head, examine the challenges and the transactional FX options available to lock certainty, accelerate cash, and reduce operating costs.

AI adoption in treasury is rapidly accelerating, 3/4 of organisations are currently expanding their AI usage, mainly for forecasting, fraud detection, and reconciliation, though maturity remains low across most firms. Referencing findings from PwC's latest Global Treasury Survey, Robin Page (TMI) and Naman Kuwadia (PwC) discuss the rise of agentic AI and 'digital workforces' that integrate across treasury systems to automate processes, enhance decision-making, and break down silos. Framing AI as an augmentation tool, Kuwadia highlights how treasurers can drive greater efficiency, strengthen risk control, and shift their focus toward strategic insight, governance, and higher-value business partnering.

In this special edition of TreasuryCast, Robin Page (TMI) sits down with Bruno Lopes (PwC) to explore the growing momentum behind managed services and why the topic is rising up the agenda for treasurers. Drawing on insights from the latest PwC Global Treasury Survey, they discuss how multinational organisations are leveraging managed services to enhance treasury operations, from forecasting to data analytics, while enabling finance teams to focus more strategically as their role continues to evolve.

The results of a new survey by Nomentia, in collaboration with Juniper Research, offer a window into the mindsets of European finance and treasury leaders at a time of shifting priorities and persistent challenges.

The European Payments Initiative (EPI) is building a homegrown payments backbone for Europe. At the centre sits Wero, a digital wallet and instant payments platform backed by a coalition of leading banks, including BNP Paribas.

Global logistics giant Maersk has reimagined how its treasury operates across Europe, reducing hundreds of euro accounts to a single centralised structure – and winning a TMI Award in the process. Working in partnership with BNP Paribas, the company has tackled legacy complexity, strengthened liquidity control, and built a scalable model for the future of cash management within the SEPA zone. Here, the project team share their insights and key learnings for other treasury professionals wanting to follow suit.

Instead of being in a "constant state of reaction", treasuries should focus on adaptability to ensure change feels manageable as opposed to a continuous run of hurdles. Here, Mark Appelman, CEO Bank Mendes Gans (BMG) outlines his organisation's philosophy as it strives to assist clients to future-proof their treasury departments.

Corporate treasury is entering a new phase, with tokenisation moving from concept to deployment. It spans high-value transactions and even programmable ESG-linked flows, and while the shift is subtle for now, it promises to reshape how money moves, how risk is managed, and how treasury connects to the broader business.

A bank deploying virtual accounts technology does so not only with a keen eye on what it will provide for its corporate clients but also how the solution can further its relationships with those clients. A recent TMI TreasuryCast featuring Cosimo Rullo, Vice President, Payments Cash management & Open Banking, Intesa Sanpaolo, and Joost Bergen, International Business Development & Strategy, Montran, put those twin values to the test.

In this episode of Treasury Beyond Borders, Rahul Badhwar (HSBC) provides valuable insights on how corporates can navigate uncertainty across rates and currency volatility.  Our guest explores practical strategies for risk management, stress-testing risk frameworks, and leveraging AI for thorough, reliable forecasting. Tune in to learn how treasurers can stay resilient, safeguard margins, and adapt to uncertainty in today's dynamic markets.

APIs and AI are transforming how treasurers manage money and data. From instant payouts and live balances to AI-assisted onboarding, the pay-off is showing up in faster cycles, cleaner integrations, and better decisions.

Over 130 treasury professionals – including young talent – gathered at BNP Paribas' offices in the heart of Paris to mark ten years of the Journeys to Treasury initiative with a day of exploring the past, defining the present, and shaping the future. While the agenda stretched from 2016 to 2035, the underlying message was consistent: transformation is no longer coming, it's already here and operational. In other words, the future is now.

In this special edition of TreasuryCast, Ben Poole (TMI) sits down with Tjitze Auke Rijpkema to explore how Accell Group accomplished the remarkable transformation from an external notional pooling structure to a fully integrated in-house bank, spectacularly achieved in only three months. They discuss the challenges and process changes behind the project, and the practical impacts on internal and external payments, automated sweeping, TMS integration, and reporting. Tjitze also shares the tangible benefits for treasury and actionable takeaways for treasurers considering a rapid in-house bank implementation.

When DEME began transforming its treasury operations in 2017, it had a clear objective: to create a centralised, robust function capable of supporting a growing, globally active business. For this special edition of TreasuryCast, Ben Poole (TMI) sits down with Geert Wouters, the company's Head of Structured Finance, to discuss how the team has tackled everything from forecasting blind spots to embedding ESG in financing, positioning the department as a strategic partner that contributes meaningfully to the company's performance, resilience, and growth.

Eleanor Hill (TMI) speaks with John Velis and Alexander Cadmus (BNY) to uncover whether 2026 could prove a genuine inflection point for liquidity, funding and hedging. From shifting rate paths to front-end curve dynamics, they unpack the forces converging to reshape treasury decision-making. Our guests discuss segmenting cash effectively, deciding between secured and unsecured funding, and staying prepared ahead of tighter execution windows. Along the way, they tackle regulatory shifts, cross-currency strains, and digital market pressures, providing clear priorities to strengthen balance sheet resilience for the year ahead.

When the trading world seems set for a future of uncertainty, the best strategy is to ensure access to liquidity is unhindered. It sounds simple but for many it is not. Johannes Wehrmann, Managing Director, Corporate Solutions, FIS Supply Chain Finance, directs the way to easier working capital access. 

Working capital is under pressure from every direction – higher rates, longer supply chains, slower collections and stubborn volatility. In response, treasurers are looking again at how cards, trade and embedded payments can work together, rather than in silos, to release trapped cash and stabilise supplier relationships. But what does a genuinely integrated approach look like in practice?

When treasury has access to moment-by-moment views of its transactions and cash positions across the organisation, it is in a position of strength. As part of its 2022 to 2025 business plan Intesa Sanpaolo (ISP) went live with a virtual accounts offering, delivered in partnership with Montran. Cosimo Rullo (ISP) and Joost Bergen (Montran) explain how this project has helped ISP's corporate clients to centralise their treasury operations efficiently, reducing resource requirements while streamlining payments, reconciliations, and cash management.

In this special edition of TreasuryCast, Ben Poole (TMI) sits down with Maurice Schrijnemakers and Guido Goeltzer (Vodafone) to explore why cash flow has become a central strategic priority for the business. Our guests unpack how Vodafone has elevated cash flow from a traditional financial metric into a powerful strategic lever that actively shapes investment decisions, enhances operational agility, and underpins long-term shareholder confidence. They share practical insights into how this shift influences day-to-day decision-making and supports Vodafone's broader transformation agenda.

AI is no longer theoretical for treasury, it's operational. In this special visual edition of TreasuryCast, Eleanor Hill (TMI) sits down with Grant Walker (Nestlé), Aniket Kulkarni (PwC), and Dr. Arif Esa (SAP) to cut through the hype and reveal what AI adoption really looks like on the ground in today's treasury functions. In this candid and practical discussion, our panelists explores where treasurers should begin on their AI journeys, the data, governance and system foundations that truly facilitate success, how to build internal confidence and overcome cultural resistance, and the real-world lessons shaping credible, value-driven AI roadmaps for the years ahead.

In this first episode of our audible case study series featuring corporates from the latest Journeys to Treasury report, Ben Poole (TMI) sits down with Bobbie Eiseman (Comcast) to explore the company's multi-year treasury transformation. From implementing a multinational notional pool to enhancing short-term borrowing strategies, Bobbie shares the milestones, breakthroughs, and tangible benefits for both treasury and the wider business. Our guest also discusses the human and cultural challenges of centralising cash, rationalising banking partners, and upgrading ERP systems, while offering insights on future initiatives, cloud adoption, and the evolving role of treasury in a global enterprise.

Rapid market swings and rising governance demands are forcing corporates to rethink how they manage liquidity. Treasurers expect cash to be secure, accessible, and productive. 

When global mobility technology company Vontier sought to optimise procurement payments and working capital across its European entities, it turned to banking partner BNP Paribas for assistance.  Alison Crossman (Vontier) and Corine Spier (BNP Paribas) explain how the partnership produced an innovative procurement card programme that streamlined supplier payments, strengthened cash flow, and set a blueprint for the next wave of digital card-to-account innovation.

Asia Pacific is redefining cross-border and real-time payments. While market volatility persists, data is becoming more actionable as treasurers prepare for faster decisions, sharper liquidity strategy and another year of intense regional momentum.

Babcock International Group has rapidly overhauled its global cash management. Since completing its core project in early 2023, the group has cut complexity, unlocked visibility over 95% of global balances, and reshaped treasury's role at the heart of the business.

Ericsson has taken a clear step in integrating sustainability across its financial operations, converting a long-standing umbrella guarantee facility with BNP Paribas into a sustainability-linked structure. The move not only strengthens its climate commitments but also signals a broader shift in how trade finance can contribute to the net-zero transition.

Nippon Express has transformed its approach to cash management, consolidating 96 local bank relationships in Europe into a single structure with BNP Paribas. The project gives treasury sharper visibility, stronger governance, and a seat at the centre of the group's worldwide ambitions.

How can treasurers manage the impact of continuing uncertainty and re-alignment in the trade space? Barclays' Jaya Vohra, Global Head of Trade and Working Capital, and Michaël Hache, Head of Trade Finance, Export Finance, Working Capital, France & Benelux, investigate the options and opportunities.

In today's world, liquidity management is a key area of focus for corporate treasurers and institutional investors alike. Julien Fouré (Carrefour), Stéphanie Akhal, and Daniele Curci (Amundi) explore how various liquidity solutions can help corporates manage cash efficiently within a robust, risk-controlled framework. This candid discussion covers current market trends, short-term investment strategies, and practical ways to optimise cash while maintaining a focus on safety and performance.

Didier Vandenhaute (PwC) and Jan Dirk van Beusekom (BNP Paribas) reflect on the 10th anniversary of the Journeys to Treasury (JTT) report, exploring its evolution and the key moments that have shaped its status as a cornerstone of the European treasury community. The conversation also covers this year's report highlights, including emerging topics capturing treasurers' attention. Didier and Jan Dirk share insights on how JTT continues to provide foresight to assist treasurers in navigating change, and hints at the initiative's next steps in supporting European finance professionals.

For many mid-size companies, a TMS is neither necessary nor affordable — and that's often where the discussion ends. However, the value of equipping the treasury team to the same high standard as the rest of the organisation should not be underestimated, says Matthias Varenkamp (Cobase). Doing so, he believes, provides a clear path to future success. In this podcast, Matthias explains how achieving this level of capability is now both technically and financially more attainable for a much broader range of businesses.

In this episode, Danielle Johnson (Westpac) joins Vibhor Narang and Danielle Sharpe (Standard Chartered) to discuss the impact of the ISO 20022 transition on corporate and bank clients. They explore how multinational corporations and financial institutions are utilising ISO 20022 to revolutionise their operations, highlighting both the opportunities and challenges involved.