TreasuryCast

Robin Page (TMI) is joined by Evaldas Balkys (The Baltic Treasury Association) to explore the rapid evolution of treasury in the Baltics. Evaldas shares insights into the rise of dedicated treasury teams, the influence of generational change, and how startups are shaping new expectations for the industry in the region. Our guest explores the current knowledge gaps in Baltic treasury and why the timing is right for a dedicated association. Evaldas shares the vision behind Baltrea, its key initiatives, and how it aims to support treasury professionals looking to connect, grow, and shape best practices across the region.

In today's evolving Greek financial environment – where access to liquidity remains a key concern for many companies and capital efficiency is essential for competitiveness – corporate finance teams are increasingly exploring alternatives to traditional shareholder remuneration models. One such approach gaining renewed interest is the script dividend: the distribution of dividends not in cash but in the form of newly issued shares.

Recorded live at the SAP for Treasury and Working Capital Management Conference in Rome, Eleanor Hill (TMI) caught up with Moritz Platt (Google Cloud) to explore how the Google Cloud Universal Ledger (GCUL) is helping regulated industries streamline payments and modernise treasury operations. They unpack treasury tech myths, vendor noise, and transformation failures—offering insights on data readiness, smart tech selection, and why innovation shouldn't be sacrificed for perceived safety.

Recorded live at the SAP for Treasury and Working Capital Management Conference in Rome, Eleanor Hill (TMI) catches up with Tinatin Biganashvili (Zalando) to debunk some common misconceptions around leveraging treasury technology. Tinatin shares her candid views on tech selection, avoiding transformation pitfalls, approaching data dilemmas, and why there's no perfect solution, only smarter, more realistic approaches to innovation.

APIs have often been cited as one of the most useful among the recently developed tools for treasurers, but are they really delivering? We look at current and future use cases, obstacles to adoption, and what exactly treasurers need to do in order to extract the most from this technology.

ESG is increasingly a core part of doing business today, and many corporates have established programmes to ensure they are meeting the related requirements of all stakeholders. Here, we explore how ESG can successfully be made part of daily treasury life.

In today's unpredictable environment, shipping treasurers are no longer reacting to isolated financial risks, they're dealing with fast-moving geopolitical events that shape liquidity needs, funding structures, and even the availability of credit.

Robin Page (TMI) is joined by PwC's Eric Cohen and Koen De Smet to explore the findings of PwC's 2025 Global Treasury Survey. Our guests discuss how leading treasury functions are embracing modular technology, AI, and managed services to enhance resilience, visibility, and strategic impact. This quickfire conversation highlights evolving priorities around risk management, forecasting, and operating models as treasury continues its transformation into a digitally enabled, advisory-led function.

Recorded live at the reect SAP for Treasury and Working Capital Management Conference in Rome, Eleanor Hill (TMI) chats with Luke Carlson (Carlson Cash) about how treasury teams are embracing real-time tools and smarter tech.  From the evolution of bank connectivity to the rise of APIs, AI, and in-house banking, this candid conversation unpacks what's driving real change. Listen today to gain actionable insights on optimising liquidity, managing risk, and staying agile in today's volatile interest rate and geopolitical landscape.

Eleanor Hill (TMI) is joined by Tiffany Eng, John Velis, and Alexander Cadmus (BNY) for a deep dive into what today's shifting market conditions mean for corporate treasurers. From US Treasury market uncertainty to evolving cash management strategies, this conversation explores liquidity fragility, foreign outflows, and inflation pressures — and considers how treasurers are responding with data-driven insights, discipline, and a renewed focus on resilience. Please see important BNY content disclosures and disclaimers: Material-Specific Disclaimer Liquidity & Finance Disclaimer

In this special podcast episode, recorded at the SAP for Treasury and Working Capital Management Conference in Rome, Eleanor Hill (TMI) catches up with Rosamaria Violante (SAP) to explore the true state of modern treasury platforms. They explore what makes a platform truly future-ready - including smart integration and real-time visibility, where AI is starting to deliver real value, and how treasurers can stay ahead of fast-moving tech trends without getting caught out by short-term fixes.

Although expected and anticipated, the trade war that began in early 2025 has concentrated minds with its magnitude and numerous twists. As this uncertain context weighs on international trade, Emmanuelle Petelle, Deputy Head of Trade Services, Societe Generale, assesses the stakes and challenges of trade finance for the coming months.

As digital transactions surge and fraud becomes more sophisticated, the ability to harness high-quality, structured data has never been more critical. It is now time for financial institutions to shift towards smarter, data-driven strategies, and ISO 20022 is the key enabler of this transformation.

As global trade dynamics shift, Shivkumar (Shiv) Seerapu, Head of Transaction Services, ING Wholesale Banking APAC, explores how the move from offshoring to friendshoring is reshaping trade flows across the APAC region. Here, he shares insights into the growing importance of regional partnerships, the rise of multi-country trade blocs, and how these changes are driving more resilient supply chains and inclusive economic growth.

It took Belgium-based Aliaxis, a global leader in fluid management solutions, 15 months to transform its 10-country LATAM treasury operations from a collection of disparate processes into a sleek, centralised powerhouse. The project, which earned the team the TMI Best in Class Treasury – LaTAm Award 2025, is described in detail here by Séverine Le Blévennec, Global Head of Treasury, Aliaxis.

Lessons from North America. With Marissa Adams, Regional Head of Europe and Americas, Global Trade Solutions and Melissa Hotzoglou, Head of Corporate Sales, US Markets and Securities Services, HSBC

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world's largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 4th July 2025.

In this environment of heightened trade uncertainty, Eleanor Hill (TMI) asks Melissa Hotzoglou and Marissa Adams (HSBC) how North American corporates are reassessing their FX and broader risk management strategies. From supply chain realignment to scenario modelling and working capital optimisation, our guests offer practical insights to help treasurers enhance resilience, protect value, and align risk frameworks with shifting global realities.

Recorded live at the Treasury 360° Nordic conference in Stockholm, Eleanor Hill (TMI) hosts Netta Christensen, Carlo Macri (A.P. Moller - Maersk), and Truls Gustafsson (BNP Paribas) in an audible case study exploring how Maersk managed multiple European geographies through a single Euro account. Discover how SEPA and virtual accounts enable treasury centralisation without sacrificing local agility, optimise liquidity, reduce complexity, and enhance pan-European financial control - offering key insights for scaling treasury operations across Europe.

TMI's Ben Poole is joined by Lakshan Fernando (Toyota Financial Services Corporation), Jenny Lee (Bank of America) and Joanna Forman (EY) to help corporate treasurers prepare for the looming ISO 20022 transition. Our guests discuss key bank deadlines, technology implications, data opportunities, and how to avoid disruption. Packed with expert insights and practical considerations, tune in for your essential survival guide to help you manage the transition with confidence.

At the recent Treasury 360° Nordic 2025 conference in Stockholm, Eleanor Hill joined Dominic Lynch (YourTreasury) to discuss corporate use cases for stablecoins beyond faster cross-border payments. Our guest covers risk factors, regulatory developments, and offers practical guidance for treasurers exploring stablecoins, including key questions to ask banks and technology providers.

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world's largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 5th June 2025.

At the recent Treasury 360° Nordic 2025 conference in Stockholm, Eleanor Hill (TMI) sat down with Paulo Kubis (Electrolux Professional) to discuss how he built a treasury function from the ground up following the company's spin-off.  Paulo shares practical insights on simplifying processes, building a high-performance team, and delivering a standout debut in the Swedish debt capital markets.

Recorded live at the recent Treasury 360° Nordic conference in Stockholm, Eleanor Hill (TMI) speaks with Wolt's Group Treasurer, Annika Westerholm, about building a treasury function during rapid global expansion.  Learn how the Helsinki-based delivery platform brought structure, policy, and tech-driven efficiency - including improved cash flow forecasting - to support its growth across 30+ countries.

Airlines have made significant commercial progress since the pandemic, yet many still struggle with profitability. Standard Chartered explore the role of treasury in bringing this vital sector up to speed.

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world's largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 6th May 2025.

Steering a course around the complexities of treasury and cash flow in today's dynamic global environment can feel like being in the wheelhouse without an up-to-date sea chart – and treasurers face the ongoing challenge of adapting to these conditions. Here, in the third in a series of TMI guest columns written by leading experts from ING Transaction Services, Tibor Bartels, Head Transaction Services ING Americas, combines perspectives from both sides of the Atlantic. He offers insights into the evolving demands on treasurers, the role of technology, and the critical need for banking partners to bridge regional and global operations.

With disruption showing no signs of slowing in 2025, TMI's Tom Alford speaks with Paul Stafford, Co-founder and CTO of Deaglo, about a risk modelling blind spot that financial managers may be overlooking, and could avoid. On Black Swan events, Stafford argues that while they can't be predicted, they can be planned for. He challenges whether most risk managers, including treasurers, are truly equipped to respond when the unexpected hits.

In a world where payments are becoming increasingly rapid and interconnected, banks must adapt to meet the obstacles surrounding the need to improve existing systems and respond to the growing expectations of customers by offering an optimal user experience. Here, Société Générale's Isabelle Poussigues, Global Head of Products and Network Management, Corporate and Investment Banking, and Frantz Teissèdre, Head of Public Affairs, Cash Clearing Global Transaction and Payment Services, discuss the best way forward for all stakeholders.

Following the recent row-back by certain US corporates on their DEI programmes, we explore the possible impact of curtailments through the eyes of those who have worked to establish them, and ask if it's time for a rethink?

Why (and how) Treasurers Must Conquer their Digital Mountains Businesses are repeatedly told that data is the new gold/oil in terms of value to its owners. Yet sources of information can often be found scattered around the organisation as if it had little or no worth at all. In this exploration of data, we will seek to provide treasurers with a solid starting point for bringing structure to relative chaos.    

Collaboration between fintechs and banks, an increasing trend in recent years, is also necessary to deliver useful solutions to treasurers, not just e-commerce merchants.

Explorations of AI in treasury management yield many questions for the cautious and adventurous treasurer alike. Barclays' Divya Kesavan, Head of Corporate Data Science & Insights, Global Transaction Banking, and Ope Olomo, Innovation Director, European Transaction Banking, present a balanced view of AI's role in treasury and beyond.

As elections reshaped the global economy in 2024, corporate treasurers are finding themselves having to navigate shifting trade policies, currency volatility, regulatory changes, and technological disruption. Agility, resilience, and strategic foresight will be the key to success in 2025 and beyond.

Now is the time for treasurers to future-proof their organisations' methods of instruction to their banks and embrace digital channels of communication. Here, in the second in a series of TMI guest columns written by leading experts from ING Transaction Services, Anthony van Vliet, Global Head of Trade Finance and Working Capital Solutions, examines why it is time to swap the ageing inbox for a cutting-edge platform.

Cybercrime and fraud are the subjects of perennial concern for banks and corporates. And as the world continues to digitalise rapidly, opening up new avenues of attack for increasingly sophisticated cybercriminals, their worries are only intensifying.

What is keeping treasurers up at night right now? It's a question that might once have had a straightforward answer – interest rates, currency swings, or cash flow visibility. But as geopolitical uncertainty collides with economic recalibration, trade realignment, and digital disruption, there's no single thread to pull.

The fundamental goal of a private equity (PE) house – an investment firm that specialises in acquiring, building, and disposing of businesses – is to use its (often institutional) investors' funds to buy companies it considers to be of ‘improvable value'. It will then set out a broad strategy to achieve that value, with the typical aim of holding its investment for around three to five years.

Automation offers treasurers a chance to make processes more efficient, save time and money, and enhance controls around cash management. For those just embarking on such a journey, understanding where to start and defining the goals is essential for a successful outcome.

Supply chains are critical to the global economy and recent events have demonstrated the need to minimise disruption and keep funds – as well as goods – moving. By allowing financial institutions to step into the payment cycle, supply chain finance gives corporate treasurers a useful tool to optimise their working capital, especially when times are unpredictable.

Koaloo.Fi's online supplier financing solution is aimed at adding profitability and performance to the list of benefits afforded by ESG-enabled trade.

When the Chinese multinational Haier acquired Italy-based Candy, it consolidated and integrated the new European treasury into its group structure. The household appliance company grappled with multiple countries, entities and currencies across the region and needed to find a way to gain greater visibility and efficiency with its cash management.

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world's largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 4th April 2025.

Contemporary treasurers face rising FX volatility, interest rate uncertainty, and geopolitical disruptions. How can they adapt? Eleanor Hill (TMI) speaks with Rahul Badhwar (HSBC) and Volkan Benihasim (HSBC) about building resilience, improving forecasting, and leveraging AI. Our panel also explore liquidity shifts, supply chain realignment, and strategies for managing risk in an unpredictable world.

With interest rates declining, are MMFs still the ‘steady hand' investors need in an uncertain world? Eleanor Hill (TMI) sits down with Sandrine Rougeron and Patrick Siméon (Amundi) to explore the core applications of MMFs, including liquidity, capital preservation, and competitive returns. Our guests discuss how MMFs compare to other short-term investments, why these funds deserve more investor attention, and how Amundi is innovating in the space.

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world's largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 5th March 2025.

What does it take to succeed as a woman in finance?  In this special International Women's Day episode, Eleanor Hill (TMI) speaks with Aurélia Normand (BNP Paribas CIB) about driving success as a female leader in transaction banking.  Aurélia shares insights on the power of mentorship, the responsibility of senior leaders in championing women, and how integrity influences decision-making under pressure. 

Get direct insights into how AI can simplify and automate your treasury functions—transforming your team's efficiency and boosting forecasting accuracy. Eleanor Hill (TMI) sits down with Naty Yifrach (Taboola) and Matthew Harlan (Nilus) to discuss how automation and AI is disrupting the treasury management space by providing real-time visibility into cash flow, more accurate cash forecasting, and automated cash reconciliation, empowering finance leaders with the tools they need to take control of their cash and become more strategic leaders.

Eleanor Hill (TMI) is joined by Manish Kohli (HSBC) and Amit Mallick (Accenture) to explore how AI is revolutionising treasury, and in particular, commercial payments. Our guests discuss AI's disruptive impact on commercial payments, from fraud prevention and FX optimisation to strategic decision-making. They share practical insights on accelerating adoption and explain why, whilst not a silver bullet, AI holds immense potential to add significant value to treasury operations. Visit the HSBC Treasury Solutions Group website to read the full report: https://tinyurl.com/yc2bh83d

The recently formed Baltic Treasury Association (Baltrea) aims to build a collaborative, treasury-focused ecosystem across the Baltic region. In this discussion, the association's Founder and Advisory Group Chairman, Alex Ilkun, talks to Tom Alford (TMI) about Baltrea's purpose, achievements, and future goals, highlighting its value to treasury professionals. Discover why Baltrea was created, who can join, and how it is shaping the region's treasury landscape.

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world's largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 6th February 2025.