Banking and connectivity
Real-time payments are getting closer to reality. While there are more questions than answers at this point, we have seen this discussion evolve over the past year as innovations such as SWIFT’s GPI, Faster Payments in the U.K. and same-day ACH in the U.S. have all sought to reduce settlement and clearing times to within a day.
The current climate for corporate treasury is one of considerable uncertainty. While this uncertainty is manifesting itself in different ways, the outcome of last year’s Brexit referendum has particularly underscored the need for treasurers to be prepared for every eventuality. Unfortunately, this is not always the case: more than half of CFOs had not put in place a Brexit contingency plan before the vote, according to research published by Deloitte in April 2016.