Corporate Treasury Set for Major AI, DLT Transformation by 2030
The corporate treasury landscape is set for significant transformation, with two key changes expected in the near future. According to Citi GPS's 'Treasury 2030' report, these include a shift from batch processing to 24/7 activity and increased automation driven by Artificial Intelligence (AI) and Distributed Ledger Technology (DLT). However, uncertainty persists among corporate treasurers regarding these upcoming changes.
Citi GPS has identified J.P. Morgan and Deutsche Bank as the most likely candidates to lead this AI and DLT implementation in the corporate treasury sector. Currently, improving access to data for decision-making is a top priority for treasurers. This focus on data accessibility aligns with the predicted changes, as AI and DLT can enhance data management and analysis capabilities. Looking ahead, 93% of corporate treasurers anticipate significant changes within the next three to five years, indicating a widespread recognition of the evolving role of the corporate treasury function.
The 'Treasury 2030' report by Citi GPS highlights the upcoming shifts in the corporate treasury landscape, with AI and DLT poised to drive significant changes. While uncertainty remains among treasurers, the focus on data accessibility suggests a readiness to embrace these technological advancements. As J.P. Morgan and Deutsche Bank are expected to lead this transformation, the corporate treasury function is set to evolve significantly in the coming years.
Read also:
- Thieves Steal Unique Sculptures from Redwood National Park's Grove of Titans
- Strategizing the Integration of Digital Menus as a Core Element in Business Operations
- Financial Actions of BlockDAG Following Inter and Borussia Agreements: Anticipating Future Steps
- International powers, including France, Germany, and the UK, advocate for the reinstatement of sanctions against Iran.
