Businesses are battling a host ofchallenges in 2017: namely, the uncertain global economy, volatilefinancial markets, escalating geopolitical tensions, and theconstantly evolving regulatory environment. This is the resoundingmessage I heard from corporate treasury executives across a diversegroup of businesses whom I met to discuss the key trends and topicsfacing their organizations.
Against this backdrop of challenges, many treasury leaders arefocusing on three major themes in evaluating their bankingrelationships. They're considering the safety and security of theirbanking operations, they're monitoring technology innovations thatmay be relevant to their operations, and they're improving theefficiency of interactions with their banks.
1. Safety and Security
The Association for Financial Professionals' (AFP's) 2016“Payments Fraud and Control Survey” found that 64 percent offinance executives—from businesses of all sizes—experienced atleast one incident of businessemail compromise in 2015. Wire transfers were the payment method most likely to beimpacted. Many treasurers I spoke with said they knew of businessesthat had been attacked in the past 12 months.
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