Illustration: Navigating the business landscape

Looking back on the past three quarters, it is clear that 2023 has been a year of upheaval for the banking sector. We have experienced several significant bank failures, and the global economy has been struggling all year. A series of crises—including the escalating conflict in Ukraine, supply-chain disruptions around the world, and the tightening of monetary policies—has forced corporate banking to evolve.

This environment has had considerable implications for corporate treasurers and risk managers, particularly in the realm of payments. That is because the macroeconomic challenges have created both unique pressures on banks' payments operations teams and opportunities for transformation.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.