Search
 
Analysis

Keeping Up With FinTech

A recent survey suggests treasury and finance executives are not prepared for new technologies that could transform the way they do business.

As a wave of new technologies like blockchain and robotic process automation begin to play a role in business and commerce, a recent report suggests treasury and finance executives may not be prepared to help their companies make the most of the opportunities presented by the new technologies.

A survey of 279 treasury and finance professionals conducted by the Association for Financial Professionals (AFP) found that 36 percent think their company is “not prepared” or only “minimally prepared” for the new technologies. Just 11 percent of those surveyed described their organization as “very prepared” or “fully prepared.”

Nancy Atkinson, principal and founder of GTB Consulting, said she wasn’t surprised by the results. “Generally speaking, I don’t think treasury has a strong focus on technology and on new technologies,” Atkinson said. “They look on that as something needs to mature a bit more and eventually they’ll look at it.” Treasury professionals may also rely on their banks to inform them about new technology, she said.

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

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • 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 PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

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

Susan Kelly

Susan Kelly

Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.

More from this author

Recommended Stories

Big Banks for Better Service?

Big Banks for Better Service?

Chris McDonnell |

Why trends in banking relationships since the Covid-19 pandemic are likely to lead to consolidation in the industry.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.