Transforming liquidity management through real time payments

3 Views
Published
THE 2021 PAYMENTS CANADA SUMMIT
The SUMMIT is Canada’s premier payments conference. Canada is undergoing a massive transformation in its payments ecosystem. The SUMMIT is the ideal meeting point for the payments community to exchange ideas on the future-state of the payments industry. Canada has a leading role to play in evolving the global payments ecosystem, and The SUMMIT is the place where we will see this transformation in action and the impact it will have on us as a nation, as an industry, and as individuals. Learn more at thesummit.ca.

SPEAKERS
John Davis - Director - Canada Product Head - Citibank Canada
Paul Lenzi - Director, Treasury - Bell Canada
J.D. (John David) Penner - Offering Manager, IBM Payments Center - IBM
Ivy Luu - Director, Product - nanopay Corporation

SESSION DESCRIPTION
One of the largest areas impacted by a shift to real-time payments will be liquidity management, a sector of the industry that has molded its processes around legacy infrastructures, such as batch processing and end-of-day sweeps.

While many speak about the concerns regarding liquidity management in a real-time world, i.e. managing intraday liquidity buffers and forecasting exposures, few are talking about the immense potential this change can bring to an antiquated process.

The introduction of real-time payments, combined with the use of new technology, could release massive amounts of capital, the likes of which have never been seen. With the right tools, treasurers will be able to centralize cash management, consolidate accounts, improve FX exposure, and ultimately, reduce operational costs.

Real-time clearing and settlement may be unfamiliar, but by preparing for this inevitability, treasurers can take charge of this technological advancement, and see one of the largest leaps forward in banking history.
Category
Management
Be the first to comment