Treasury Management

Overview

Treasury management is a critical banking function that continues to pose many challenges to include inefficiency and manual processes, limited visibility and control, compliance and regulatory risks, security vulnerabilities, limited integration capabilities, lack of scalability and adaptability, inadequate analytics and reporting, and a compromised customer experience. Sky can help banks go overcoming these challenges with modern, Low-Code treasury solutions that offer automation, real-time visibility, integration, security, scalability, and advanced analytics.

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How Sky Can Help

Adopting Low-Code and cloud-based systems

Sky can help reimagine existing business processes and migrate from legacy on-premises systems to Low-Code, cloud-based treasury management solutions. These platforms offer scalability, accessibility, and flexibility, enabling real-time data management, collaboration, and seamless integration with other banking systems.

How Sky Can Help

Implementing automation and straight-through processing (STP)

Leverage automation technologies to streamline manual processes and reduce human error. Straight-through processing (STP) can be employed to automate transactional workflows, from trade execution and confirmation to settlement and reconciliation. This improves efficiency, reduces operational risks, and accelerates transaction processing.

How Sky Can Help

Enhance data analytics and reporting capabilities

Invest in advanced analytics tools to gain insights from treasury data. This includes implementing cash flow forecasting models, risk analysis techniques, liquidity management algorithms, and scenario modeling capabilities. Real-time reporting dashboards and customizable reports enable better decision-making, risk management, and compliance monitoring.

How Sky Can Help

Strengthen cybersecurity measures

With the increasing threat of cyberattacks, banks need to prioritize cybersecurity in treasury management. Sky can help to implement robust security measures such as encryption, multi-factor authentication and intrusion detection systems.

How Sky Can Help

Embrace open banking and APIs

Leverage open banking and utilize APIs to facilitate seamless integration with external systems and platforms. Sky can help enable connectivity with third-party fintech solutions, improving data exchange, product innovation, and customer experience.

How Sky Can Help

AI and ML

Leverage AI and ML technologies to automate and optimize treasury operations. Sky can help implement AI and ML solutions that can be used for cash flow forecasting, fraud detection, risk modeling, and intelligent automation of repetitive tasks. We can also help build and implement AI-powered chatbots and virtual assistants that can be deployed to enhance customer support and self-service capabilities.

How Sky Can Help

Enhance regulatory compliance capabilities

Incorporate greater compliance features into regulatory systems to better handle reporting requirements, AML measures, know-your-customer (KYC) processes, and other regulatory obligations.

How Sky Can Help

Deliver enhanced user experience and customer-centricity

Sky can help design intuitive and user-friendly interfaces, providing self-service capabilities, and enabling real-time access to data and reports. Sky can also help integrate treasury management with digital banking platforms, allowing customers to have a holistic view of their financial positions.

How Sky Can Help

Enable easier, seamless collaboration with fintech partners:

Financial institutions are increasingly seeking to collaborate with fintech companies and technology providers specializing in unique treasury management solutions. These partnerships allow organizations to leverage the expertise, innovation, and agility of leading-edge fintechs to accelerate their digital transformation efforts. Sky can help enable access to these cutting-edge technologies, data analytics capabilities, and industry best practices.

Adopting Low-Code and cloud-based systems

Implementing automation and straight-through processing (STP)

Enhance data analytics and reporting capabilities

Strengthen cybersecurity measures

Embrace open banking and APIs

AI and ML

Enhance regulatory compliance capabilities

User experience and customer-centricity

Collaboration with fintech partners

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Who We Serve

Reach Out to Discuss Your Program

Our consultants provide in-depth domain expertise in financial services to develop a roadmap to simplify critical processes and challenges that create long term resilience and growth.

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