In the past 12 months, large companies have reignited their focus on treasury operations, seizing unprecedented opportunities to optimize liquidity, harness market volatility, and fuel strategic growth amidst rising interest rates and shifting economic landscapes. Thailand’s economy is gaining momentum, with GDP growth accelerating to 2.3% in Q2 of 2024, signalling a promising outlook. As the economy expands, businesses face challenges such as currency volatility, rising interest rates, and unpredictable global markets. However, with the rapid deployment of advanced treasury strategies, companies can turn these challenges into opportunities, driving profitability and staying ahead of competitors. Outdated treasury functions simply won’t keep pace with today’s economic demands. Proactive treasury management is essential for companies to thrive in Thailand’s evolving economic landscape. Now is the time to embrace innovation and seize the potential for growth.
The role of treasury management and digital transformation are pivotal for a competitive business. Financial practices are evolving globally and technological advancements such as APIs are reshaping the industry. For example, in 2022, Kasikorn Bank (KBank) launched Thailand’s first challenger bank. According to their website, the digitisation of KBank had increased its amount of K PLUS online banking app users by 2 million with an increased reported amount of transaction of USD 300 million in the year 2022. In addition, for the next 2 years, the bank further invested USD 600 thousand in advancing its security measures in order to increase its ability to detect and prevent unusual transactions. KBank’s shift towards digital treasury tools has allowed them to optimize real-time decision-making and enhance their cash flow forecasting.
Treasury’s adoption of digital tools and real-time financial data enhances the treasurers’ ability to manage funds while maintaining transparency and minimizing risks. During a financial crisis, the treasurer’s well-informed decision is a must amidst interest rate shifts and geopolitical uncertainty. The 2nd Annual Group Treasurers Forum by Trueventus will focus on the strategies and technology that you need to stay on top of the game. Join us and tune into insights by market leaders and subject experts on navigating through the now advanced and volatile world of treasury operations.
Kyriba is a global leader in liquidity performance that empowers CFOs, Treasurers and IT leaders to connect, protect, forecast and optimize their liquidity. As a secure and scalable SaaS solution, Kyriba brings intelligence and financial automation that enables companies and banks of all sizes to improve their financial performance and increase operational efficiency. Kyriba’s real-time data and AI-empowered tools empower its 3,000 customers worldwide to quantify exposures, project cash and liquidity, and take action to protect balance sheets, income statements and cash flows. Kyriba manages more than 3.5 billion bank transactions and $15 trillion in payments annually and gives customers complete visibility and actionability, so they can optimize and fully harness liquidity across the enterprise and outperform their business strategy.
For more information, visit www.kyriba.com
The Malaysian Youth FinTech Association (MYFinT) is a youth-led, non-profit organization and the official youth arm of the FinTech
Association of Malaysia (FAOM). Targeting individuals from 18-year-old college students to young professionals up to 35, MYFinT is dedicated to acting as an umbrella society that facilitates the growth of Malaysia’s FinTech industry.
https://www.myfint.org/
A non-prot organization dedicated to fostering sustainable growth in the Thai ntech industry.
https://thaintech.org/
The FinTech Alliance PH is the Philippines’ largest digital industry association, representing over 100 members responsible for 95% of the nation’s digital financial transactions. It pioneered an industry-led Code of Conduct and Ethics, aiming to be a self-regulating body. The Alliance supports key initiatives like the National Strategy for Financial Inclusion and Digital Payments Transformation Roadmap. It organizes events such as the Manila Tech Summit and the Philippines Pavilion at the Singapore FinTech Festival, publishes the annual Philippines FinTech Report, and collaborates globally as a co-founder of the Asia FinTech Alliance and the Alliance of Digital Finance Associations.
www.fintechalliance.ph
Established in 2014, the Hong Kong Fintech Industry Association (HKFIA) is a non-profit organization created by professionals from the finance and technology sectors. As a leading think tank, HKFIA focuses on fintech policy research, education, and industry collaboration. It leverages a global network to facilitate knowledge exchange, share best practices, and help fintech companies expand internationally.
HKFIA aims to drive financial innovation, inclusivity, and sustainable growth by utilizing technology to break down barriers and create new opportunities. The association plays a key role in fostering cross-border cooperation, advancing technological breakthroughs, and developing a dynamic, forward-looking fintech ecosystem.
https://www.hkfia.org/
Fintech Association of Malaysia, is a nonprofit organization founded in 2016 and is the leading organization dedicated to advancing Malaysia’s fintech ecosystem. We connect industry players, regulators, entrepreneurs, and stakeholders to foster innovation and growth in financial technology. Together we become the catalyst of national policies, legislation, and regulations in Malaysia FinTech.
https://fintechmalaysia.org/
The Asian Bankers Association (ABA) aims to provide a forum for advancing the cause of the banking and finance industry in the region and promoting regional economic cooperation. Its primary objectives include exchange information about banking opportunities, facilitate networking, train banking personnel and advocate banking policies with regulators and government policy makers.
https://www.aba.org.tw/
Now in its 27th year as an independent publishing house, the Treasury Today Group supply the best in international corporate treasury and finance news and intelligence, spanning companies of all sizes across a broad range of industry sectors and geographies. From our website with the latest in dynamic digital content to our flagship publications Treasury Today and Treasury Today Asia, we are the trusted information resource for time-pressed corporate treasury and finance executives across the world.
https://treasurytoday.com/
