Citigroup.com Homepage

Always on: Real-Time Treasury is Coming to the Middle East and Africa

Article  •  October 17, 2024
Share on LinkedIn
Share on Facebook
Share on Twitter
Copy Link
Print

As instant payments grow and business models evolve in the region and globally, treasuries need innovative liquidity management solutions that support rapid business growth and 24/7 cash flows.

Banking, liquidity, corporate treasury technology and payment systems are moving towards an always-on, real-time future. Key enablers such as cloud computing application programming interfaces (APIs) and blockchain may link payments and experiences with unprecedented speed.

There are some hurdles to overcome: well-structured and clean data is a prerequisite, for instance. Likewise, real-time will be a process, not a big bang event: host-to-host connectivity with banks could presage an API-driven future. But a real-time treasury – supporting 24/7 commercial, operational, and financial goals – is on the way. Ultimately, therefore, companies may need to be sufficiently agile as they explore new technologies in support of their evolving business models.

Read it here.

Sign up to receive the latest from Citi.