New report outlines top priorities this year from a survey of 55 senior executives at banks who are also members of Aite-Novarica Group’s Corporate Banking Executive Council
The treasury management space is experiencing rapid change. While corporate treasurers often see little difference in the vast majority of banks delivering core banking products and capabilities, how those capabilities and their associated data are delivered to clients, rather than the products, differentiate banks in the treasury management space. Thus, implementing the right digital strategy and supporting technology is essential for leading financial institutions.
In a new Impact Report, Top IT Priorities in Treasury Management, research and advisory firm Aite-Novarica Group analyzes banks’ perceived abilities to meet the needs of today’s demanding middle market and large corporate customers and their top IT priorities to address the evolving treasury management space. Aite-Novarica Group conducted a survey of 55 U.S. banks and the U.S. operations of global banks in Q1 2022, targeting senior executives at banks who are also members of Aite-Novarica Group’s Corporate Banking Executive Council.
“Banks are at different stages in their technology modernization initiatives,” said Christine Barry, Head of Banking & Payments Insights & Advisory at Aite-Novarica Group and author of the new report. “Successful banks are focused on platform modernization, automation, as well as integration within their bank portals, external systems, and fintech platforms. It is up to each bank to determine what those initiatives mean for its specific strategy and client base.”
About Aite-Novarica Group:
Aite-Novarica Group is an advisory firm providing mission-critical insights on technology, regulations, strategy, and operations to hundreds of banks, insurers, payments providers, and investment firms—as well as the technology and service providers that support them. Comprising former senior technology, strategy, and operations executives as well as experienced researchers and consultants, our experts provide actionable advice to our client base, leveraging deep insights developed via our extensive network of clients and other industry contacts. Visit us on the web and connect with us on Twitter and LinkedIn.