Treasury Transformation:Could robots soon rule the

world?

• François Masquelier, Chairman of ATEL

The question is not WHETHER our economies and functions will be affected

by digitization but WHEN and HOW

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The KEY question on Digitization

Digitization, what A. Toffler would have called « The 4th wave »

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“Let's get DIGITAL, digital … I want to get digital… Let's get into

digital… Let me hear your body talk, your body talk…”

Treasury Transformation... Evolution or Revolution?

At the end of the day all jobs are at risk with digitalization of the economy

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Treasury Transformation

• On-going TRANSFORMATION of treasury

• Treasury function has entered a new era of its developments… Treasury V.4.0

• We can talk about DISRUPTIVE innovations…

• Many changes (e.g. e-payments, new financial reg’s, IT technology evolution, robotization of processes, algorithms, new IFRS standards, market volatility, cyber crimes and fraud, etc…)

We thought cars would fly in 2000…

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Drivers of this evolution

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« Robots will steal your jobs! » (Federico

Pistono)

« Science is what the father teaches his son. Technology is what the son teaches his dad »

(Michel Serres)

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Treasurer of the Future ?

Threat or Opportunity for Treasurers?

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A Super Treasurer but applying all new technologies…

Be ready and prepared for changes…

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Big Data Analytics

« Information is the oil of the 21st century and analytics is the combustion engine »(Peter Soundergaard)

• We need to find it, extract it, refine it distribute it and monetize it » (David Buckingham)

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Financial data is the new OIL

The future is now…

• Technology innovation has always been intrinsic

to the changing role of treasury

• Instrumental in creating opportunities for

enhanced efficiency, control and capacity building

• Disruption or continuation? Revolution or evolution?

• New entrants, incumbents, new players, fin tech’s to deal with

• Automation means Standardization (e.g. KYC) preliminary steps

• Agility is a required quality

• e.g. virtual accounts and cash management, biometric authentication, P2P solutions, e-payments, etc…

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Disruptor or Disrupted? There is no middle ground…

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“The world is changing very fast. Big will not beat small anymore. It will be the fast beating the slow” (R. Murdoch)

Thank you!

François Masquelier, Chairman ATEL

Twitter: @FrancoisMasquel

Blog: https://mytreasurer.wordpress.com

LinkedIn: ATEL group