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Treasury Transformation: Could robots soon rule the world? François Masquelier, Chairman of ATEL

Treasury Transformation: Could robots soon rule the world?...Treasury Transformation • On-going TRANSFORMATION of treasury• Treasury function has entered a new era of its developments…

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Text of Treasury Transformation: Could robots soon rule the world?...Treasury Transformation • On-going...

  • 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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  • 14

    Disruptor or Disrupted? There is no middle ground…

  • 15

    “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

    https://mytreasurer.wordpress.com/