from Innovation in the
Resources & Energy Sector
Treasury Efficiencies from Innovation in
the Resources & Energy Sector
How technology allows for treasury processes to be
faster, cheaper and better.
The pressure to innovate is present everywhere in the financial
industry. For the corporate treasurer, this means evaluating
existing practices and systems to ensure that they not only fit
the standards of today, but that they are ready to meet future
demands as well. As such, technology will always be a key
The treasurer that manages to successfully address this
transition will create efficiencies that will be felt across the
business. Those that are left behind will be stuck with systems
that are out of touch with the increasingly sophisticated
demands of clients.
“Corporates in the Resources & Energy sector are usually
overlooked when it comes to adoption of technology, but quite
the opposite is true. Especially with the current downturn of
commodity prices, these corporates are looking for innovative
ways to optimise production and make the most of existing
resources and infrastructure which is where Technology and
Digitalisation comes in the picture” according to David Andrada,
HSBC’s Regional Sector Head – Resources and Energy Group,
Global Liquidity and Cash Management.
Hosted in Singapore by Lance Kawaguchi, Managing Director,
Global Sector Head – Resources and Energy Group, Global
Liquidity and Cash Management at HSBC, the second
session discussed the next generation of treasury innovation
in Corporate Treasury with panelists from Kyriba and HSBC’s
Singapore Innovation Lab.
The topic of innovation can seem daunting at first, but it can
be reduced to a few basic goals that are easy to appreciate
and strive towards. “Faster, cheaper, and better. This is what
innovation boils down to,” according to Sathya Ram, the Head
of HSBC’s Singapore Innovation Lab. “It is not necessarily very
technical, nor is it all about flashy gadgets designed to grab your
Mr. Ram was speaking at a client event in Singapore, where
he explained how the entire payments system is undergoing
dramatic change. As the person in charge of HSBC’s regional
strategic space for financial technology, Sathya is highly
qualified to comment on this topic, as he collaborates with
corporates on a day-to-day basis to develop the next generation
of digital and mobile banking services.
One of the biggest changes relates to how treasurers
are thinking about payments, which have traditionally
been considered in the way that the money arrives in the
beneficiary’s account. Nowadays, there is a convergence
where all the different kinds of payments are coming together,
and treasurers are considering the process more in terms of
the most efficient way to complete the transaction – taking
into account the company’s liquidity position, as well as the
particular needs of the business.
There is an issue of convenience, and recent improvements in
the experience of retail customers can provide some insight. In
many markets today, an individual can make an instant transfer
of money to a friend or a business via online banking services
that are available on a desktop computer or mobile device.
Managing Director, Global Sector Head
- Resources and Energy Group, HSBC
Global Liquidity and Cash Management
Regional Sector Head, Resources and
Energy Group, HSBC Global Liquidity
and Cash Management, HSBC Singapore
Published: June 2016
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