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Tight liquidity has led corporates to demand greater supply chain efficiency. Global banks have responded with automated cash and trade platforms, but many local banks, to their detriment lack the capacity to follow suit. Dominic Broom says a partnership with a specialist non-competing treasury services provider can help local banks to maintain their relevance to the working capital cycle
Dominic Broom is managing director and head of market development, treasury services, Emea at BNY Mellon
As we enter a new decade, the treasury world can start to look beyond the crisis that so ravaged international trade in the
last years of the old one. Unfortunately, however, some things have not changed. Credit lines remain constrained, making the
optimisation of working capital and improved risk mitigation the priority for corporates. As a result, the need for greater
supply chain efficiency is as acute as ever. Following the integration of the physical and financial supply chains, technological
advances and the growth of working capital management, it is clear that optimal efficiency now lies in the full integration
of cash management and trade finance.
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