The burden of regulation and compliance is severely hampering the ability of cash management bankers across Asia Pacific to be effective at what they are expected to be good at, managing cash and payments, according to a study conducted by Corporate Treasurer and Broadridge.
We asked senior cash and payment banking executives located across Asia Pacific what the biggest challenges are facing their operations within the region related to five core areas: cash forecasting, cash matching, balance and liquidity management, payment controls, and reporting. Of those surveyed, 63 percent provided a response related to regulation and compliance.
Technology can help make processes more efficient and transparent, mutualise costs and address key challenges identified in this study. Download the report to read how regulation and compliance, among other challenges, are impacting cash managers across Asia Pacific.