Globally, treasury operations are moving past digital reticence to bring in process efficiency, effective use of liquidity, and compliance via digitalisation.
The MENAT growth agenda featuring Daniel Howlett, Regional Head of Commercial Banking , HSBC MENAT
Even though paper-based processes are still extensively used across the Middle East, North Africa and Turkey (MENAT), there are clear signs that a digital transformation is well underway. As Noor Adhami, HSBC’s Regional Head of Global Liquidity and Cash Management, MENAT, explains, governments and central banks in the region are increasingly supportive of digital innovation and HSBC has also made a strong commitment to all things digital. In addition to a global digital investment programme of USD17bn, the bank has also been at the forefront of implementing new technologies that benefit clients, as well as assisting leading corporate treasuries with digitisation to improve efficiency and reduce costs. It’s a journey every business should be on.
Government of Sharjah embraces HSBC's digital transaction banking solutions and Kyriba's cloud-based Treasury Management System
Oman LNG’s relationship with HSBC has come to epitomise all the benefits of electronic banking and straight through processing (STP). From a heavy reliance on paper, the company’s accounts payable function has been transformed and now uses highly secure electronic payments processing.