The Treasury Update Podcast

In this episode, Craig Jeffery and Royston Da Costa discuss how generative AI, machine learning (ML), and robotic process automation (RPA) are transforming treasury functions. They provide real-world examples of current applications, discuss expected trends for the next 2-3 years, and explore emerging technologies like ChatGPT, Microsoft Copilot, and augmented reality. Listen in to learn more. Link to the course mentioned on Generative AI: https://courses.cfte.education/generative-ai-in-corporate-treasury/?cmp=ACT&utm_source=clickdimensions&utm_medium=email&utm_campaign=ACT_GENAI&_cldee=TZoXnMMdM4PxxwJmKpbXJg0-y6WOfbuKPWXaxwQ3KZAyTQU40DncRzEnC5jvZ2bAK55L17oa9ljmVY_W2llyGg&recipientid=contact-3fd88ef8a405e61180d1000d3ab15408-663d2b9e818e4b7c97a65f4251d3a4fe&utm_source=ClickDimensions&utm_medium=email&utm_campaign=Specialist%20topics&esid=e620f0ed-8242-ef11-a316-6045bdcf62fd Link to the EuroFinance Panel Royston will be speaking on with Lee-Ann Perkins on AI, in Copenhagen: https://www.eurofinance.com/international-treasury-event/agenda/?RefID=ad_google_tagpaidmediasearch

In this episode, Craig Jeffery, Managing Partner of Strategic Treasurer, and Susan Nichols, VP, B2B Payments Product and Business Management at Deluxe, explore effective change management for digital payments. They discuss balancing technology upgrades with managing internal and external changes, securing executive buy-in, and integrating digital solutions smoothly. Listen in to learn more.

In today's episode, we'll hear from Craig Jeffery about payment security assessments—what they are, who conducts them, and why they are crucial for your business. Listen in to learn more.

In this episode, Craig Jeffery and Paul Galloway discuss the critical but often overlooked issue of counterparty risk in treasury operations. They explore common risk scenarios, why they matter, and how companies manage–or neglect–this risk. Listen in to learn more.

In this episode, Craig Jeffery and Paul Galloway discuss the "efficient frontier." They explore risks, rewards, and trade-offs between options like money market funds, ECR, and IDA/ICA. They also talk about liquidity needs and capital access. Listen in to learn more.

Welcome to another episode of our Learning from Financial Fraud Series. In this thirteenth episode, Craig Jeffery, Managing Partner at Strategic Treasurer, shares insights into a major fraud case. The organization faced multiple sophisticated attacks across multiple payment channels. Listen in as Craig walks us through the attack method, the loss, and the key takeaways.

In today's episode, we'll hear from Paul Galloway on automated financial reporting. What tools are used, and how do we ensure accuracy and security? Are there regulations to consider? Listen in to learn more.

In today's podcast, Ron Chakravarti from Citi discusses the Citi Treasury Diagnostic and what defines a leading treasury. Ron also shares insights on creating a top-tier treasury environment, emphasizing the importance of secure funding, compliance, risk management, and operational excellence. Listen in to learn more.

In today's episode, Craig Jeffery, Managing Partner of Strategic Treasurer, emphasizes the importance of a future-focused mindset. He discusses the shift from batch to streaming, the roles of SaaS and PaaS, the importance of speed, and the value of continual learning and data. Listen in to learn more.

In today's episode, we'll hear from Paul Galloway on natural language processing. What is it, and how does it differ from machine learning? How is it used in finance and fraud detection? Tune in to find out.

In today's podcast, Doug Hartsema from The Hartsema Group shares insights into the critical issue of fraud in banking and payments. He explores why fraud is such a dominant topic and the differences in handling private versus public funds. Doug shares insights on the importance of transparency, collaboration between banks and companies, and effective solutions for payment security. Listen in to learn more.

In today's episode of the Treasury Update Podcast, Doug Hartsema from The Hartsema Group discusses the importance of unfiltered feedback for banks and payment firms. He explains how transforming customers into advisors can have a significant impact and highlights the critical differences between customer and advisor voices. He also reads through examples of key customer quotes and discusses their meanings.

In today's episode, we'll hear from Paul Galloway on anomaly detection systems. What are they, and how are they used in treasury and finance? Tune in to find out.

In today's podcast, Karyn Brown from Austin Industries joins us to share her thoughts on why there isn't a standard career path for treasurers. Craig Jeffery and Karyn also discuss the varied paths to becoming a treasurer, the implications of this diversity, and the current hiring environment. Listen in to learn more.

In today's podcast, David Miller from Hunt Companies joins us to discuss the future of real-time information and payments. We'll cover APIs, RTP, FedNow, and the need for implementation. Listen in to learn more. Find David on LinkedIn here: https://www.linkedin.com/in/david-miller-87553b1/

In today's episode, we'll hear from Paul Galloway on machine learning. What is it, and how is it applied in treasury and finance today? Tune in to find out.

Welcome to another episode of our Learning from Financial Fraud Series. In this twelfth episode, we'll explore what can be learned from a recent payment flows assessment that led to discovering a fraudulent loss in another area. Craig Jeffery walks us through the attack method, the loss, and the key takeaways. Listen in to learn more. More from this series: https://strategictreasurer.com/learning-from-financial-fraud-series/?utm_source=TUP312

In today's podcast, Dustin Senger, Treasurer of Knife River, shares the challenges and impacts of corporate spinoffs on treasury operations. Learn about Knife River's journey to creating more value for shareholders through a spinoff, as well as how they have handled the separation of systems from the former parent company. The conversation also covers staffing, financing, and setting up new banking structures. Listen in to learn more.

In today's podcast, we'll hear from Christin Cifaldi, Director of Product Development & Analytics, discussing authentication in digital systems. What is authentication, and why is it crucial? Tune in to find out.

In today's podcast, Craig Jeffery, Managing Partner of Strategic Treasurer, and Chip Zint, SVP, Chief Financial Officer at Deluxe, discuss the key objectives of accounts receivable from a CFO's perspective. Their discussion covers metrics like DSO, industry insights, and the impact of geopolitical risks and interest rates. Listen in to learn more. www.deluxe.com

In today's podcast, Dr. William Chittenden, President & CEO of SW Graduate School of Banking, will continue the discussion with a deeper look into critical economic issues. Topics of discussion include debt to GDP, government spending, monetary and fiscal policy. Bill will also cover how this can impact businesses and the overall economy.

Christin Cifaldi, Director of Product Development & Analytics, joins us on today's podcast to discuss the concept of the internet of things (IoT) in technology. What is the IoT, and what are its benefits and risks? Listen in to learn more.

Despite recent data, many people still believe inflation is increasing. In today's podcast, Dr. William Chittenden, President & CEO of SW Graduate School of Banking, will discuss a Harris Poll showing that 55% think the economy is shrinking, 56% believe the US is in a recession, 49% think the S&P 500 is down, and 49% believe unemployment is at a 50-year high. Dr. Chittenden will clarify the economic statistics and explore why these misconceptions exist, covering topics such as inflation, employment, interest rates, and the US national debt.

Welcome to another episode of our Learning from Financial Fraud Series. In this eleventh episode, we'll look at what can be learned from a recent scam involving an unauthorized debit. Craig Jeffery provides his insights on the situation, the attack method, the loss, and the key takeaways. More from this series: Learning from Financial Fraud Series Episode 10: Learning from Deepfake Scams Learning from Financial Fraud Series Episode 9: Payment Server and Network Compromise Learning from Financial Fraud Series Episode 8: Payment Server Breach Learning from Financial Fraud Series Episode 7: Understanding "Pig Butchering" Learning from Financial Fraud Series Episode 6: Unpacking the Bernie Madoff Ponzi Scheme Learning from Financial Fraud Series Episode 5: Uncovering the Enron Accounting Scandal Learning from Financial Fraud Series Episode 4: Unmasking the FTX Fraud & Safeguarding Your Assets Learning from Financial Fraud Series Episode 3: Unraveling the Wirecard Fraud – Safeguarding Your Business Learning from Financial Fraud Series Episode 2: Understanding the Satyam Scandal and Its Consequences Learning from Financial Fraud Series Episode 1: Unveiling the Parmalat Fraud Scandal and Bankruptcy

Welcome to another episode of our Learning from Financial Fraud Series. In this tenth episode, we'll look at what can be learned from a recent deepfake scam. Craig Jeffery provides his insights on the situation, the attack method, the loss, and the key takeaways. More from this series: Learning from Financial Fraud Series Episode 9: Payment Server and Network Compromise Learning from Financial Fraud Series Episode 8: Payment Server Breach Learning from Financial Fraud Series Episode 7: Understanding "Pig Butchering" Learning from Financial Fraud Series Episode 6: Unpacking the Bernie Madoff Ponzi Scheme Learning from Financial Fraud Series Episode 5: Uncovering the Enron Accounting Scandal Learning from Financial Fraud Series Episode 4: Unmasking the FTX Fraud & Safeguarding Your Assets Learning from Financial Fraud Series Episode 3: Unraveling the Wirecard Fraud – Safeguarding Your Business Learning from Financial Fraud Series Episode 2: Understanding the Satyam Scandal and Its Consequences Learning from Financial Fraud Series Episode 1: Unveiling the Parmalat Fraud Scandal and Bankruptcy

In today's podcast, we'll hear from Christin Cifaldi, Director of Product Development & Analytics, on the topic of botnets in cyber security. What is a botnet, and what role does it play in the security landscape? Listen in to learn more.

Payment penetration testing involves simulated cyberattacks to uncover vulnerabilities in payment systems. In today's podcast, Craig Jeffery and Christin Cifaldi discuss different testing methods such as black-box, white-box, and gray-box testing, highlighting their pros and cons. Listen in to learn more!

Understanding bank fees helps consumers and corporations make informed decisions, avoid hidden charges, and negotiate better terms. In today's podcast, Craig Jeffery and Christin Cifaldi discuss the importance of understanding bank fees, including their impact on consumer decisions, corporate finances, and negotiation strategies. Join our webinar on May 9th on The Guide to Bank Pricing: Navigating the Range https://strategictreasurer.com/webinar-the-guide-to-bank-pricing/

In today's podcast, we'll hear from Christin Cifaldi, Director of Product Development & Analytics, on the concept of scoping in cyber security. What is scoping, and what role does it play in the security landscape? Listen in to learn more.

Welcome to another episode of our Learning from Financial Fraud Series. In this episode, we'll look at a case of payment server and network compromise. Craig Jeffery provides his insights on the situation, the attack method, the loss, and the key takeaways. More from this series: Payment Server Breach Understanding "Pig Butchering" Unpacking the Bernie Madoff Ponzi Scheme Uncovering the Enron Accounting Scandal Unmasking the FTX Fraud & Safeguarding Your Assets Unraveling the Wirecard Fraud – Safeguarding Your Business Understanding the Satyam Scandal and Its Consequences Unveiling the Parmalat Fraud Scandal and Bankruptcy

Treasury technology is rapidly changing. In this podcast we cover perspectives and thoughts on technology developments and plans uncovered from survey results and numerous client engagements. These perspectives come to us in the context of overall economic sentiment and after multiple years of significant technology improvements. Opportunities abound! 00:30 Overview Landscape. 03:00 Developments: APIs Blockchain PSD2. 11:35 Faster payments or enriched messaging. 16:27 Technology providing the biggest disruption in treasury. 20:52 Democratization of treasury technology, technology as a declining asset or an increasing asset. 22:04 Mobile banking and different perspectives. 26:34 Forecasting: ongoing challenges. 29:16 Different forecasts. Different purposes. 35:57 Key takeaways on technology.

In this episode of the Short-Term Investing Series with Federated Hermes on the Treasury Update Podcast, experts from Federated Hermes delve into cash investing options, discussing bank deposits and money market funds. Explore the latest on safety, liquidity, and yield, plus the impact of recent bank failures and FDIC actions. Understand the pros and cons of each investment strategy in today's ever-changing market. Speakers: Craig Jeffery, Managing Partner at Strategic Treasurer Susan Hill, CFA - Head of Government Liquidity Group, Senior Portfolio Manager, Senior Vice President, Federated Investment Management Company John Mosko - Senior Vice President, Liquidity Management Division, Federated Securities Corp. Visit federatedhermes.com for more information. Views are those of Federated Investment Management Company as of 4/22/24, and are subject to change based on market conditions and other factors. These views should not be construed as a recommendation for any specific security or sector. You could lose money by investing in a money market fund. Although some money market funds seek to preserve the value of your investment at $1.00 per share, they cannot guarantee they will do so. An investment in money market funds is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Money market fund sponsors are not required to reimburse the funds for losses, and you should not expect that the sponsors will provide financial support to the funds at any time, including during periods of market stress. Yields quoted are those observed generally in the market at the time of this podcast recording, are not representative of any specific money market fund, and are not a guarantee of future results. Due to various risks and uncertainties, actual events, results or actual performance may differ materially from that reflected or contemplated in any forward-looking statements. Nothing contained herein may be relied upon as a guarantee, or a representation of the future. Although the information provided in this podcast has been obtained from sources which Federated Hermes believes to be reliable, it does not guarantee accuracy of such information and such information may be incomplete or condensed. Federated Hermes is not affiliated with Strategic Treasurer.

In today's podcast, Christin Cifaldi, Director of Product Development & Analytics, explains what a demilitarized zone network (DMZ) is and how it secures the perimeter around internal LANs. She also discusses a few key items on access control, network segmentation, and IP spoofing prevention. Listen in to learn more.

In today's episode of the 2024 Outlook Series, host Craig Jeffery is joined by Edward Galvin, Head of B2B Commercial Payments Sales at VISA. They discuss the evolving treasury technology landscape, exploring key shifts and strategies for adaptation, as well as the challenges and opportunities posed by the rapid adoption of APIs and embedded banking. The 2024 Outlook Series features interviews with treasury experts about their expectations, projections, and insights for the year ahead. Find more 2024 Outlook Series episodes here. Growth Corporates Working Capital Index: https://visa-commercial-solutions.visa.com/knowledge-hub/report-working-capital-index

In today's episode of the 2024 Outlook Series, host Craig Jeffery is joined by Todd Yoder, EVP and CFO at S&B USA, to discuss treasury's value-add opportunities and what CFOs want. Starting from an accounting background and progressing to his current CFO role, Todd Yoder shares insights he's learned along the way about effective communication as a key value driver, as well as other ways treasurers can bring additional value to their organizations. The 2024 Outlook Series features interviews with treasury experts about their expectations, projections, and insights for the year ahead. Find more 2024 Outlook Series episodes here.

In today's podcast, Christin Cifaldi, Director of Product Development & Analytics, defines the surface area of attack. We discuss digital and physical attack surfaces within organizations, as well as options for minimizing exposure. Listen in to learn more. Get your Payment Security Snapshot: https://strategictreasurer.com/secure/

Payment processing is no longer just transactional. It's now about weaving payments seamlessly into the customer journey. In today's podcast, Craig Jeffery, Managing Partner of Strategic Treasurer, and Layne Kight, Sr. Product Manager of Digital Payment Solutions at Deluxe, discuss customer expectations across industries like healthcare, utilities, and banking. They discuss how those industries cater to expectations, as well as practical ways the industry has improved over the past decade. Listen in to learn more.

Welcome to another edition of our Learning from Financial Fraud Series. In this segment, we discuss an anonymous payment server breach. Craig Jeffery shares his thoughts on the situation, attack, loss, and lessons learned. Learn more about how you can safeguard your company here: https://securetreasury.com/ More from this series: Learning from Financial Fraud Series Episode 7: Understanding "Pig Butchering" Learning from Financial Fraud Series Episode 6: Unpacking the Bernie Madoff Ponzi Scheme Learning from Financial Fraud Series Episode 5: Uncovering the Enron Accounting Scandal Learning from Financial Fraud Series Episode 4: Unmasking the FTX Fraud & Safeguarding Your Assets Learning from Financial Fraud Series Episode 3: Unraveling the Wirecard Fraud – Safeguarding Your Business Learning from Financial Fraud Series Episode 2: Understanding the Satyam Scandal and Its Consequences Learning from Financial Fraud Series Episode 1: Unveiling the Parmalat Fraud Scandal and Bankruptcy

In today's podcast, we'll hear from Paul Galloway, Senior Director, Advisory Services at Strategic Treasurer, on credit agreements. What are they? What terms are typically negotiated? What are positive and negative covenants? Listen in to learn more.

In today's podcast, Craig Jeffery and Christin Cifaldi discuss PCI-DSS 4.0. They cover various aspects of PCI-DSS, including its objectives, principles, and requirements, as well as changes introduced in PCI-DSS 4.0, such as new requirements and updates to existing ones. At a glance: PCI-DSS v4.0

In today's episode of the Treasury Update Podcast, Lee Patton and Craig Jeffery discuss various strategies for managing FBAR compliance. They explore the process, challenges, and solutions, from understanding the background and significance of FBAR to exploring options for managing the process. Download the whitepaper Sign up for the webinar

In today's podcast, we'll hear from Paul Galloway, Senior Director, Advisory Services at Strategic Treasurer on what Capital Management is, why the structure matters, and optimization. Listen in to learn more.

As additional threats continue to pop up, payment messaging platforms routinely increase their security requirements. Today's podcast host, Craig Jeffery, Managing Partner at Strategic Treasurer, sits down with Christin Cifaldi, Director of Product Development & Analytics at Strategic Treasurer, to discuss the standards and requirements for Swift's Customer Security Programme (CSP). They discuss who is impacted, requirements, deadlines, and leading practices for security, as well as the 3 objectives and 7 principles of the CSP. Download the 2024 Customer Security Controls Framework (CSCF)

A few years ago, a company had been solely banking with Silicon Valley Bank. However, due to their success and international expansion, they found themselves needing to implement bank diversification. This move helped them avoid major problems that their competitors faced in early 2023. In today's podcast, we discuss the identification and management of different risks your organization will face. Craig Jeffery, Managing Partner of Strategic Treasurer, walks us through several risk management successes and failures, as well as the basic principles of risk management found in the Guide to Excellence in Treasury. Listen in to learn more. Download the ebook here. Listen to the audiobook here.

Effective communication plays a crucial role in all treasury functions, and failing to prioritize the development of communication skills can hinder growth across the board. In today's discussion, we'll hear from Craig Jeffery, Managing Partner of Strategic Treasurer, on just one of the topics covered in the Guide to Excellence in Treasury: effective communication. He talks through action items, a real-world example from his past, and how communication will change with the implementation of generative AI. Listen in to learn more. Download the ebook here. Listen to the audiobook here. The book Craig refers to at 18:16 is titled Think Again: The Power of Knowing What You Don't Know by Adam Grant.

In our final episode covering FDIC and SIPC, we'll hear from Paul Galloway, Senior Director, Advisory Services at Strategic Treasurer, on the thought process behind optimizing your portfolio when you've reached the limits of FDIC and SIPC coverage. Interested in learning more about insured deposit accounts? Listen to The Treasury Update Podcast episode 186: Insured Deposit Accounts: Interest Rate Changes and Security Listen to the rest of this mini-series: Coffee Break Session #101: What Is FDIC Insurance? Coffee Break Session #102: What Is SIPC Insurance? Coffee Break Session #103: What's the Difference between FDIC and SIPC?

Are weak third parties affecting the safety of your organization? In today's podcast, Host Craig Jeffery talks with Craig Callé, CEO of Source Callé, about navigating third-party risk with real-world examples. The dialogue covers requirements and inefficiency, as well as the vision for the next ten years.

In today's episode of the 2024 Outlook Series, host Craig Jeffery is joined by Mike Richards to review and predict changes in the treasury recruiting space. Topics of discussion include job shifts post-COVID, recruiting with job boards, and the creation of your own AI bots. The 2024 Outlook Series features interviews with treasury experts about their expectations, projections, and insights for the year ahead. Find more 2024 Outlook Series episodes here. The Treasury Career Corner: https://treasuryrecruitment.com/podcasts/

In today's podcast episode, we discuss the distinctions between FDIC and SIPC. This discussion covers why FDIC and SIPC were created, the nuanced differences, and whether enrollment is required for their protection. Listen to: Coffee Break Session #101: What Is FDIC Insurance? https://strategictreasurer.com/101-what-is-fdic-insurance Coffee Break Session #102: What Is SIPC Insurance? https://strategictreasurer.com/102-what-is-sipc-insurance

In today's episode, Jeff Weaver and host Craig Jeffery discuss key findings from the Liquidity Risk Survey. They discuss impacts of Fed rate increases, the regional bank crisis, and movements in deposits and money funds. Download your copy of the Liquidity Risk Survey Report here: https://strategictreasurer.com/2023-liquidity-risk-survey/ Learn more about Allspring: https://www.allspringglobal.com/