TD survey shows finance professionals preparing for disruption
Technological innovation and disruption, now commonplace in consumer services, is poised to greatly influence the investment priorities and business plans of financial executives, according to the 2017 Treasury Management survey conducted by TD Bank. For 2018 and beyond, finance professionals cite process automation (31 per cent), distributed ledger/blockchain (23 per cent) and artificial intelligence/robotics (15 per cent) as the top disruptive technologies that will have the largest impact on treasury functions and payments over the next two to three years.
The survey collected insight from 340 corporate treasurers and other finance professionals at the 2017 Association for Financial Professionals Annual Conference in San Diego, CA. Disruptive technologies are top of mind for these individuals, who cited that they are preparing for changes in the treasury management industry by: