Technology review: Freeing treasury to add real value
Payment systems review: Innovation pulses through the lifeblood of commerce
Although the primary role of finance directors and corporate treasurers is to minimize financial risk, increasingly they are also being required to manage risk throughout the organization. This expanding role, plus the ever-growing need to comply with a host of new regulations, is putting corporate treasury departments under great pressure. Fortunately new technologies, systems and services are becoming available to help them carry out these new responsibilities. Information risk management
Data and computer system risk is on the increase as the level of on-line, internet-based operations grows and fraudsters become ever more sophisticated. The level of information risk depends on the value of the information stored and the security procedures and infrastructures in place. Phil Huggins, chief technical officer at Information Risk Management (IRM), one of the world’s leading information risk management companies, says, "Corporate treasury departments need to understand that they need to estimate the value of their information assets and only then can we determine the level of risk they are exposed to." But information risk in corporate treasury and finance departments cannot be considered in isolation, as they are only a part of a much larger organization.