IT2 Treasury Solutions has announced that it has been awarded the SWIFTReady for Corporates Treasury Label. Global Custodian spoke to Paul Higdon, Director of Product Management, IT2 Treasury solutions about risk and the growth of cooperate demand.
With a client base that has a distinct corporate focus (around 80%), Higdon seemed interested in the growth of corporates for SWIFTReady certifications.
Since 2008, post Lehman, Higdon notes that there has been a distinct drive in bank reporting, with a large focus on where a companys cash lies. Today, the CFO and the CEO bang on the treasurers door, says Higden. The policies of treasurers across the corporate and financial space has also dramatically changed since September 2008. No longer are corporate treasurers using just credit ratings in their risk policies, and with IT2s Management Dashboard, chief executives can check in realtime on their desktop where the cash in their business lies. IT2 have also made it linkable to your mobile. Its only a matter of time before we see a Treasury iphone application.