Is Treasury Management Really That Broken?
Is Treasury Management Really That Broken?
At Money20/20 Europe, the panel "Is Treasury Management Really That Broken?" sparked lively debate. Turns out, it's not about brokenness, but rather an industry ripe for reinvention.
A big thank you to Melissa Donohoe, VP, Notion Capital for moderating, and to Seth Phillips Founder & CEO, Bound and Pac O'Shea, CEO & Co-Founder, Round Treasury for their invaluable insights.
Here's what we learned:
Legacy systems are struggling to keep up. Outdated practices and a lack of innovation have left many businesses underserved. The need for modernized solutions, particularly for managing diverse assets and mitigating risk, is more urgent than ever.
B2B fintech is booming, quietly. While the spotlight often shines on consumer fintech, the treasury management sector is experiencing unprecedented growth. This surge is driven by economic volatility and the increasing complexity of global transactions, creating a golden opportunity for startups.
The true gap lies in user experience and simplicity. Both traditional banks and many fintechs have failed to deliver user-friendly, innovative solutions. The winning formula will involve simplifying complex processes and creating tools that truly cater to the needs of modern businesses.
We need to refine our target list. If we identify a company and understand their challenges, TwentyFold helps us find other similar companies who are likely facing the same issues.
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