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Treasury-as-a-Service : The inevitable path into the future

May 10, 2022 1531 0 BFSI Fintech

Treasury-as-a-Service : The inevitable path into the future

Digital transformation and cloud adoption are driving radical change in sales, marketing, Business Process Management, and human resources while the Treasury Management in a bank, a specialized function, lags inexplicably. Many Treasury departments continue to rely on legacy systems that are manually intensive and unable to keep pace with changing customer needs and the regulatory environment. The benefits of moving to a cloud-based shared Treasury Management model far outweigh the benefits of a traditional on-premise treasury solution. It results in cost reduction, faster time to market, easy scale, and improved customer experience, to name a few. Treasury As A Service (TaaS) is a fast and reliable means for the Treasury Management function to future-proof its operations.

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What is in it?

Treasury As A Service, the inevitable path into the future, outlines the market trends in Treasury Management, the challenges faced by Treasury Management function, in a bank, and how Treasury As A Service will help in overcoming those challenges.

It also reflects on why banks are slow to adopt the cloud-based Treasury solution, security concerns over their data, and how these concerns can be addressed.


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ITC Infotech is a leading global technology services and solutions provider, led by Business and Technology Consulting. ITC Infotech provides business-friendly solutions to help clients succeed and be future-ready, by seamlessly bringing together digital expertise, strong industry specific alliances and the unique ability to leverage deep domain expertise from ITC Group businesses. The company provides technology solutions and services to enterprises across industries such as Banking & Financial Services, Healthcare, Manufacturing, Consumer Goods, Travel and Hospitality, through a combination of traditional and newer business models, as a long-term sustainable partner. ITC Infotech is a wholly owned subsidiary of ITC Ltd. ITC is one of India’s leading private sector companies and a diversified conglomerate with businesses spanning Consumer Goods, Hotels, Paperboards and Packaging, Agri Business and Information Technology. For more information, please visit: http://www.itcinfotech.com/



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