Why AI is a catalyst for the future of treasury and finance

Full Article

Generative AI is revolutionizing treasury and finance by enhancing decision-making and risk management. Recent research from DBS indicates that nearly half of finance teams are leveraging this technology to address talent shortages. The findings highlight a divide between those successfully using AI and those still hesitant or struggling with its implementation.

The productivity gains from generative AI allow finance teams to focus on strategic initiatives rather than routine tasks. Companies like Manulife are exploring AI to improve back-office operations and support sustainability efforts. The integration of AI tools is not only optimizing processes but also enabling finance teams to play a crucial role in innovation and market diversification.

• 49% of finance teams use generative AI to tackle talent shortages.

• Generative AI users are more involved in strategic sustainability initiatives.

Key AI Terms Mentioned in this Article

Generative AI

This technology is enabling finance teams to automate routine tasks and focus on strategic initiatives.

Machine Learning

It has transformed back-office operations by enhancing data analysis and decision-making processes.

Natural Language Processing

This technology is particularly useful in finance for improving communication and documentation processes.

Companies Mentioned in this Article

DBS Bank

The bank's research highlights the transformative impact of AI on financial operations.

Manulife

The company aims to improve productivity and support strategic business decisions through AI.

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