"Innovative Horizons: Shaping the Future of Global Cash Management" - Powered by ICBC
Wang Zhengping, a product specialist from ICBC's Cash Management and Payment Department, discusses ICBC's advancements in global cash management at the Singapore FinTech Festival.
Key highlights
Market Dynamics and Challenges:
- Multinational companies are dealing with a complex market environment, making risk control more difficult.
- Centralised management of funds is essential for these companies to operate effectively.
ICBC’s Global Cash Management Platform:
- ICBC provides a global cash management platform with fintech innovations.
- The platform helps enterprises manage funds efficiently and build real-time information centers.
Expansion and Payment Solutions:
- ICBC supports multinational firms with centralised payments and global transaction systems.
- Advanced solutions include global payroll, etc.
Comprehensive Treasury Centers:
- As businesses grow, ICBC assists with corporate treasury management, including financing management, risk management, and supply chain management.
Digital Technology Integration:
- Utilises big data, blockchain, and AI to integrate financial services into companies' ERP systems and business processes.
Conclusion
Multinational companies are facing a more complex and ever changing market environment, which makes it more difficult to control risks. As such, centralised management of funds will become a key financial part for multinational companies.
Speaker:
- Wang Zhengping, Specialist, Payment & Cash Management, Industrial and Commercial Bank of China