In retail banking there is currently a lot of talk about “open banking”, but it might well be in the financial wholesale area that the biggest changes will show, Thomas Otendal predicts. The transparency and flexibility that is now emerging through this “open finance” could make treasuries even more significant for the value creation in their companies, he thinks. And the entry of blockchain-powered solutions could add yet another dimension.
“This world is evolving as we speak and for treasurers it is super interesting.”
Beside his Saxo Bank role as such, Thomas Otendal recently took up blogging about his quest for tomorrow’s treasury solutions – looking into how we should embrace the current megatrends of digital, real-time and automation.