MOUNT LAUREL, N.J., November 21, 2025 – Despite recognizing that digitalization drives growth, nearly 80% of treasury professionals still rely on manual or fragmented systems, according to TD Bank's survey of participants at the Association for Financial Professionals' 2025 Conference in Boston, Massachusetts. Three-fourths of treasury professionals (75%) say digital cash flow visibility and liquidity management solutions have revolutionized their growth strategies. But adoption remains low with teams loyal to manual processes, and the path to funding growth remains challenging.
Survey respondents cited manual or fragmented financial systems (36%), macroeconomic uncertainty and market volatility (36%), and a lack of real-time cash flow data (20%) as their biggest challenges, underscoring the need for greater digital integration, automation and transparency in treasury operations.
The survey also showed that organizations that invest in treasury capabilities will have the greatest impact on managing cash flow in real time, including:
- Real-time reporting and visibility (35%)
- Integration across banking platforms and data sources (34%)
- Automated cross-border payments and currency conversions (13%)
"In today's complex and fast-moving economic environment, agility is everything, and digital transformation is no longer optional, it is the foundation," said Tom Gregory, Head of Treasury Management, Merchant & Government Banking at TD Bank. "As businesses navigate shifting rates, evolving supply chains and rising expectations for efficiency, Treasury teams that embrace digital integration now will be better positioned to manage growth and guard against risk. By modernizing treasury systems and improving access to real-time data, businesses can make more timely, strategic decisions that support long-term growth."
Filling Gaps in Fraud Prevention
The call for integration extends to another issue facing the treasury industry: fraud prevention. Fraud continues to be a significant and rapidly evolving threat within the treasury and broader financial services industry. As organizations process increasingly higher volumes of transactions across multiple channels, the complexity and frequency of fraudulent schemes, such as business email compromise, payment diversion, and cyberattacks have grown substantially. Losses from financial fraud can be severe, resulting in not only immediate monetary impact but also in reputational damage and erosion of stakeholder trust.
According to TD's survey, while 82% of treasury professionals express confidence in their fraud defenses, 62% of employees still fail fraud tests.
“As fraudsters become sophisticated, maintaining a rigorous security posture has never been more critical. Effective defense starts within, through best practices, employee education, and proactive risk management. At TD Bank, fraud prevention is a top priority. We are committed to safeguarding our clients from fraudulent attacks and are regularly educating clients on the best ways to protect themselves from scams and cybercrimes, through curated programs like the TD Security Awareness for Everyone (TD SAFE) which offers resources, in-person sessions, and virtual seminars," added Gregory.
To strengthen defenses, respondents identified key areas where additional support and solutions are needed to mitigate fraud risk:
- Vendor or payment verification tools (29%)
- Real-time monitoring and alerts (28%)
- Employee training and awareness programs (17%)
"Proactive measures are the most effective way to stay ahead of fraud, and these findings highlight where businesses need to focus their efforts. Fraud mitigation isn’t just about technology, it’s about a layered approach," added Gregory. "Companies need to prioritize proactive tools and education to help teams stay ahead of potential threats."
About TD Bank, America's Most Convenient Bank®
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S. by assets, providing over 10 million customers with a full range of retail, small business and commercial banking products and services at more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Auto Finance, a division of TD Bank, N.A., offers vehicle financing and dealer commercial services. TD Bank and its subsidiaries also offer customized private banking and wealth management services through TD Wealth®. TD Bank is headquartered in Mount Laurel, N.J. To learn more, visit www.td.com/us. Find TD Bank on Facebook at www.facebook.com/TDBank and on Instagram at www.instagram.com/TDBank_US/.
TD Bank is a subsidiary of The Toronto-Dominion Bank, a top 10 North American bank. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit www.td.com/us.
Media Contact:
Oindrila Hazra
TD Bank
Corporate Communications Manager
Oindrila.Hazra@td.com