Skip to main content
1064
• Jan 16, 2018

Electronic payments. Cryptocurrency. Artificial intelligence. What once were words in science fiction movies are moving into the realm of possibility in commercial payments and banking, according to TD Bank's 2017 Treasury Management Survey.

TD polled 340 corporate treasurers and other finance professionals at the 2017 Association for Financial Professionals Annual Conference in San Diego, California, to learn more about their investment priorities and near-term business plans.

For 2018 and beyond, finance professionals name process automation (31 percent), distributed ledger/blockchain (23 percent) and artificial intelligence/robotics (15 percent) as the top disruptive technologies that will have the largest impact on their jobs over the next two to three years.

1068.jpg#asset:2143

Other key insights from the survey:

Finance professionals will prepare for technological/electronic changes by:

  • Leveraging solutions from fintech providers – 31 percent
  • Developing in-house technology to get a leg up on competitors – 23 percent
  • Hiring more tech savvy employees to keep up with the trends – 15 percent
  • Taking a "wait and see" approach – 29 percent

Commercial payments innovation will happen through:

  • Faster or real-time processing: 52 percent
  • Improved mobile applications: 20 percent
  • Higher security/lower risk of fraud: 18 percent
  • Developing consistent remittance formats and data: 9 percent
Want to learn more about Innovation?
Continuing Our Journey Toward a More Connected Customer Experience
COVID-19 Hammers Corporate Outlook While Catalyzing Technology Expansion, According to TD Bank and Strategic Treasurer Annual Survey
TD Bank Names Jo Jagadish Head of Commercial Operating Products and Payment Innovation

See you in a bit

You are now leaving our website and entering a third-party website over which we have no control.

Continue to site Return to TD Stories

Neither TD Bank US Holding Company, nor its subsidiaries or affiliates, is responsible for the content of the third-party sites hyperlinked from this page, nor do they guarantee or endorse the information, recommendations, products or services offered on third party sites.

Third-party sites may have different Privacy and Security policies than TD Bank US Holding Company. You should review the Privacy and Security policies of any third-party website before you provide personal or confidential information.