Treasury relies heavily on the products and services offered by various financial service providers (FSPs), notably banks, and plays an important role in selecting FSPs and managing these relationships. This includes many responsibilities, such as day-to-day communication regarding transaction inquiries, performance evaluations and relationship reviews based on agreed-upon metrics and objectives. MORE.

Recent Articles

  • Feb 6, 2024

    How to Conduct a Successful RFP for a Financial Service Provider

    It's not always easy to figure out which FSP is the best fit for your organization. The decision to engage a specific FSP for one service or product can have ripple effects on how you manage your relationship with them. Whether an organization opts for a formal selection process depends on its procurement policy. One common selection method is the request for proposal (RFP) process.
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  • Nov 13, 2023

    Five Insights on Bank Relationship Management

    The importance of the relationship between treasury professionals and banks cannot be overstated. It’s one that needs to be managed as closely as any other treasury risk, as positive banking relationships create a system of financial stability and resiliency.
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  • Oct 6, 2023

    Global AFP Service Codes Committee Review

    In collaboration with the SWIFT CGI-MP, the Association for Financial Professionals has published an updated version of the AFP Global Service Codes used in all ISO 20022 bank fee reporting files. Recognized as the global standard by more than 30 of the world’s largest commercial banks, the AFP Global Service Codes, when included in bank billing camt.086 or TWIST file formats, provide transparency into their costs for cash management, trade, and card services across their banking network.
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