Treasury Mastermind Feature: Contact a Member
At Treasury Mastermind, we’re dedicated to continually improving the user experience and strengthening the bonds within our community. That’s why we’re thrilled to announce the rollout of an exciting new feature: private messaging. As we embark on this journey to enhance community engagement, it’s essential to understand the significance of facilitating private communication among our members. Beyond the realm of public discourse, private messaging opens up a world of possibilities for deeper collaboration, knowledge sharing, and relationship building. One of the most significant advantages of private messaging is the ability for members to engage in candid conversations without the constraints of public scrutiny. Whether it’s discussing sensitive topics, seeking advice on personal matters, or sharing ideas in a more intimate setting, private messaging empowers our community members to connect on a deeper level. Moreover, private messaging fosters a sense of belonging and camaraderie within our community. By providing a platform for members to communicate directly with one another, we’re creating a space where individuals can forge genuine connections, offer support, and build lasting relationships based on mutual interests and shared goals. So, we are inviting everyone to make us aware of this future. ALSO READ: Introducing Article Sharing on Treasury Mastermind How to get started Follow these steps to contact a member on the forum: Step 1: First, ensure you are a registered member and logged in, then click on the “Treasury forum” menu at the top right and a drop-down menu will appear. Step 2: When the drop-down menu comes up, click on “registered members” to access any member on the forum. Step 3: On the “registered members” page, scroll to find a member or you can use the search bar to search for a specific member you want to chat with. Step 4: When you have identified a member you want to contact, click on their profile and you will be directed to their profile section. Step 5: On the profile section, scroll down, and at the bottom right, click on “send message” and you will be directed to the chat section, where you can send a member a private message. Step 6: In the chat section, you can type your message and then hit send when you are done. Please Note: You can click on a member’s profile anywhere on the forum to also view their profile and send a message to them privately. So, whether you’re a seasoned veteran or a newcomer to our forum, we invite you to take advantage of this exciting new feature and start exploring the possibilities of private messaging. Together, let’s continue to build a vibrant and supportive community where ideas flourish, relationships flourish, and everyone has a voice.
Franklin
Security in Finance for 2024 in a Transformed Banking Landscape
This article is written by Cobase As the corporate finance landscape undergoes rapid transformation in 2024, businesses find themselves at the intersection of innovation and vulnerability. The dispersed banking model, characterized by digital transactions and decentralized operations, poses unique security challenges that necessitate a forward-thinking approach. This shift, while primarily driven by digitalization, also sees Payment Service Providers (PSPs) playing an increasingly supportive role in facilitating seamless financial operations. This blog post delves into the critical security considerations for corporates in this new era, offering insights into maintaining robust security postures amidst evolving risks. The Evolution into 2024: A Dispersed Banking Landscape The transition towards digital banking was significantly accelerated by the global events of 2020-2023, leading to a dispersed banking model characterized by remote operations, digital transactions, and the integration of fintech solutions. A report by the Federal Reserve highlighted a 200% increase in mobile banking traffic and a 150% surge in online account registrations during the initial phase of the pandemic, setting a precedent for the future of banking. The Security Imperatives in 2024 With this digital transformation, the security risks for corporates have evolved, necessitating a reevaluation of traditional security frameworks. Phishing attacks, ransomware, and data breaches are on the rise, with IBM’s Cost of a Data Breach Report 2023 indicating the average cost of a data breach reaching $4.35 million, a stark reminder of the financial and reputational stakes involved. Key Security Considerations for Corporates The Role of Regulatory Bodies and Standards As corporates adapt to the dispersed banking model of 2024, the emphasis on security must be integral to their operational strategy. This involves not just adopting advanced technological solutions but also fostering a holistic approach to security that encompasses regulatory compliance, employee education, and strategic partnerships. Conclusion The journey through 2024 and beyond will be characterized by a delicate balance between embracing the efficiencies of the digital banking landscape and mitigating the inherent security risks. For corporates, the path forward involves a comprehensive security strategy that integrates technological, regulatory, and human elements. By doing so, they can navigate the complexities of this new era with confidence, ensuring the security and integrity of their financial operations in the face of evolving threats. Corporates must take a proactive stance in enhancing their security measures, staying abreast of regulatory changes, and fostering a culture of continuous improvement and vigilance in cybersecurity practices. By doing so, they can protect their assets, maintain customer trust, and thrive in the dynamic world of finance in 2024 and beyond. Also Read Join our Treasury Community Treasury Masterminds is a community of professionals working in treasury management or those interested in learning more about various topics related to treasury management, including cash management, foreign exchange management, and payments. To register and connect with Treasury professionals, click [HERE] or fill out the form below to get more information. Notice: JavaScript is required for this content.