The ACT Middle East Treasury Summit 2024 will bring together the region’s treasurers and finance professionals for two days of innovative content, insightful discussions, and valuable networking opportunities. This year’s summit taking place on 24-25 September at the modern Grand Hyatt, Dubai, for the first time.
CFTE as a proud Knowledge Partner, joining together with 700 treasury and finance professionals to explore the latest developments in treasury, including cash management, funding, foreign exchange, and broader themes such as sustainability, technology, and geopolitics.
The event will provide an annual update for the region’s treasury community, helping attendees identify emerging opportunities and stay informed on current trends in the Middle East’s treasury space through informative sessions, strategic keynotes, and hands-on workshops.
Emirates Development Bank (EDB) Drives National Development and SME Growth at ACT Middle East Treasury Summit 2024
At the ACT Middle East Treasury Summit 2024, Emirates Development Bank (EDB) reaffirmed its vital role in supporting both national development and the growth of small and medium-sized enterprises (SMEs). With SMEs facing growing challenges due to tightening liquidity and rising interest rates, EDB emphasized its commitment to closing these financing gaps through innovative solutions. By offering long-term, competitively priced loans and establishing partnerships with 11 major UAE banks, EDB is improving SME access to finance. These partnerships include partial guarantees of up to 50%, making it easier for SMEs to secure the funding they need. Additionally, EDB introduced its Development Impact Scorecard to ensure that all funded projects align with the UAE’s national priorities.
EDB’s participation in the summit reinforced its focus on fostering growth in critical sectors of the UAE economy, supporting the country’s economic diversification. Through tailored financial solutions, including flexible loan programs and educational initiatives like The Business Lab, EDB aims to strengthen SME resilience and drive innovation.
Celebrating Excellence at the ACT Middle East Treasury Awards 2024
On 24 September 2024, the prestigious ACT Middle East Treasury Awards took place at the Grand Hyatt in Dubai, during an elegant networking dinner. The event brought together leading professionals from the treasury and finance sectors to recognize and celebrate the remarkable achievements of corporate treasurers and their teams across the region.
These awards spotlighted innovation and excellence in corporate treasury, highlighting companies and individuals who have made significant contributions to their field. The winners demonstrated outstanding strategic thinking, resilience, and innovative approaches in navigating today’s dynamic financial landscape. The event not only celebrated these achievements but also provided a platform for industry professionals to connect and exchange insights, further strengthening the region’s treasury community.
It was an evening of recognition and collaboration, as the region’s top treasurers were honored for their contributions to driving growth, improving risk management, and adopting innovative financial solutions in their organizations.
CFTE’s Co-Founder participated in a silent theatre with Janet Legge from the Association of Corporate Treasurers
As a knowledge partner for the summit, CFTE shared insights on the role of Generative AI in shaping the future of treasury. Tram Anh Nguyen also participated in a “Silent Theatre Session” with Janet Legge from the Association of Corporate Treasurers, where they discussed the relevance of AI for treasury professionals and how the technology has been transformative in the daily use of treasurers in the digital economy.
Tram Anh Nguyen, Co-Founder of CFTE as a speaker in “The Case for Early Adoption of AI Panel Discussion”
Tram Anh Nguyen, co-founder of CFTE, joined a distinguished panel to discuss the early adoption of AI in corporate treasury. The panel, moderated by Chris van Dijl, Founder & Managing Director of Cugavadi, featured insights from industry experts such as Dominic Lynch (Group Treasurer, Exinity) and Deepa Arora (SVP, Advance Analytics, Risk & Regulatory Digital Journey, Mashreq). Together, they explored how AI is transforming treasury functions and the strategic importance of adopting these technologies early on to stay competitive in the digital age.
Use Cases of Artificial Intelligence and Machine Learning in Corporate Treasury
Artificial Intelligence (AI) and Machine Learning (ML) have a growing role in various industries, particularly in fields requiring data-driven insights. In terms of readiness, these technologies rely on factors such as data availability, data quality, and the existing technology landscape. In addition, resource availability and skill sets are critical for successful implementation. Common use cases of AI and ML include cash flow forecasting, fraud prevention, and FX (foreign exchange) risk management. However, challenges remain, especially regarding high implementation costs and maintaining data quality throughout the process, which can hinder the effective integration and scalability of these advanced solutions.
Cash is King, Data is Queen
emphasises the symbiotic relationship between financial liquidity and the data quality
Technology plays a pivotal role, with advancements in AI and ML driving the shift towards data-driven treasury operations. Improved data quality enhances predictive analytics, enabling faster and more informed decision-making. Interfaces and APIs are also crucial in streamlining real-time treasury functions by accelerating information gathering and optimising cash application processes.
This year’s summit highlights how AI is rapidly transforming the finance landscape, and CFTE’s contributions provided attendees with valuable insights into the future skills needed to thrive in this evolving environment. We would like to thank ACT for organising this remarkable event, we were grateful for meeting industry leaders, and regulators at the event and look forward to connecting with you soon.
CFTE, in collaboration with the Association of Corporate Treasurers (ACT), has launched the Generative AI in Corporate Treasury Programme, designed to shape the future of treasury. This programme empowers treasurers by equipping them with the latest GenAI tools, enhancing their skill sets, driving innovation to meet today’s demands of the treasury industry. Join us and learn treasury directly from industry leaders: Generative AI in Corporate Treasury Programme