Mastercard Platform Delivers Data-Driven Treasury Intelligence

Rhea-AI Summary

Mastercard has unveiled its Global Treasury Intelligence, a cloud-based analytics platform designed for banks, corporations, and governments to enhance visibility into payment flows. This innovative service aims to improve financial strategies related to cash management and ESG goals, addressing a significant gap highlighted by a poll where 91% of treasury professionals still rely on spreadsheets for forecasting. The platform offers data automation from ERP systems, allowing users to analyze payment flows more efficiently. HSBC is an early adopter, tapping into its collaborative insights.

Positive

• Launch of Global Treasury Intelligence enhances Mastercard's service suite.
• Addresses treasury professionals' needs for better data visibility.
• Enables automation of data from ERP systems for holistic payment flow analysis.
• HSBC's early adoption indicates strong market interest and credibility.

Negative

• None.

On display at Sibos is the latest innovation in Mastercard’s expansive services suite which will be used by banks, corporates, and governments to gain greater visibility into payment flows, enabling collaborative, data-driven business decisions

PURCHASE, N.Y.--(BUSINESS WIRE)-- Businesses often struggle with visibility into how and where they spend money—and with which suppliers. In a recent poll of treasury professionals, 91% of respondents noted they still used spreadsheets for forecasting¹. To address this need, Mastercard today announced the launch of Global Treasury Intelligence, a cloud-based analytics platform that enables organizations to execute more effective and sustainable financial strategies, and support corporate priorities such as cash management, risk assessment and ESG goals.

Global Treasury Intelligence: A collaborative platform to drive meaningful, strategic decision-making (Graphic: Business Wire)

By automating data ingestion from clients’ Enterprise Resource Planning (ERP) systems, Global Treasury Intelligence provides a view of all payment flows across suppliers, commodities, and lines of business, integrated with relevant third-party data. This holistic view means companies can more efficiently and collaboratively analyze global payments and manage risks. It can be used for narrow applications like identifying opportunities for expansion of commercial cards, as well as broader applications like cash management, source to settle pay strategies, treasury services optimization, supplier ESG scoring, and Know Your Supplier assessments.

“HSBC is an early adopter of Mastercard’s Global Treasury Intelligence because of the insights it gives us into the needs of our clients. By unlocking this data-driven collaboration with our customers, we see how to best help them achieve their goals for treasury,” said Brian Tomkins, Global Head of Commercial Cards, HSBC.

The latest commercial-focused solution from Mastercard, the platform is designed to better support and advance digital payments for existing corporate customers. The platform captures commercial payment flows to support customer product needs today, including purchasing cards, procurement offerings and Travel & Entertainment (T&E) technology.

“The health of the business does not sit in just one team or silo. With Global Treasury Intelligence, we are providing the broad, interconnected views our customers need to make smarter decisions with better outcomes across their enterprises,” said Raj Seshadri, President, Data & Services, Mastercard. “This solution is a powerful addition to our suite of insights and analytics services. The insights it offers will help our customers to realize the full value of innovative Mastercard solutions such as Track BPS and Mastercard Instant Pay.”

Starting today, the analytics platform will be available to customers in most markets around the world and you can view a digital interactive preview of the service here. For those attending the annual Sibos financial conference, Mastercard will be in attendance from October 10-13, during exhibition hours at stand D06 for live demonstrations of the platform.

Mastercard Global Treasury Intelligence was developed in collaboration with Robobai, a global provider of source-to-settle analytics with nearly $1 trillion dollars of spend under management.

About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments, and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

¹ Strategic Treasurer. 2021 Cash Forecasting & Visibility Survey Results

View source version on businesswire.com: https://www.businesswire.com/news/home/20221009005039/en/

Julia Monti

Julia.Monti@Mastercard.com

(914) 249-6135

Source: Mastercard Investor Relations

FAQ

What is Mastercard's Global Treasury Intelligence?

Global Treasury Intelligence is a cloud-based analytics platform that improves visibility into payment flows for businesses, banks, and governments.

How does Global Treasury Intelligence help businesses?

It automates data ingestion from ERP systems, enabling effective cash management, risk assessment, and support for ESG goals.

When was Global Treasury Intelligence launched?

Mastercard announced the launch of Global Treasury Intelligence on October 10, 2022.

Which company is an early adopter of Mastercard's Global Treasury Intelligence?

HSBC is an early adopter of the Global Treasury Intelligence platform.

What are the benefits of using Global Treasury Intelligence?

The platform allows for better analysis of payment flows, enhances decision-making, and supports various business strategies.

How does Global Treasury Intelligence relate to the stock symbol MA?

Mastercard, associated with the stock symbol MA, is the company behind the Global Treasury Intelligence offering.