What treasury management covers
The function is the same in a retailer and in a payment institution, and covers:
- Cash visibility: balances across every bank, provider and wallet, in one view
- Liquidity: forecasting money in and out, and keeping a buffer
- Funding: moving money so that each account has what it needs
- FX: converting currencies and hedging exposure to rate moves
- Counterparty risk: limits on how much sits with any one bank or provider
- Yield: placing surplus cash safely
Treasury in a payments or crypto business
A payment firm's treasury is unusual because most of the money is not its own. Customer funds are safeguarded or segregated and cannot be used to run the business, so treasury manages two pools that must never mix: clients' money and the firm's.
Speed raises the stakes. Instant payments and payouts leave at any hour, so accounts with each bank, scheme and payout partner are funded in advance, and treasury decides how much sits idle in each.
A crypto business adds assets and networks: hot wallet floats, stablecoin balances, and conversion between them and bank money.
What a platform gives treasury
The ledger is treasury's source: positions per currency and per account as they change, forecasts from scheduled payouts and expected settlements, alerts when a balance falls below its floor, and rules that sweep or top up accounts automatically.
Treasury management, cash management or accounting?
- Cash management
- The day-to-day part: balances, payments and collections. Treasury management includes it and adds funding, risk and investment.
- Accounting
- Records what has happened. Treasury looks forward, at what will be needed and where.
- Safeguarding
- The legal duty to protect customers' funds. Treasury operates inside the limits it sets.
Where Treasury management shows up in a platform
Modules that do the work
- LedgerThe double-entry book of record behind every balance, fee and transfer.
- FXCurrency conversion with live rates, your margins and the liquidity provider you choose.
- Accounts & IBANsCustomer accounts with their own IBANs, on the partner bank and the rails you choose.
- Analytics & monitoringProduct analytics, attribution, engagement and crash reports, on a tracking plan you control.