The Treasury Update Podcast

In this episode, Paul Galloway and Craig Jeffery discuss why treasury teams need clear policies for using AI as these tools become part of everyday work. They cover data privacy, approved tools, human oversight, training, accountability, and how to keep governance up to date as AI evolves. Workshop: AI Considerations and Uses in Treasury Episode 422: AI Limitations and Opportunities in Treasury (V...

Join Craig Jeffery and Blake Evans , Global Head of Customer Advisory at SAP Taulia , and Tarangini Desawar , Senior Product Marketing Manager at SAP Taulia, as they discuss balancing working capital goals with supply chain health. Learn how leading companies extend payment terms across their entire supplier base using technology alongside supply chain finance, dynamic discounting, and virtual car...

In this episode, Craig Jeffery and Wes Bryant of SouthState Bank explore the overlapping changes reshaping payments, from instant payment rails and richer ISO 20022 data to evolving fraud threats and Nacha requirements. They discuss the shift from trust-based to verified payments and practical ways treasury teams can strengthen controls, improve visibility, and stay ahead of change. Webinar: Payme...

In this episode, Craig Jeffery and Paul Galloway explain what Swift's ISO 20022 deadline changes mean for corporate treasury. They distinguish the delayed structured-address requirement from other messaging changes and discuss why teams should use the extra time to clean payment data, inventory workflows, coordinate with banks, and complete testing.  Swift: ISO 20022 Structured Address Deadline Up...

In this episode, Craig Jeffery and Sue Hill of Federated Hermes discuss what is changing under Fed Chair Kevin Warsh following the September rate hike. They examine Warsh's reduced-forward-guidance approach, the Fed's new policy task forces, inflation and employment priorities, and what investors should watch as markets adjust to a less communicative Fed. Webinar: Fed's New Chapter: Communication,...

In this episode, Craig Jeffery and Stephan Ireland of Open Fees examine why bank fee management is easy to avoid but costly to ignore. They discuss what account analysis statements can reveal about unnecessary services, internal behavior, and control gaps, and how automation can turn a tedious monthly review into actionable insight for managing banking relationships. Webinar: Managing Banking Rela...

In this episode, Craig Jeffery and Anders Meinert Jørgensen of Avallone discuss why KYC remains one of treasury's biggest operational pain points and how technology can reduce the burden. They explore AI-assisted responses, data security, human oversight, and how KYC may evolve as digital identity and shared utility models mature. Why KYC Is No Longer Just a Compliance Issue for Treasury (Avallone...

In this episode, Craig Jeffery and Ryan Castle of Conduit Security examine how sophisticated wire fraud schemes exploit legitimate payment processes. Drawing on real-world cases and Ryan's former FBI experience, they discuss compromised email accounts, altered payment instructions, deepfakes, money mules, and the pressure criminals use to bypass otherwise sound controls. They also explore treasury...

In this episode, Craig Jeffery and Paul Galloway discuss the economic conditions treasury teams should be watching through the remainder of 2026. They cover Fed leadership, inflation, labor markets, liquidity, working capital, geopolitical risk, tariffs, sanctions, and the importance of using reliable data and banking relationships to stay informed. Liquidity Stress Testing: Preparing Treasury for...

In this episode, Craig Jeffery and Paul Galloway discuss what separates high-performing treasury organizations from the rest. They explore the importance of strong fundamentals, continuous improvement, people development, cross-training, standardized processes, proactive risk management, and technology that supports better decision-making. The discussion also offers practical steps treasury teams...

In this episode, Paul Galloway and Craig Jeffery discuss how treasury leaders can make better decisions when resources, time, and management attention are limited. They examine how to prioritize competing initiatives, balance short-term wins with long-term strategy, avoid reacting only to urgent issues, and evaluate investments in the broader context of the organization. The discussion also covers...

In this episode, Paul Galloway and Craig Jeffery discuss treasury technology debt, the hidden burden created when legacy systems and infrastructure continue to work but increasingly limit flexibility, security, and future capabilities. They explain how treasury teams can assess technology and identify where outdated tools create the most drag, and how to prioritize upgrades without trying to repla...

In this episode, Craig Jeffery and Karthik Manimozhi of Eftsure discuss how AI is reshaping payment fraud and the controls treasury teams need to protect payment integrity without sacrificing efficiency. They examine the three core questions of how to ensure payments go to the right payee, at the right amount, and at the right time, along with the need for a control tower spanning AP, treasury, ba...

In this episode, Craig Jeffery and Arjun Krishnan discuss five key limitations of enterprise AI in treasury: data quality, pattern-based reasoning without true understanding, difficulty handling novel situations, variable outputs, and limited explainability. They also explore the opportunities and solutions behind these constraints, including AI-assisted data cleanup, anomaly detection, stronger c...

In this episode, Lee Patton and Craig Jeffery discuss what corporate treasury teams must do to prepare for the November 2026 ISO 20022 structured address requirements. They discuss why the rules can affect organizations even when they do not originate ISO 20022 files, how incomplete payment inventories and address data can cause rejections, and why treasury, AP, IT, banks, and service providers mu...

In this episode, Craig Jeffery speaks with Arjun Krishnan of Valorean Technologies about the automation spectrum in treasury, moving from rules-based processing and analytics to AI assistance and autonomous agentic systems. They discuss practical AI use cases including cash forecasting, hedge management, fraud detection, payment processing, document processing, reconciliation, and natural language...

In this episode, Craig Jeffery speaks with Ryan Frederick of Transform Labs about the personal side of AI transition and what professionals should understand as AI reshapes work. They discuss why companies must treat AI as a core operating capability, not just a faster tool, and how staff can move from task-oriented work toward higher-value contributions involving judgment, relationships, problem-...

In this episode,  Lee Patton speaks with Craig Jeffery of Strategic Treasurer about the 2026 ACH rule changes and what they mean for corporate treasury teams. They discuss the new company ID requirements, expanded risk-based fraud monitoring requirements, and which organizations must comply. Craig explains the importance of ACH fraud risk assessments, written policies and procedures, annual review...

In this episode, Craig Jeffery speaks with Ryan Frederick of Transform Labs about how artificial intelligence is reshaping corporate strategy, operating models, and the broader economy. They discuss AI investment, automation, AI operating systems, and why organizations should view AI as a business transformation initiative rather than simply another software tool. The conversation explores how com...

In this episode,  Craig Jeffery  speaks with  Nathan Dixon  of  Deluxe  about how treasury and accounts receivable teams can transform fragmented payment data into actionable intelligence. They contrast traditional process-focused approaches with data-centric approaches, exploring how AI and advanced analytics can improve cash application, reduce exceptions, identify payer risk, accelerate forecas...

In this episode, Paul Galloway of Strategic Treasurer discusses liquidity stress testing and how treasury teams can prepare for market shocks and operational disruptions. The conversation explores sensitivity testing, scenario analysis, supply chain vulnerabilities, funding risks, counterparty exposure, and contingency planning. They also examine the differences between corporate liquidity stress...

In this episode, Paul Galloway speaks with Craig Jeffery of Strategic Treasurer about operational complexity in treasury and the hidden costs it creates over time. They discuss how growth, acquisitions, new payment rails, evolving regulations, and fragmented systems contribute to increasing complexity across treasury operations. The conversation explores the impact of manual processes, defects, in...

In this episode, Craig Jeffery and Christin Cifaldi of Strategic Treasurer discuss the technology component of modern payment security and the ideas covered in Strategic Treasurer's recent Payment Security Report. They explore how fraud threats are evolving through AI-enabled attacks, deepfakes, increasingly sophisticated criminal organizations, and efforts to bypass security controls. The convers...

In this episode, Paul Galloway speaks with Craig Jeffery of Strategic Treasurer about AI governance, operational risk, and the growing role of artificial intelligence in treasury. They discuss how organizations should approach AI adoption thoughtfully, balancing efficiency gains with oversight, accountability, and data quality. The conversation explores governance frameworks, human-in-the-loop con...

In this episode, Craig Jeffery speaks with Paul Galloway of Strategic Treasurer about the shift toward real-time treasury and instant payments. They discuss RTP, FedNow, faster payment execution, improved visibility, and the operational changes treasury teams must consider as payment speed increases. The conversation also covers fraud risk, payment finality, approval workflows, transaction limits,...