GTreasury is launching an Innovation Lab, expanding on its twice-annual hackathons to explore future treasury technology. Each member of GTreasury’s technology team will have a dedicated cycle within the lab,
Early wins for the new approach are likely to focus on applications of Machine Learning and Artificial Intelligence, with product ideas around BI reporting, risk analysis modules, and a module offering more automated and accurate reconciliation between forecasted and actual treasury payments.
Developers at the lab will turn initial ideas into working proof of concepts. Lab members will vote to select the solutions with the most potential, after which ideas are presented to internal stakeholders and customer representatives. Validated solutions will then move to a production development team to be fully built and integrated into the GTreasury platform.
Ciarán O'Neill, Director – Innovation Lab, GTreasury, said the launch would, 'Accelerate our pursuit of the innovations that it takes to develop and deliver powerful and compelling technological advances to our customers.'
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