Recently, our CEO and founder, Emmanuel de Rességuier, recorded an insightful podcast episode with a prominent French treasury agency, addressing the future of corporate banking. Though originally in French, we've distilled the key insights and major themes here for our English-speaking audience.
You can also listen to the original podcast in French recorded with the team from AKSI.FR here.
Emmanuel opened the discussion by highlighting the persistent challenges that companies face when managing multiple banking relationships:
"Companies today operate in what seems like a multi-banked environment, but in reality, they are often prisoners of legacy systems and opaque processes," Emmanuel explained.
Despite operating in what appears to be a "multi-banked" environment, most corporations still find themselves constrained, lacking the true freedom to manage their finances with agility and independence.
As an alternative to these traditional constraints, Emmanuel introduced the concept of Virtual In-House Banking (VIHB). This approach allows companies to:
"Virtual In-House Banking is about giving companies the technological and operational keys to manage their own banking universe, without being locked into the rigid structures of their partners," Emmanuel emphasised.
By implementing a VIHB model, companies are no longer bound to the limitations of traditional banking relationships. Instead, they gain the flexibility to orchestrate their banking activities according to their own needs and timelines.
Another major theme discussed was the changing role of the corporate treasurer. As banking models evolve, so does the expectation placed on treasury teams:
"Tomorrow's treasurer will not just be a custodian of cash; they will be an architect of financial strategy and technology integration," said Emmanuel.
In this new paradigm, the treasurer becomes a critical architect of financial agility and resilience.
Finally, Emmanuel touched on how banks themselves must adapt:
"Banks that embrace openness and flexibility will thrive. Those that cling to closed, proprietary models will struggle to meet the evolving needs of corporate clients," Emmanuel predicted.
At Fennech Financial, we believe the future of banking lies in empowering companies to reclaim control over their financial operations. The model of Virtual In-House Banking offers a practical and innovative path forward.
We are proud to share these insights with you and remain committed to helping organisations navigate the new era of corporate banking with agility and confidence.
Contact our team today if you'd like to learn more about how Fennech can support your treasury transformation journey.
