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The Worldwide Treasury and Risk Management Industry is Expected to Reach $7 Billion by 2028

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Dublin, June 20, 2022 (GLOBE NEWSWIRE) — The “Global Treasury and Risk Management Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Component, Deployment, Enterprise Size, Application, and End User” report has been added to ResearchAndMarkets.com’s offering.

The global treasury and risk management market is expected to grow from US$ 4739.39 million in 2021 to US$ 7156.90 million by 2028; it is estimated to grow at a CAGR of 6.1% during 2021-2028.

The treasury and risk management market in North America and Europe is growing due to the development of the technology & automotive sectors. With the growing technology sector in North America, there is an increase in the adoption of treasury and risk management solutions/services. As the growth in the technology sector continues, smart companies realize that treasury plays an important role by providing input into strategy and advice to ensure the development is sustainable and financially efficient.

Furthermore, the rapid expansion of technological firms requires efficient cash management and payment and collection methods. The automotive sector in Europe is also growing. Thus, with the continuous growth in the automotive sector, the demand for treasury and risk management is increasing because of several benefits, including the cash management tool, which helps manage the organization’s bank accounts; the automotive treasury function delivers efficiency, control, and scalability; and the comprehensive finance & treasury transformation program in the automotive sector. Therefore, with the growth of technology and automotive sectors in these regions, the demand for treasury and risk management solutions/services is increasing.

The APAC treasury and risk management market is growing due to the rising banking sector. Several banks are experiencing growth in their market capitalization, including China Merchants Bank Co. Ltd., China Construction Bank Corp., Bank of China Ltd., and Agricultural Bank of China Ltd. Further, the number of banks is increasing considerably. Thus, increase in the number of banks and rise in the market capitalization of banks are creating a huge opportunity for treasury and risk management market players.

The treasury and risk management market in the MEA and SAM is growing due to the development of the manufacturing sector in these regions. Factors such as fourth industrial revolution (4IR) growth and government initiatives (Saudi Arabia’s Vision 2030, Bahrain’s Economic Vision 2030, Abu Dhabi’s Economic Vision 2030, and Dubai’s Industrial Strategy 2030 in the UAE) are supporting manufacturing growth across the MEA and SAM. Due to the growth in the manufacturing sector in these two regions, the demand for treasury and risk management solutions/services is forecasted to grow because these solutions/services effectively handle cash management in the manufacturing sector, including payments, account analysis, and statements, and outsourced treasury management solutions that include managed bank connectivity.

Impact of COVID-19 Pandemic on Global Treasury and Risk Management Market

Prior to the COVID-19 pandemic, the demand for treasury and risk management solutions/services was prevalent due to the growing digitalization. For instance, in April 2019, according to the article published by Business Wire, the spending on digital transformation was US$ 1.18 trillion in 2019, an increase of 17.9% over 2018.

As per treasury and risk management market analysis, in 2020, the COVID-19 pandemic remarkably influenced the operations of enterprises and changed some fundamental aspects of businesses. The spread of COVID-19 in 2020 led to global lockdowns in several countries to avert the crisis and minimize the risk of infection. This created a major boom in the adoption of digital technologies to keep enterprises functional during the COVID-19 outbreak. Most enterprises shifted to cloud infrastructure and continued their operations while maintaining lockdown restrictions.

Moreover, the COVID-19 pandemic pushed businesses to think of the future of corporate treasury in line with digitization, integrated risk management, and a renewed focus on cost optimization and cash management. Thus, the adoption of treasury and risk management solutions/services witnessed a rise in 2020. Therefore, the overall COVID-19 pandemic impact on the treasury and risk management market was positive in 2020.

The key companies operating in the treasury and risk management market include Broadridge Financial Solutions, Inc.; FIS; Oracle Corporation; Pricewaterhousecoopers International Limited (PWC); SAP SE; Fiserv, Inc.; Calypso Technology, Inc (Adenza); Kyriba Corp; Mors Software; and Wolters Kluwer.

Key Topics Covered:

1. Introduction

2. Key Takeaways

3. Research Methodology

4. Treasury and Risk Management Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. Treasury and Risk Management Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Financial Analytics Services
5.1.2 Growing Use of Cloud-Based Treasury and Risk Management Platforms
5.2 Market Restraints
5.2.1 Availability of Open-Source Treasury and Risk Management Platforms
5.3 Market Opportunities
5.3.1 Rising Spending in Information and Communications Technology Sector
5.4 Future Trends
5.4.1 Growing Use of Artificial Intelligence in Various Verticals
5.5 Impact Analysis of Drivers and Restraints

6. Treasury and Risk Management Market – Global Market Analysis
6.1 Global Treasury and Risk Management Market Overview
6.2 Global Treasury and Risk Management Market Forecast and Analysis
6.3 Market Positioning- Top Five Players

7. Treasury and Risk Management Market Analysis – By Component
7.1 Overview
7.2 Treasury and Risk Management Market, By Component (2020 and 2028)
7.3 Solution
7.3.1 Overview
7.3.2 Solution: Treasury and Risk Management Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Services: Treasury and Risk Management Market – Revenue and Forecast to 2028 (US$ Million)

8. Treasury and Risk Management Market Analysis – By Deployment
8.1 Overview
8.2 Treasury and Risk Management Market, By Deployment (2020 and 2028)
8.3 Cloud based
8.3.1 Overview
8.3.2 Cloud based: Treasury and Risk Management Market – Revenue and Forecast to 2028 (US$ Million)
8.4 On-premises
8.4.1 On-premises: Treasury and Risk Management Market – Revenue and Forecast to 2028 (US$ Million)

9. Treasury and Risk Management Market Analysis – By Enterprise Size
9.1 Overview
9.2 Treasury and Risk Management Market, By Enterprise Size (2020 and 2028)
9.3 Small & Medium-Size Enterprises
9.3.1 Overview
9.3.2 Small & Medium-Size Enterprises: Treasury and Risk Management Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Large Enterprises
9.4.1 Large Enterprises: Treasury and Risk Management Market – Revenue and Forecast to 2028 (US$ Million)

10. Treasury and Risk Management Market – By Application
10.1 Overview
10.2 Treasury and Risk Management, by Application (2020 and 2028)
10.3 Account Management
10.3.1 Overview
10.3.2 Account Management: Treasury and Risk Management Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Cash and Liquidity Management
10.4.1 Overview
10.4.2 Cash and Liquidity Management: Treasury and Risk Management Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Compliance and Risk Management
10.5.1 Overview
10.5.2 Compliance and Risk Management: Treasury and Risk Management Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Financial Resource Management
10.6.1 Overview
10.6.2 Financial Resource Management: Treasury and Risk Management Market – Revenue and Forecast to 2028 (US$ Million)

11. Treasury and Risk Management Market Analysis – By End User
11.1 Overview
11.2 Treasury and Risk Management Market, By End User (2020 and 2028)
11.3 BFSI
11.3.1 Overview
11.3.2 BFSI: Treasury and Risk Management Market – Revenue and Forecast to 2028 (US$ Million)
11.4 IT and Telecom
11.4.1 IT and Telecom: Treasury and Risk Management Market – Revenue and Forecast to 2028 (US$ Million)
11.5 Retail and Ecommerce
11.5.1 Retail and Ecommerce: Treasury and Risk Management Market – Revenue and Forecast to 2028 (US$ Million)
11.6 Manufacturing and Automotive
11.6.1 Manufacturing and Automotive: Treasury and Risk Management Market – Revenue and Forecast to 2028 (US$ Million)
11.7 Healthcare
11.7.1 Healthcare: Treasury and Risk Management Market – Revenue and Forecast to 2028 (US$ Million)
11.8 Others
11.8.1 Others: Treasury and Risk Management Market – Revenue and Forecast to 2028 (US$ Million)

12. Treasury and Risk Management Market – Geographic Analysis

13. Impact of COVID-19 Pandemic on Treasury and Risk Management Market
13.1 Overview
13.2 North America: Impact Assessment of COVID-19 Pandemic
13.3 Europe: Impact Assessment of COVID-19 Pandemic
13.4 APAC: Impact Assessment of COVID-19 Pandemic
13.5 MEA: Impact Assessment of COVID-19 Pandemic
13.6 SAM: Impact Assessment of COVID-19 Pandemic

14. Industry Landscape
14.1 Overview
14.2 Market Initiative
14.3 Merger and Acquisition
14.4 New Development

15. Company Profiles
15.1 Broadridge Financial Solutions, Inc.
15.1.1 Key Facts
15.1.2 Business Description
15.1.3 Products and Services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 FIS
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and Services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 Oracle Corporation
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and Services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 Pricewaterhousecoopers International Limited (PWC)
15.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and Services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 SAP SE
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and Services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 Fiserv, Inc.
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and Services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
15.7 Calypso Technology, Inc (Adenza)
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Products and Services
15.7.4 Financial Overview
15.7.5 SWOT Analysis
15.7.6 Key Developments
15.8 Kyriba Corp
15.8.1 Key Facts
15.8.2 Business Description
15.8.3 Products and Services
15.8.4 Financial Overview
15.8.5 SWOT Analysis
15.8.6 Key Developments
15.9 Mors Software
15.9.1 Key Facts
15.9.2 Business Description
15.9.3 Products and Services
15.9.4 Financial Overview
15.9.5 SWOT Analysis
15.9.6 Key Developments
15.10 Wolters Kluwer
15.10.1 Key Facts
15.10.2 Business Description
15.10.3 Products and Services
15.10.4 Financial Overview
15.10.5 SWOT Analysis
15.10.6 Key Developments

16. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/n57oe8

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Artificial Intelligence

Brainomix Achieves Breakthrough with FDA Clearance of e-Lung AI Software

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Established market leader in stroke AI imaging receives its first FDA clearance in the lung imaging space.With this expanded foundation of AI-driven healthcare solutions, the Oxford-based company remains committed to driving innovation and delivering impactful advancements in imaging biomarkers.OXFORD, England, and CHICAGO, May 17, 2024 /PRNewswire/ — Brainomix, a pioneer in artificial intelligence (AI) imaging solutions to enable precision medicine, is proud to announce the FDA clearance of its latest product, Brainomix 360 e-Lung. Brainomix’s entry into the lung imaging space follows a series of successful clearances and widespread clinical adoption of its Brainomix 360 Stroke platform in both the US and Europe.

The clearance of e-Lung marks a significant milestone in Brainomix’s journey to expand its footprint in medical imaging beyond stroke-related applications and represents a notable step forward in the quest for advanced lung imaging solutions. The company, with its rich academic heritage and record of scientific excellence, will expand its research collaborations in the pulmonology space to yield new insights to inform future iterations of e-Lung and chart a path towards continual improvements for the lung imaging technology.
Dr Deji Adegunsoye, Assistant Professor of Medicine and Scientific Director of the Interstitial Lung Disease Program at University of Chicago Medicine, said: “This is an exciting step for Brainomix, who have a demonstrated track record of developing novel AI-based solutions in stroke and are now applying that expertise to develop innovative tools in the lung space. The preliminary data for e-Lung is impressive and would indicate that we have a promising tool that could help to expedite healthcare delivery and improve clinically meaningful outcomes for patients with lung disease.”
Brainomix recently announced the publication of a new study1 in the prestigious peer-reviewed journal American Journal of Respiratory and Critical Care Medicine (AJRCCM), resulting from a research collaboration with AstraZeneca. The results showed that Brainomix’s proprietary lung imaging biomarkers, which include the weighted reticulovascular score (WRVS), stratified patients at risk of Idiopathic Pulmonary Fibrosis (IPF) progression, outperforming standard measures.
Dr Michalis Papadakis, CEO and Co-Founder of Brainomix, said: “We are harnessing our expertise in AI-powered imaging to develop novel biomarkers in other disease indications where AI can support imaging-based diagnostic and treatment decisions.
“This e-Lung FDA clearance reflects our focus on developing innovative solutions that empower healthcare professionals with cutting-edge tools for sophisticated disease evaluation, enhancing access to treatments that can ultimately work to improve patient outcomes.”
Brainomix will be presenting its latest e-Lung data at the American Thoracic Society (ATS) annual conference in San Diego May 17th – 22nd, including results from research collaborations with Heidelberg University and with Seattle-based Avalyn Pharma.
Am. J. Respir. Crit. Care Med.: 2024 Feb 16 – e-Lung CT Biomarker Stratifies Patients at Risk of IPF Progression in a 52-Week Clinical Trialhttps://www.atsjournals.org/doi/abs/10.1164/rccm.202312-2274LEAbout Brainomix
Brainomix specializes in the creation of AI-powered software solutions to enable precision medicine for better treatment decisions in stroke and lung fibrosis. With origins as a spin-out from the University of Oxford, Brainomix is an expanding commercial-stage company with offices in the UK, Ireland and the USA, and operations in more than 30 countries. A private company, backed by leading healthtech investors, Brainomix has innovated award-winning imaging biomarkers and software solutions that have been clinically adopted in hundreds of hospitals worldwide. Its first product, the Brainomix 360 stroke platform, provides clinicians with the most comprehensive stroke imaging solution, driving increased treatment rates and improving functional independence for patients.
To learn more about Brainomix and its technology visit www.brainomix.com, and follow us on Twitter, LinkedIn and Facebook.
Contacts
Jeff Wyrtzen, Chief Marketing & Business Development [email protected] +44 (0)7927 164210T +44 (0)1865 582730
Media enquiries
Charles ConsultantsSue [email protected] M +44 (0)7968 726585
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CUBE acquires global regulatory intelligence businesses from Thomson Reuters

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LONDON, May 17, 2024 /PRNewswire/ — CUBE, a global leader in Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM), announces today its acquisition of the Thomson Reuters Regulatory Intelligence and Oden products and businesses.

The acquisition of these global businesses represents a major step forward in CUBE’s growth plans. It will deliver significant scale across many of the world’s leading and systemically important financial institutions. CUBE’s existing global customer base will be expanded to total approximately 1,000 customers in banking, insurance, asset and investment management, payments and adjacent regulated industries.
CUBE’s global employees will expand to 600, of which close to 250 are highly qualified regulatory subject matter experts, legal and compliance professionals.
Ben Richmond, founder and CEO of CUBE said: “Thomson Reuters is known to be the biggest and best in the industry for providing regulatory expert analysis and subject matter expertise, alongside world-leading journalism and news. The combination of CUBE’s purpose-built AI, with the years of content curated by Thomson Reuters Regulatory Intelligence and Oden expert analysts, will accelerate innovation. Together, we will deliver regulatory transformation capabilities for our global customers that could only have been imagined before.”
Richmond continues: “This combination will provide tremendous scale and depth across CUBE’s regulatory content and technology. It is a significant step toward creating an industry-defining regulatory compliance and risk platform that will benefit all customers and elevate the industry as a whole.”
Through this acquisition, CUBE will provide an expanded and comprehensive selection of specialized regulatory intelligence and regulatory change services, committed to excellence, quality, and highly contextualised and meaningful regulatory content for customers. By combining cutting-edge technology and subject matter expertise at scale CUBE will set a new bar for the industry in regulatory automation and content.
Chris Maguire, General Manager, Risk and Fraud, Corporates, Thomson Reuters said: “It was clear to us that CUBE had established itself as a leading regulatory intelligence provider for global enterprise clients in the financial services and insurance sectors. We wanted to ensure our customers and employees could work with an organisation that would continue to innovate and significantly invest in solutions like Thomson Reuters Regulatory Intelligence and Oden. We are working tirelessly to ensure a seamless and value-enhancing transition for customers and employees, and we are looking forward to working with the CUBE team during this transition.” 
Christopher Fielding, Hg, said: “We’re delighted to further extend our market reach, bringing in two high quality and complementary global businesses to the CUBE platform.”
Thomas Martin, Hg, added: “We see these acquisitions as enabling further innovation in the regulatory intelligence and change management sector, leading to strengthened demand for these quality solutions across the globe.”
The terms of the transaction will not be disclosed.
About CUBE
CUBE provides a highly comprehensive and robust source of classified, and meaningful AI-driven regulatory data to power its Automated Regulatory Intelligence (ARI) and Regulatory Change Management (RCM) solutions. CUBE’s purpose-built regulatory technology including its AI engine (RegBrain) and software platform (RegPlatform) tracks, analyses, and monitors laws, rules, and regulations in every country and in every published language to create an always up-to-date regulatory footprint that transforms visibility and compliance capability for customers across the globe.
With operations across Europe, North America, Canada, Asia, and Australia, CUBE serves a diverse and global base of customers and partners including the largest financial institutions in the world who leverage CUBE’s platform to streamline their complex regulatory intelligence and change management processes.
Following the strategic partnership with Hg in March 2024, CUBE announced the acquisition of US-based Reg-Room in May 2024.
About Hg
Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers.
This industry is characterised by digitisation trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come. Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.
With a vast European network and strong presence across North America, Hg’s 400 employees and around $70 billion in funds under management support a portfolio of around 50 businesses, worth over $140 billion aggregate enterprise value, with over 110,000 employees, consistently growing revenues at more than 20%.
About Regulatory Intelligence
Regulatory Intelligence is a proactive, connected, and comprehensive solution that tracks and analyses regulatory changes within ~2,000 regulatory bodies and rulebooks for more than 20 countries. It enables banking, financial services, and insurance (BFSI) sectors to manage exposure to operational, regulatory, and compliance risk.
About Oden
Oden State Rules and Regulations (SR&R), Oden Policy Terminator/Sentry PT, and OdenTrack provide repositories and automated solutions for complying with state rules and regulations on the provisioning of Personal and Business Insurance in the US.

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Cayman Enterprise City Publishes Socio-Economic Impact Assessment by Economist and Leading Advisor on the Caribbean, Marla Dukharan

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The Impact of Cayman Enterprise City’s Socio-Economic Development Project Nears USD $1 Billion
GRAND CAYMAN, Cayman Islands, May 16, 2024 /PRNewswire/ — Cayman Enterprise City (CEC) has released a Socio-Economic Impact Assessment by Marla Dukharan. The report illustrates that CEC is increasing its impact by supporting higher earnings for Caymanians and is driving a shift towards a knowledge-based economy by focusing on high productivity sectors. The release by Dukharan reads, “Caymanian resourcefulness and private sector-led innovation have been the driving force behind the islands’ outstanding socio-economic success. Cayman Enterprise City underpins the next generation of Cayman innovation and dynamism.”

With an economic impact of USD $130 million in 2023, contributing just under USD $1 billion to the local economic activity in 12 years since inception, “CEC is helping the nation to diversify economically, in terms of sectors and jobs, ensuring locals have economic and employment opportunities that match the nation’s progress,” the report reads.
The CEC socio-economic development project is now home to 352 Special Economic Zones Companies (SEZCos), many of which are globally recognised institutions led by top executives and industry experts. “CEC member companies are providing high-value employment with salaries exceeding those typically found outside of the special economic zone,” said Charlie Kirkconnell, Chief Executive Officer at CEC. “The CEC community is fully invested in Cayman and the report illustrates that the CEC socio-economic development project is making a very significant impact on Cayman’s economy and community.”
“As CEC continues to grow, it continues to create significant employment and entrepreneurial opportunities for Caymanians and we encourage anyone that might be interested in finding out how they might get involved, whether as a member of the community and/or as a volunteer in our Enterprise Cayman non-profit organisation (NPO).”
77% of Caymanian-held jobs at CEC member companies, are in sectors with high social returns and increasing global demand. “By putting skills first and prioritizing learning, CEC is enabling new industries to take root,” the release by Dukharan reads.
CEC, through its Enterprise Cayman NPO, is a first-mover in private sector-facilitated education and training in the Caribbean, making it a leading force to boost youth participation in the economy. By offering training in specialised skills, Enterprise Cayman is helping to close the gap in higher education and earnings for Caymanians. “Through Enterprise Cayman we’ve set out to strategically support meaningful employment and entrepreneurial opportunities for Caymanians, by providing internship and mentorship opportunities, by hosting skill-building and career focused training, and by providing invaluable networking and community engagement opportunities,” said Kirkconnell.
In 2023 individuals took advantage of 4,226 opportunities to participate in education, training, and career development events and, since launching entrepreneurial programming in 2021, Enterprise Cayman has worked with 41 new Cayman-born business ventures. “We’re helping to develop a local talent pool that meets the demand of Cayman’s growing digital innovation and technology sectors while, in parallel, offering exciting opportunities for individuals to launch new business ventures within an innovative business environment,” said Kirkconnell.  
With CEC’s new campus and state-of-the-art facilities, Signal House, the project “holds the promise of deep, continued economic impact,” the report concludes.
To access CEC’s economic impact assessments and Enterprise Cayman’s annual reports please visit https://www.enterprisecayman.ky/reports. For more information on how to get involved and for upcoming programmes and events visit www.enterprisecayman.ky. 
Website: www.caymanenterprisecity.com LinkedIn: @CaymanEnterpriseCityTwitter:  @CEC_CaymanInstagram: @CaymanEnterpriseCityFacebook: @CaymanEnterpriseCityYouTube: @ceccayman
About Cayman Enterprise City 
Cayman Enterprise City (CEC) is an award-winning development project which consists of three special economic zones (SEZs) focused on attracting knowledge-based and specialised-services businesses to set up a genuine physical presence in the Cayman Islands. The zones included within CEC are Cayman Tech City, Cayman Commodities & Derivatives Centre, and Cayman Maritime & Aviation City. With a dedicated Government Authority, licensing fee concessions and guaranteed fast-track processes, CEC enables international companies to quickly and efficiently establish a Cayman Islands office, which in turn enables them to generate active business income within a tax neutral environment.
About Enterprise Cayman 
Enterprise Cayman is a non-profit organisation (NPO) powered by Cayman Enterprise City in partnership with Cayman Islands’ special economic zone companies (SEZCos). The organisation, which applies the Theory of Change (TOC) methodology, provides Caymanians and residents with access to high-quality learning experiences and opportunities to develop and launch new business ventures, to pursue careers within the technology and innovation sectors, and to join a dynamic network of industry professionals. Let’s grow the next generation of Caymanian innovators and entrepreneurs with Enterprise Cayman!
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FOR MORE INFORMATION:Contact: Kaitlyn Elphinstone  Email: [email protected]  

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