AI, GenAI & Cybersecurity: What Next-Gen Treasurers Need to Know

Standard Chartered held its Next-Gen Treasury Forum in London earlier this July. The inaugural session in a series hosted by UK Client Coverage Head Alexia Williams explored treasury automation, Gen AI and Cyber security, and provided advice for future treasury leaders. Speakers Vibhor Narang (Lead, Structured Solutions, Transaction Banking) and Matt Bottomley (Lead, Client Threat Intelligence) share their key takeaways below.

Embracing technology is non-negotiable

The treasury landscape is evolving and professionals across hierarchies must get comfortable with digital tools, automation and AI-powered analytics. Learning how these technologies streamline processes and improve accuracy will set you apart and prepare you for the future of treasury.

Fundamentals still matter – but skills are shifting

While understanding core treasury concepts like cash flow forecasting, liquidity management and FX risk remains essential, there’s a growing need for analytical thinking, adaptability, and digital literacy. Upskilling in data analysis and being open to change will help you thrive as the industry transforms.

Risk management is becoming more dynamic

The next wave of treasury transformation will see greater use of predictive analytics for counterparty risk, interest rate trends, and scenario planning. It’s important for treasury professionals – especially those starting out in their career – to be proactive in understanding these tools. Being curious about how the team manages the risk will make them a valuable contributor as these analytical tools mature.

Take Ransomware seriously

Ransomware is a type of cyberattack where criminals use malicious software to encrypt systems and data, steal sensitive information, or both – then demand a ransom for its return or to restore system access. In 2025, there were 5,000 global ransomware victims, a 37% increase from the previous year. Notably, 73% of ransomware incidents in 2024 stemmed from exploited vulnerabilities and unsecured remote access, often where multi-factor authentication was not in place. The UK, targeted due to its significant global influence and high-value sectors including financial services, aerospace and renewable energy, was among the most affected, with high profile attacks targeting its retail sector.

Social engineering is one of the biggest cyber threats facing businesses

68% of all breaches include a “human” element. Attackers increasingly use deception (including phishing emails and deepfake audio/video) to manipulate employees into disclosing sensitive information, thereby gaining unauthorised access or making fraudulent transactions. Implementing a strong cybersecurity culture, including phishing awareness, robust password security and managing access to information, is key in the defence against cyberattacks.