Cash management is being transformed by better data, automation, and AI, giving treasurers greater visibility and control than ever before. But faster tools haven’t eliminated the fundamental constraints: liquidity risk, credit risk, settlement cut-offs, and the need for certainty still dominate real-world cash management decisions.

This session explores what has changed in modern cash management—and what has not. It examines why money market funds remain a key source of liquidity despite technological advances, and how emerging trends such as tokenization could improve speed, access, and efficiency without eliminating the need for robust risk management.

Rather than focusing on technological hype, the discussion links today’s cash management realities with tomorrow’s operating models, helping treasurers distinguish genuine progress from false disruption.