FIS launches AI-powered FIS Neural Treasury
Fintech company FIS (NYSE:FIS) today announced the launch of FIS Neural Treasury, an AI-powered suite designed to transform how treasury operations utilize technology to run their business and manage their money in motion.
The solution suite combines AI, machine learning and robotics to help corporate treasurers in business of various sizes with increasing efficiency, reducing operational risk and unlocking cash flow to help fund strategic growth opportunities.
Employing AI, machine learning, and robotics, Neural Treasury is intended to help improve mission-critical treasury functions, including:
Using the first large language model (LLM) designed specifically for the treasury industry, Treasury GPT, to support enhanced data analysis, simplified client usage configuration, policy formulation and industry best practices access
Analyzing historical data and cash flow patterns to help predict cash flows and support more precise and proactive liquidity management
Continuously monitoring transaction patterns to identify potential fraud and adapt to improve detection capabilities over time
Automating elements of liquidity aggregation, reconciliation and accounting to help treasury teams focus on strategic, value-added activities while streamlining aspects of decision-making
Giving treasury and finance executives a detailed view of treasury receivables and payables activity
“Corporate treasury departments are the financial nerve center of their organizations, but they’re too often constrained by legacy systems that struggle to meet the needs and pace of today’s increasingly complex financial landscape,” said JP James, head of Treasury and Risk at FIS. “Neural Treasury is designed to harness the power of AI to help corporate treasurers to act as strategic leaders and support their efforts to optimize important processes like cash positioning, forecasting, payment execution, risk management and more. I’m excited to share it with our clients and look forward to hearing about its impact on their wider money lifecycles.”
“The introduction of FIS’ Neural Treasury Suite represents a notable advancement for corporate treasurers,” said Kevin Permenter, Senior Research Director, Financial Applications, IDC. “As a cloud-native solution incorporating AI, machine learning, and robotics, it offers a distinct product designed to enhance efficiencies and support risk reduction efforts. We acknowledge FIS on this launch and anticipate observing its impact within the treasury industry.”
By expanding access to AI-powered treasury capabilities, FIS® Neural Treasury is intended to serve corporations across a wide range of sizes and industries. Large and mid-market firms alike can now access AI-based liquidity management and risk detection tools once only available to the largest, most complex corporations.