Jim Scurlock, senior director and assistant treasurer at Expedia, and Larson McNeil, co-head of marketplaces and digital ecosystems at J.P. Morgan Payments, told Karen Webster that the role of the corporate treasurer — especially for platform companies operating across borders — has evolved to include active risk management.
“Treasurers need to be able to act quickly and need to be able to provide business insight around balances and exposures,” Scurlock noted.
“With complex ecosystems, you have a higher number of partners than you may have historically had” in the past, McNeil said. This creates new considerations for the corporate treasury function, including management of those partners and counterparty risk.
Global marketplaces must navigate everything from pay-ins to payouts and manage the flow of funds across the platform itself, while accepting an ever-growing roster of preferred payment methods and currencies.
The new reality is underscored by the increasing digitization of the travel industry, where booking trips involves any number of destinations, routes, currencies and partners, including online travel agents, banks, FinTechs and payment…
