Treasury Technology Debt: The Hidden Costs of Yesterday's Decisions

In this episode, Paul Galloway and Craig Jeffery discuss treasury technology debt, the hidden burden created when legacy systems and infrastructure continue to work but increasingly limit flexibility, security, and future capabilities. They explain how treasury teams can assess technology and identify where outdated tools create the most drag, and how to prioritize upgrades without trying to replace everything at once. The discussion also covers ISO 20022, APIs, AI, cloud-native architecture, interoperability, and why treasury should regularly review its technology stack to maintain a practical runway for future change.

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Timestamps:
00:00 Introduction
01:16 What is treasury technology debt?
02:45 Common forms of technology debt
04:28 How outdated technology impacts treasury
06:44 Identifying and prioritizing technology debt
10:25 Payment standards and ISO 20022
11:31 Reducing technology debt strategically
14:15 APIs, interoperability, and modernization
15:40 Building a sustainable technology roadmap
16:31 Final thoughts
16:48 Outro

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