Citi predicts that there will be significant changes in corporate finance in the next 3 to 5 years, with DLT and AI playing a role.

BlockBeats news, on December 5th, Citigroup released a report discussing the future development direction of corporate finance functions. A survey found that 93% of surveyed corporate financial executives believe that there will be significant changes in corporate financial functions in the next three to five years, but more than half of them are unclear about these changes. The report points out that Artificial Intelligence (AI) and Distributed Ledger Technology (DLT) are two technologies that may drive this transformation. However, the current top priority is to improve decision data access. Two key changes are shifting from batch processing to 24/7 activity, accompanied by AI-driven automation. The report believes that the responsibilities of corporate financial executives need to expand beyond managing financial risks, cash, and funds. Given that receipts and payments will affect cash balances and are becoming increasingly real-time, they believe that digital payment channels should fall within the scope of the responsibilities of financial executives.