Expansion and change are the constants in global business. Great treasury functions turn them into an advantage. In a recent episode of the Pay It Forward Podcast by J.P. Morgan Payments, Bethany May, Executive Director, Payments Industry Advocacy, sits down with Lori Schwartz, Global Head of Treasury Services, to discuss what it takes to support multinational clients as they enter new markets, evolve their operating models, and scale cross-border payments, highlighting the firm's global best-in-class treasury capabilities in Abu Dhabi Global Market (ADGM) in the United Arab Emirates (UAE).
Lori shares why entering a new market is a long-term investment, how our globally consistent, locally relevant technology made the expansion into ADGM possible, and why free trade zones paired with in-house banks have become a powerful combination for corporate treasury centers, as seen in the firm's long-standing relationship with UAE energy giant Abu Dhabi National Oil Company (ADNOC).
She also unpacks what "cross border" really means in practice, from supply chain and business-to-business flows to e-commerce business models, and why the interoperability of cross-border foreign exchange with real-time payment systems is one of the most exciting shifts in how money moves around the world.
Looking three to five years out, Lori offers one mindset shift for treasury leaders: "Stay interested, stay humble. The technology is no longer the inhibitor of what we can do. It will be our creativity and our willingness to embrace the technology to move the industry forward."
To hear the full conversation, listen to the “Beyond Borders: The Treasury Infrastructure Powering Global Growth” podcast episode here.
Pay It Forward is a podcast by J.P. Morgan Payments, for J.P. Morgan Payments, exploring the connection between the work we do and its impact on both the business and the world around us. To listen to the latest episodes, please visit this page.
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