Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 7th August 2025.

From mobile wallets to real-time reconciliation and in-app fraud reporting, the evolution of corporate card programmes is changing travel and expense management for treasurers. Innovation in the card space is driving better visibility, stronger control, and a more seamless experience for employees worldwide. But what does that mean in practice? Three experts give us the lowdown.

Recorded live at the SAP for Treasury and Working Capital Management Conference in Rome, Eleanor Hill (TMI) sat down with Mickey Ben Moshe (Teva Global Treasury) to discuss Teva's global transformation and the wider working capital and supply chain landscape.

Mickey reflects on Teva’s shift to a cash-sensitive organisation, highlighting how treasury played a key role in reshaping the company’s financial culture. He also explores treasury’s influence in driving operational excellence, the rising importance of working capital on the CFO agenda, and how SCF tools are helping to unlock liquidity.

Robin Page (TMI) is joined by Evaldas Balkys (The Baltic Treasury Association) to explore the rapid evolution of treasury in the Baltics. Evaldas shares insights into the rise of dedicated treasury teams, the influence of generational change, and how startups are shaping new expectations for the industry in the region.

Our guest explores the current knowledge gaps in Baltic treasury and why the timing is right for a dedicated association. Evaldas shares the vision behind Baltrea, its key initiatives, and how it aims to support treasury professionals looking to connect, grow, and shape best practices across the region.

In today’s evolving Greek financial environment – where access to liquidity remains a key concern for many companies and capital efficiency is essential for competitiveness – corporate finance teams are increasingly exploring alternatives to traditional shareholder remuneration models. One such approach gaining renewed interest is the script dividend: the distribution of dividends not in cash but in the form of newly issued shares.

Recorded live at the SAP for Treasury and Working Capital Management Conference in Rome, Eleanor Hill (TMI) caught up with Moritz Platt (Google Cloud) to explore how the Google Cloud Universal Ledger (GCUL) is helping regulated industries streamline payments and modernise treasury operations.

They unpack treasury tech myths, vendor noise, and transformation failures—offering insights on data readiness, smart tech selection, and why innovation shouldn’t be sacrificed for perceived safety.

Recorded live at the SAP for Treasury and Working Capital Management Conference in Rome, Eleanor Hill (TMI) catches up with Tinatin Biganashvili (Zalando) to debunk some common misconceptions around leveraging treasury technology.

Tinatin shares her candid views on tech selection, avoiding transformation pitfalls, approaching data dilemmas, and why there’s no perfect solution, only smarter, more realistic approaches to innovation.

APIs have often been cited as one of the most useful among the recently developed tools for treasurers, but are they really delivering? We look at current and future use cases, obstacles to adoption, and what exactly treasurers need to do in order to extract the most from this technology.

ESG is increasingly a core part of doing business today, and many corporates have established programmes to ensure they are meeting the related requirements of all stakeholders. Here, we explore how ESG can successfully be made part of daily treasury life.

In today’s unpredictable environment, shipping treasurers are no longer reacting to isolated financial risks, they’re dealing with fast-moving geopolitical events that shape liquidity needs, funding structures, and even the availability of credit.