Treasury Management: Is There Anything Left to Modernize?

We recently wrapped up our investment in Onsetto — an AI-powered platform helping banks win and convert commercial operating relationships. If you haven’t seen Ethan’s write-up on the deal, it’s worth a read here.

As we dug into that investment — and spent more time around real-time payments, AI-native financial workflows, and new open banking rules (PSD3 in Europe, Section 1033 in the US) — a broader question kept coming up:

Is there anything left to modernize in treasury management?