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Treasury Strategy

Build, Buy or Partner?

A practical framework for deciding where Treasury should develop proprietary capability and where it should use the market.

Sigrid Seibold3 Sept 20261 min readRelated: Ch. 7 — Build, Buy or Partner

Build where learning and differentiation compound. Buy where capability is becoming commoditised. Partner where ecosystem integration or specialised capability matters.

The mistake is to treat this as a one-off procurement decision. Capabilities move from differentiating to commodity quickly; the portfolio needs to be revisited.

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Personal views of the author; not the views of ING Bank or any other institution.