Transaction Banking Academy
  • Home
  • In-House Courses
    • International Cash Management Workshop
    • Supply Chain Finance
    • A Day in the Life of a Corporate Treasurer
    • Other Courses
  • Tutors
  • About
    • Directors
    • Testimonials
  • News and Resources
  • Contact

Competition rises in Transaction Banking, says Celent

18/2/2013

0 Comments

 
Transaction banking is a growth area for banks, with volumes rising steadily. This is generating intense competition in transaction banking services among regional and local banks as well as global incumbents. In a survey-based study by Celent and sponsored by NTT Data Getronics, Trends in Transaction Banking: A Global Survey, Celent finds that banks are racing to enhance product and service menus; automate processes and increase straight-through processing (STP); and build regional—and global—operational and technology platforms to support their business.

Asia is a particular focus because over half of the international trade in this region is between countries within Asia itself. The high proportion of intraregional trade is providing opportunities for the local banks operating in Asia, where global banks might not have a granular presence, and driving them to enhance their transaction banking capabilities.

“Transaction banking is a stiffly competitive business, with even smaller local banks investing in cash management capabilities,” says Neil Katkov, PhD, Senior Vice President, Asia for Celent and coauthor of the report. “The banks that succeed in meeting new client requirements will improve their competitive positioning not just in their home markets, but relative to the global players as well.”
Picture
“After the global financial crisis, corporates have changed their behavior and are increasingly focused on risk and liquidity management,” adds Axel Pierron, Senior Vice President of Celent’s Securities & Investments Practice and coauthor of the report. “This is creating opportunities for banks, and intense competition in transaction banking services.”
0 Comments



Leave a Reply.

    Sign up to receive our newsletter
    Make sure you hear the news about new courses and other developments in transaction banking by signing up for our newsletter
    SUBSCRIBE

    Categories

    All
    Cash
    Letter Of Credit
    Loc
    Open Account
    Payments
    Regulation
    Risk
    Swift
    Trade Finance
    Transaction Banking
    Working Capital

    News & Resources

    We welcome submissions from educational and commercial organisations, subject to our content guidelines. You can get a monthly update straight to your inbox by signing up below.

    SUBSCRIBE

    Archives

    July 2018
    July 2017
    June 2017
    November 2016
    September 2016
    January 2016
    December 2015
    November 2015
    August 2015
    March 2015
    June 2014
    April 2014
    March 2014
    January 2014
    September 2013
    August 2013
    April 2013
    March 2013
    February 2013
    January 2013
    October 2012
    August 2012
    June 2012
    May 2012
    April 2012

    RSS Feed

Transaction Banking Academy is a trading name of Adaugeo Media Ltd. © Adaugeo Media Ltd 2020.  
Administrative contact: admin@transactionbankingacademy.com ​
Privacy Policy (GDPR)
Picture
  • Home
  • In-House Courses
    • International Cash Management Workshop
    • Supply Chain Finance
    • A Day in the Life of a Corporate Treasurer
    • Other Courses
  • Tutors
  • About
    • Directors
    • Testimonials
  • News and Resources
  • Contact