Latest Banking Articles
For several years, mobile contactless payments were trapped in a scenario from the film “Groundhog Day”, in as much as next year was always going to be The Year of Near Field Communication (NFC). Suddenly, two major developments have put an end to the inertia.
In this interview with gtnews, Didier Vandenhaute a partner in PwC’s corporate treasury practice in Belgium and Bas Rebel, senior director treasury advisory in the Netherlands, offer their thoughts on the market dynamics of corporate transaction banking since the 2008 global financial crisis, new market entrants and other main drivers.
Transaction banking is a key part of the core corporate banking offering; it is central to the relationship between the two parties as it is something that touches the business on a daily, if not hourly basis. As such, it is essential for every company to build a strong relationship with a transaction bank that has a strong track record.
Banks have increasingly seen competitors from outside the industry set up as alternative providers of liquidity for corporates. It is time for them to review their corporate transaction strategy and use their traditional strengths to best advantage.