Lost Control of Corporate Banking?

by Steve Murphy 0

It is not particularly clear that banks have lost control of corporate banking, as the article title suggests, however, making sure that roughly 50% of income remains a viable opportunity requires better delivery. The author’s point is valid with regard to various steps required for corporate banking entities to address client needs in the modern world of global operations. In summary, four areas discussed are:

Enable a hyper-connected corporate-banking ecosystem.

Focus on industry specialization.

Co-create innovative products and services.

Operational excellence through automation.

 These are certainly areas being addresses in one way shape or form, and the question becomes one of speed and effectiveness rather than exactly what to do. Banks cannot be everything to everybody and focusing on the importance of digital in core transaction delivery importance as well as fundamental risk management remain the keys to successful modern banking.

Overview by Steve Murphy, Director, Commercial and Enterprise Payments Advisory Service at Mercator Advisory Group

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