Banking has undergone a major shift in recent years thanks to the advent and advancement of digital banking technology. This shift has also been accelerated by the COVID-19 pandemic, with lending, trade finance and cash management functions all under pressure to operate and serve in a digital-first environment. New research from Finastra has shone a light on what this means for the industry. We found that corporate banks in APAC are moving away from a model where relationship managers build relationships with corporates in order to cross-sell additional services. Instead, banks are seeking to become digitally-powered ‘platform players’ that can…
Author: Torsten Pull
Author
Torsten Pull
As General Manager (GM) for Corporate Banking, Torsten is responsible for continuing and expanding Finastra’s leadership position in the Corporate Banking space, where we are a key global provider of all of the functionality that a business requires from its bank.