Digitalisation, the rise of nimble fintechs, and rising client expectations in an increasingly competitive world, are creating new pressures on the transaction banking industry in Asia Pacific. Banks today, whether local or global, must evolve or fall behind.
In a three part video series produced by The Asian Banker, Nancy So, Managing Director and Head of Institutional Cash Management Asia Pacific at Deutsche Bank, joins the heads of leading local transaction banks BDO Unibank, PT. Bank Mandiri, Maybank, Canadia Bank, and China Merchants Bank, to share her experience and expertise on recent trends in the region, and how the transaction banking industry should now respond.
Banks that wish to stay ahead of the game, must commit themselves to increasing the speed, transparency and data richness of payments in Asia Pacific. They must also continue to invest in and deepen their collaboration with tech-savvy fintechs and other banks to further streamline the payment process. However, for So, one constant will remain in this sea of change – the importance of the correspondent banking model.
To watch the videos please click on the chapter below:
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