Enhanced treasurer-banker collaboration key to unlocking further revenue streams
New technologies, centralisation, and market identification form key areas of focus for treasurers and bankers looking to drive future growth.
One of the many topics that came under scrutiny at Sibos 2013 was the symbiotic relationship and mutual dependence between bankers and multinational corporate (MNC) treasurers, as both parties attempt to cope with the ever-evolving demands of the global marketplace. Banks value reliable transaction volumes and revenue streams in the increasingly volatile economy, while treasurers expect cross-border connectivity, fair pricing and open access interoperability. Indeed, the need for closer collaboration between both parties now is even more critical as corporate treasurers seek to centralise their operations in response to initiatives such as the Single Euro Payments Area (SEPA) or Bank Payment Obligation (BPO), as well as technology advances – such as the increasingly prevalent ISO 20022 XML messaging standard.
Please login to read the complete article. If you already have an account, you can login
Categories: Cash, Treasury & Trade
, Customer Centricity
, Technology & Operations
, Transaction Banking
Keywords: Sibos 2013
, Andre Casterman
, Anita Prasad
, Diane Reyes
, Jiten Arora
, Standard Chartered Bank