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 SVP and General Manager, Corporate Banking, Finastra, Torsten Pull 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.