Corporates have long been banking’s most profitable customers and banks continue to strive to provide the best service to the sector. A recent report found the global corporate banking market is expected to grow at a CAGR of 7.5% from 2022 to 2027 – presenting huge potential and opportunity.
As banks undertake their digital transformation journeys, in the corporate banking sector the objective is to enable corporates to become increasingly sophisticated in all aspects of banking, from cash management, supply chain finance, to liquidity management and much more. To do this, banks have had to undertake a paradigm shift in their customer experiences and internal processes, moving from product-centric to customer-centric, where the customer is placed at the heart of the process. And to enable and support these often complex transformations, addressing legacy technology and ever-changing customer needs, to name only a few challenges, banks are turning to their digital technology partners for the latest advanced technologies.
Padmani Koteeswaran, APAC Principal Solutions Consultant, discusses top corporate banking trends likely to be adopted by financial institutions globally in 2023.
Devising The Digital-First Strategy
Harnessing The Power of Data
Providing End-to-End Solutions
Adopting Contemporary Technologies
About the author
Padmani Koteeswaran is a Principal Solutions Consultant at Temenos in APAC, with over 18 years of digital banking solutions expertise. Padmani is passionate about helping financial institutions with solutions that bring benefits to the business and their customers as the need of the hour is a rock-solid foundation for sustainability.