Declining profit margins, growing attrition and increased competition means that corporate banks have never before faced so many challenges. Banks are heavily investing to modernise all the customer touchpoints, transforming multiple siloed banking channels and legacy applications into a consistent brand experience that’s easy to use.
The treasury function has evolved over time with increasingly diverse responsibilities, while liquidity and funding for the enterprise remains the primary challenge. Treasurers need to have enough liquidity to survive significant market dislocation. Maintaining a minimum Basel III liquidity buffer is the new reality for banks.
Digital transformation impacts the way companies engage with their banks and cash management is at the forefront of this revolution. With increased focus on profitability, corporate treasurers assume a more strategic role within their organisations. Digital cash management solutions provide visibility into the financial health of the organisation.