Foreign competitors are displacing European banks as the lead banking relationships for European corporations, especially with regard to international banking business. In 2003, foreign banks held only 39 per cent of the lead banking relationships with Europe’s largest companies. That number surged to 48 per cent last year, according to a new report from Greenwich Associates. “The importance of foreign banks is increasing in the eyes of European corporate finance and treasury officials who are finding themselves more often in need of expertise in international banking and capabilities in certain sophisticated products,” says Greenwich Associates consultant Berndt Perl. In particular, foreign banks are earning a greater share of banking relationships in acquisition and buy-out finance, tax-based products, structured trade, and pan-European or international cash management. Meanwhile, domestic banks increased their share of relationships in such products as securitized receivables, property finance, and custody services.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more