Top Trends in Corporate Banking 2013

by Robert Mancini, January 23, 2013
Industry Trends
Asia-Pacific, EMEA, North America

Abstract

With the increase of regulatory pressure and weak economic performance in 2013, banks will make decisive selections on their go-forward business lines and align their products and services accordingly.

In the report Top Trends in Corporate Banking 2013, Celent examines a number of trends across commercial banking throughout Asia, Europe, and North America gathered from our analysts. Celent found the following global priorities: regulatory imperatives, evolving products, and a frictionless customer experience.

The economic and regulatory environment continues to inflict financial pressure on banks’ performance. The increased capital costs toward regulatory compliance will have banks re-examine their “go forward” core business lines. The changes that have taken place, and that continue to occur in the coming years, may require banks to work even more closely with their corporate clients and partners to avoid disruptions to their strategic roadmap. As a result, banks will need to make difficult decisions on which lines of business to support, outsource, or sell.

“The financial sector is undergoing fundamental changes because of globalization, technological advances, and regulatory changes,” says Robert Mancini, Senior Analyst with Celent’s Banking Group and author of the report. “Banks will need to take an offensive approach to turn compliance investments into revenue-generating opportunities.”

This report summarizes the top trends in corporate banking for 2013. The report introduces important initiatives underway which will transform banking services in the years to come.

This 42-page report contains 15 figures and six tables.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is part of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America (Boston)
Tylor Tourville
ttourville@celent.com
Tel.: +1 617 424 3284

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)208 870 7875

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81.3.3500.3023

Table of Contents

Executive Summary

1

Regulatory Imperatives

3

 

Riding the Wave of Regulation

3

 

SEPA: The Beginning of the End, Or the End of the Beginning?

5

 

Liquidity: Challenges and Opportunities to Come

9

Evolving Product

12

 

Remote Deposit Capture Becomes a Replacement Market

12

 

Remote Cash Capture Solution Space Heating Up

17

 

Cash Management for SMEs in China

20

 

Bank Payment Obligation Gaining Steam

22

 

Digitalization of the Relationship with the Customer

25

Frictionless Customer Experience

27

 

It’s Time to Overhaul Multifactor Authentication

27

 

Banks Are Struggling with Cash Management Portal Development

28

 

The Convergence of Online and Mobile Banking

29

 

Streaming On-Boarding and Administration

31

Back to the Future

32

Leveraging Celent’s Expertise

34

 

Support for Financial Institutions

34

 

Support for Vendors

34

Related Celent Research

35

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