Top Trends in Corporate Banking 2013
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 (New York)
Dana Greenstein
dgreenstein@celent.com
Tel.: +1 646 364 8254
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 | |