Top Trends in Corporate Banking 2013
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.