The latest Trends in Transaction
Banking
survey by Misys has found that 77% of banks have
commenced consolidating their trade finance and cash management
businesses.

This represents an industry-wide trend to
reduce IT complexity and costs.

Almost half (45%) of the 120+ surveyed banks
in 45 countries said that their infrastructure consisted of
multiple core processing systems. This, according to Misys, means
that the industry still as “a long way to go before true
consolidation happens.”

Other key findings of the survey included:

  • For a quarter of banks, their top strategic focus in managing
    transaction and cash management businesses throughout the next
    three years will be to add new products and services
  • Online channel development is the top transaction banking
    priority for 43% of banks
  • 35% of banks cited simplified processes for making changes to
    payment standard and rules across all systems as their top
    priority
  • For 34%, increasing IT and system complexity remained a major
    challenge
  • 33% considered increasing regulation a major challenge
  • 25% of banks said real-time payment tracking was their top
    priority due to growing demand for real-time payment flow overview
    by corporates

 Olivier Berthier, global solutions
director, transaction banking, Misys, said:

“This is the third survey we have done in this
area and each time we have seen an increase in the proportion of
banks bringing their cash, trade and payments businesses under one
umbrella, across all regions and from banks of all sizes. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“However, few have actually successfully
integrated their online channels, back-office operations and
payments processing fully. In both the survey and our ongoing
exchanges with financial institutions, the need to reduce costs,
increase the return on capital, improve customer service, and rely
on technology as an enabler, all remain key Transaction Banking
trends this year.”