The cash management world is changing fast. Beset by increased competition, a constantly evolving set of regulatory requirements and a somewhat unsteady global economy, life as a transaction banker is very different from just five or six years ago. Not least in the fast-paced cash management for financial institutions market.
The biggest single difference to the transaction banking landscape from five years ago might well be the relative importance to a bank’s overall operations these services hold. It need hardly be noted that this once overlooked segment is held in rather more regard than it was in the heady pre-crisis days. The so-called ‘masters of the universe’ of the investment banking world have faced increased scrutiny and criticism, coming under fire for excessive risk taking and monstrous profits.
