The remittances market is too big to ignore, but with more providers entering the market and with banks struggling to respond to new regulations, how can banks stay relevant?
Latest articles from Transaction Banking
The future of mobile money
Mobile money, including banking and payments, is encroaching into the everyday life of the consumer. Monetising the business is still proving difficult, but thanks to the abundance of products available already, tangible business models are slowly emerging.
Digital wallets open up
As consumer spending increasingly moves to online, so too do payments, with digital wallets becoming embedded in the payments culture with the aim of making online transactions both convenient and secure.
Turkey's banks embrace the digital generation
In Turkey, banks have stopped talking about alternative delivery channels. They consider all channels – including branches, ATMs and mobile – a core business, and this rise in digital banking is spurring competition and, as a result, innovation.
Will mobile NFC ever take off?
Near-field-communication technology for mobile payments has seen huge investment and been much feted, but is yet to take off in the mainstream. What will it take for consumers to take to this new way of paying for their purchases?
Getting personal: the big business of mobile marketing
Personalised and location-based marketing tactics could be a catalyst for higher usage of mobile payments and could, in turn, unlock new business approaches.
Offshore renminbi business gathers pace in Taiwan
Taiwan's rising prominence as an offshore renminbi centre reached a milestone earlier this year when the Bank of China opened a clearing bank in Taipei. But with Hong Kong, and to a lesser extent London and Singapore, already working as offshore renminbi hubs, where will Taiwan fit in?
Opportunities remain amid growing challenges for FX
Foreign exchange trading volumes were down in 2012 and the cost of operations is rising, but there are signs that 2013 will be a more promising year for banks with the right offering.
'Abenomics' puts the yen on alert
A new prime minister and Bank of Japan governor, both apparently working in concert, could signal sustained weakness for the yen. But there are some tough psychological barriers to breach.
Regulators unclear on FX clearing
Bankers are still uncertain how far new clearing requirements in the EU and US will affect foreign exchange, but they are moving ahead with extending market infrastructure in any case.
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