The state of the global economy is continually debated, but for transaction bankers at least, one measure of the strength of the economy is the level of customer traffic and demand for services. With this in mind, Kevin Brown, head of global product management for Royal Bank of Scotland, says that transaction bankers have reason to be optimistic. He perceives the current mood in the transaction banking industry to be one of “practical optimism”.
Developments in the eurozone are being paid particular attention by bankers around the world, and transaction bankers are no exception. “There is a lot of focus on the eurozone, not just around the economies in the eurozone, but the challenges in terms of the euro currency. From a transaction bank perspective, that means looking at how we can ensure – should there be changes in the future – we are able to continue to support our customers through those changes,” says Mr Brown.
