As one of the few relatively reliable sources of revenue in the banking sector at present, global transaction banking (GTB) is enjoying something of a renaissance. Margins may be under pressure, in line with general market trends, but banks that are actively seeking ways to differentiate themselves from competitors are finding new approaches to vie for clients.
The reasons for making operational, product and service investments in the GTB space are compelling, especially at a time when impending regulatory deadlines are forcing banks to reshape and redefine other business units, such as trade finance, which is being impacted by the key ratios being brought in under Basel III.
