The era of digitalisation is well and truly here. Banks have been investing heavily in digital innovation for several years, to the point where digitalisation is no longer a differentiator. The devil is in the detail and the key is doing things a little differently, being a little more disruptive. At UniCredit Global Transaction Banking, we provide a comprehensive digital offering, built from the ground up for – and with – our clients, from SMEs to multinationals, to meet their Trade Finance, Cash Management and Working Capital needs. It’s an approach we've doubled down on since the pandemic accelerated the urgent need for effective digitalisation.
Previously, clients would call their bank to warn of an unintended overdraft position; today they call if they want to leave more money than usual on their account. Koral Araskin, liquidity manager in Deutsche Bank’s institutional cash management division, explains how regulation has affected the liquidity management landscape and why there is no one-size-fits-all approach to deposit optimisation.
The potential of blockchain to transform traditional banking processes has generated much enthusiasm over the past year. Deutsche Bank’s Paula Roels, head of market infrastructure and industry initiatives, and Bradley Lonnen, market management, institutional cash management, look at the current state of play around adoption, and blockchain’s applicability to correspondent banking.
Cybercrime is not a new threat but the attacks and ‘precise targeting’ by fraudulent parties are becoming more sophisticated. Marcus Sehr, global head of client management and sales for institutional cash management at Deutsche Bank, highlights the seriousness of cyberfraud and the need to foster awareness, and outlines the steps the banking community should take to defend the financial system’s integrity.
The retail payments space has witnessed a great deal of innovation over the past few years. To date, this has not been matched on the wholesale side. Christian Westerhaus, global head of product and strategy, institutional cash management, at Deutsche Bank looks at how developments on the domestic retail side are influencing client expectations in wholesale payments and assesses the steps the industry is taking to enhance the cross-border payments experience.