The Modern Corporate Banker
Globalization, market fluctuations and digital disruption have changed today's corporate banking landscape—and there is no turning back.
Banks need to address the corporate banking infrastructure at an enterprise level to extract greater efficiency, increase speed of execution, and allocate capital more efficiently.
Improving the underlying infrastructure will also allow the bank to offer a faster turnaround time in processing requests while becoming more adept in handling the relentless pace of regulatory and business demands.
To facilitate adoption of emerging technology, corporate banks are increasingly adopting an open architecture platform. Going on an open platform with standardized technology allows for quick scalability, greater efficiency, and faster time-to-market.
Banks will be equipped to:
- Achieve enterprise-level administration and visibility of global credit limits, collaterals, and utilizations. This enables the bank's journey into real-time exposure management.
- Gain insight through consistent dataset as relevant for various stakeholders, including executive management, credit sales team, relationship managers, underwriters, midoffice, back-office, legal, risk, and IT.
- Improve operational efficiency by automation.
- Straight-through processing of critical functions and processes to enable lean staffing and greater business volume.
The modern corporate bank should offer a comprehensive digital service, a consistent, coordinated experience across channels, and an integrated client view across the client lifecycle.
To achieve this stage of customer servicing, the commitment to overhaul the corporate banking infrastructure must start now.