Finastra reveals corporate bank priorities for 2025

SourceSaudi Gazette
SectorFinancial Services
CountryMiddle east

DUBAI, UAE — Research from Finastra, unveiled at its flagship (virtual) industry event – Finastra Universe – shows changing priorities for corporate banks and their customers over the next five years. It reveals that corporate banks are moving away from the traditional ‘relationship builder’ approach of client interaction and management (where they build wider banking relationships with clients to cross-sell additional services) towards being ‘platform players’ that offer value-added services and can deliver real-time execution.Torsten Pull, SVP & general manager for corporate banking at Finastra said, “The pandemic has brought the future forward, forcing banks to adapt their operations in lending, trade finance and cash management, and accelerate digital transformation.“To thrive, these organizations must change their business models, adopting new infrastructures that support the journey towards digital, end-to-end, platform-driven corporate banking. We wouldn’t expect this shift to remove the role of the relationship manager, rather digitization enhances their ability to access insightful data for quicker decision making.”The research, which gauged the views of over 700 heads of relationship, technology and product across more...