How regulation is constraining Asia's bank peformance: Survey
Asia-based financial institutions’ are struggling to cope with escalating regulatory demands and this is having a negative impact on their ability to manage clients' needs, according to new research on the technological state of Asia's transaction banking divisions.
The implications of this trend were laid bare in a survey jointly conducted by CorporateTreasurer and Broadridge Financial Solutions, a global fintech company: if banks can’t adapt to change in Asia they will lose business.
However, all is far from lost. Banks have the opportunity to capitalise on a host of new technology solutions available that can make processes more efficient and transparent, and address the key challenges identified in this survey.
Cash management executives require the time and freedom to focus on what they are good at – managing cash and payments effectively. As regulatory compliance absorbs ever more intellectual effort, it is increasingly important to know how to ensure that the “front end” of the business is performing optimally.
To read the full report and survey results, please click HERE