HSBC’s strategic push to Asia promises explicit investment in transaction banking platforms and lending rates set to undercut existing lenders*, but the shift will be far less substantial than presumed.
Basel III proposals requiring banks to report intra-day liquidity will severely stifle correspondent relationships, but the infrastructure could be valuable to companies.
ANZ has hired Gresham Computing to help launch a new cash management suite. It's only available in Australia but the bank hopes to roll it out to Asia-Pacific clients within a year.