Accounts Payables / ReceivablesAutomation and connectivityBanking and service providersBig dataCapital marketsCentralisationClearing and settlementCounterpartyCredit and CommoditiesCredit facilitiesDeposit management / InvestmentDigital and Mobile bankingForecastingForeign exchangeIn-house bankingInterest ratesLiquidity and cash flowPayment cardsPayment factoriesShared service centresStraight-through processingSupply chain managementSystemsTrade financeTreasurers and CFOs
While corporates are not top of the agenda for HK's new virtual banks, the significant investment in customer onboarding could herald a new era for corporate KYC
The threat of a cyber-security breach is keeping treasurers up at night, as they increasingly engage the services of ‘non-traditional vendors’. So much so, it could stifle this growing dynamic.
Hong Kong finally plays catch up with India and China by issuing virtual bank licences. For corporate treasuries, the presence of virtual competition is set to be a boon