While today's technology makes it possible to process payments instantly, deep-rooted issues such as reconciliation, AML, compliance and FX seriously hamper banks’ abilities to evolve.
Jerome Tan, CFO of IMI explains how to manage a successful overseas acquisition, and how to conduct effective due diligence, and prevent unnecessary tax exposure.
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.