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.
Through the power of digital payments, treasurers will not only eradicate human-errors, but they can be confident that the source of their data is reliable and brings long-term strategic benefits.