The Transaction Banking Advantage
New report by BCG shows path to profitable growth
Published on 23 Oct 2012
Transaction banking businesses are facing unprecedented change. To address the challenges and opportunities that financial institutions are facing in this new competitive landscape, SWIFT has partnered with The Boston Consulting Group (BCG) on a new report, ‘The Transaction Banking Advantage - the path to profitable growth', authored by BCG.
The paper takes a close look at the following topics:
- Building Future-Proof Business and Operating Models in Wholesale Transaction Banking looks at how numerous banks are struggling to achieve an optimal balance between "design to flexibility" and "design to cost," finding themselves stuck in between.
- Profiting from Asia's Rise and from New Global Trade Flows investigates the expansion of global trade, particularly Asia's ascendance, and examines key success factors for clients that have increasingly fragmented supply chains.
- How Banks Can Take the Lead in Mobile Payments deals with the fact that hype, consumer and merchant ambivalence, and the constantly shifting competitive climate have made it extremely challenging to develop a mobile payments strategy.
- Capturing Payments Opportunities in Rapidly Developing Economies: Lessons from Brazil and India explores the rich potential of payments businesses in RDEs, possibilities driven by the migration from cash to electronic payments, by strong growth in mobile phone penetration, and by relatively young populations.
These themes will also be explored in more detail in four sessions led by BCG at Sibos 2012.
Wim Raymaekers, Head of Banking Market, SWIFT said, "Transaction banking is core to the community of SWIFT banks. This new report by BCG helps banks understand how to grow their business profitably in today's challenging environment. It is one of SWIFT's initiatives on thought leadership in 2012."