Growing Prominence of Transaction Banking in Asia
Asia’s leading banks have maintained strong balance sheets amid the tempest of the financial crisis, and many have embraced transaction banking as a source of predictable and balance sheet-friendly revenue, according to a new research report by Penrose Financial and Kapronasia. ‘The Future of Transaction Banking in Asia’ report identifies the key challenges for transaction bankers in the region.
Key findings include:
Zennon Kapron, managing director, Kapronasia, said: “Asia is a complex and highly fragmented region that is challenged by diverse cultures, currencies and regulatory regimes. Asian banks are certainly bolstering their transaction banking businesses, and pinning their hopes on a growth in payment revenue in this export-heavy region. Our research shows how Asian banks are starting to prepare for these challenges, and how adaption to the new world-order is key in retaining and gaining market share in a challenging environment.”