Connected Corporate Banking: Breaking Down the Silos

New report highlights $915Bn 2020 revenue pool for corporate banking - Finastra’s Corporate Banking Platform Leads the Pack

CB Revenue

This new report from Celent, exclusively available from Finastra, forecasts that global corporate banking revenue is set to grow 4 percent from 2016 to 2020, a doubling of the growth rate recorded between 2010 and 2016. The report highlights that transaction banking and commercial lending represent a $915Bn revenue opportunity through 2020, and high-performing banks have an opportunity to grab an outsized share of the corporate banking wallet. In addition, the report predicts that automation and deep digital adoption could save the wholesale banking sector between $15Bn and $20Bn.

‘Connected Corporate Banking: Breaking Down the Silos’, defines the technology banks need to comprehensively serve corporate banking customers. It also assesses vendors based on the full breadth of their corporate banking capabilities. Finastra’s corporate banking platform emerges as the broadest, most integrated suite of applications, connected on a single platform for corporate banking. The analysis covers bank requirements and vendors across cash management, trade and supply chain finance, lending and credit, digital channels and back office and accounting capabilities, including payments and loan servicing.

Patricia Hines, Senior Analyst at Celent, said, “In 2016 corporate banking made up 38% of overall operating income across 20 of the world’s largest banks. Banks that want to attract and retain this business must continue to invest in updating and enhancing their technology infrastructure while embracing emerging technology. Integration underpins this idea of ‘connected corporate banking’ and is crucial to providing the efficient services corporate clients demand and providing the platform every bank needs to differentiate their service offerings in the future.” 

Download the full report here