Re-drawing the map – The changing landscape of cross border banking and payments

Multiple forces are shaking up the correspondent banking landscape. The rise of the digital-first business, which is often global from inception; large global banks retrenching; and increased customer expectations for frictionless, lower cost international payments are coming together to disrupt a market largely unchallenged since the dawn of international trade.

This white paper, which includes insights from interviews with heads of correspondent banking, cash management and transaction banking at large and mid-tier institutions, reveals how incumbents of all sizes can remain in pole position to seize the opportunity of the industry’s gradual digital overhaul.

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