TREND 6: Modern treasury management for uncertain times
Commercial banking leaders are retooling their treasury businesses to address rising interest rates and escalating macro-economic uncertainty. The power of real-time payments, coupled with rising rates, is rapidly shifting customer demands and forcing banks to swiftly retool and modernize their payments and treasury management capabilities. The modernization of commercial banking platforms has become an imperative. In response, many banks are taking their cue from fintechs and supporting their treasury management customers with advanced integration options to manage their businesses. They are giving customers access to real-time data and advisory insights and the tools to manipulate that data. Others are developing industry-specific Open Banking solutions to gain market share in deposit-rich segments. Those that are getting it right are increasing their revenues, growing their portfolios and winning valuable commercial deposits.