28 February 2019:
As business clients demand better data services, banks have digitised to keep up and keep out the fintechs.
Fintechs and challengers will struggle to break into the corporate banking space as banks innovate their cash management systems and work more closely with their clients. That’s according to a panel at the Global Business Banking Forum in London, according to RFI Group figures, presented by managing director Victoria Bateman at the event, 56% of business banking customer “show an appetite” to switch provider by the start of 2020. A quarter of those surveyed by the company stated they wanted to increase efficiency in handling their accounts, while another 20% cited a reduction in debt as a major priority. 54% of those studied by RFI Group used online banking services at least once a week.
Read the full article on Bob's Guide here: https://www.bobsguide.com/guide/news/2019/Feb/27/banks-strengthen-corporate-services-to-tackle-fintech-threat/