Archive

Global corporate banking revenue growth to double by 2020 | B2B Marketing

Global corporate banking revenue is set to increase by 4% by 2020, double the growth rate between 2010 and 2016.

The report from fintech business Celent – which assessed the defining capabilities banks need to serve their corporate customers – also predicted that automation and deep digital adoption could save the wholesale banking sector $15-20 billion between now and 2020.

According to the report, transaction banking and commercial lending will represent a staggering $915 billion through 2020, with corporate banks making up 38% of overall operating income across the world’s 20 largest banks during 2016.

Patricia Hines, senior analyst at Celent, said: “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.”

Related Articles

This website uses cookies to ensure you get the best experience on your website. Read more about cookies policy.