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Digital transformation

World payments report 2023

Where is the cash? Accelerate corporate cash management transformation to build value

Banks and payment services firms need to rebalance their focus between retail and commercial payments to maximize value, and a one-size-fits-all approach to servicing corporate clients will not be successful.

  • Meet the changing expectations of corporate treasurers and provide them a 360-degree view of their cash for more efficient working capital management.
  • Prioritize top-down commitment, cohesive planning, and structural reforms to make transaction banking digital transformation happen, including more effective cash management services.
  • Build strategic cash management relationships with corporate clients to reduce competitor disintermediation and increase cross-sell and up-sell opportunities.
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Key highlights

Highlight 1

Expanding digital payments infrastructure fuels non-cash transaction volume growth

Non-cash volume will continue to grow at a CAGR of 15% during the 2022-2027 forecast period on the back of expanding instant payment schemes, initiatives to couple cross-country payment infrastructures, growing adoption of ISO20022, and the proliferation of new payment instruments (wallets, QR code payments, A2A payments, and more).

High costs and stressed revenues leave little room for innovation

Managing the volume and velocity of key regulations and industry innovations comes at a signification cost for banks and payments firms. Moreover, revenues are also under pressure – limiting resources for innovation.

Enterprises with ineffective cash management services are vulnerable to business upsets

On average, a multi-national corporate has more than 27 banking relationships to meet all of its treasury needs. Despite multiple banking partners, enterprise clients face challenges across the cash management value chain.

Employ a layered approach to nurturing strategic relationship with corporate clients

End-to-end digital transformation in transaction banking requires top-down commitment, cohesive planning, and a unified purpose for structural reforms. Banks and payment firms must pursue a three-layered approach to overcoming legacy barriers.

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Meet our experts

Nilesh Vaidya

Global Industry Head – Retail Banking & Wealth Management

Jeroen Holscher

Expert in Banking, Cash management, Payments

Elias Ghanem

Global Head of Capgemini Research Institute for Financial Services

Christophe Vergne

Expert in Cards and Payments

Venugopal PSV

Senior Director, Cards and Payments practice

Executive Roundtable participants

Nicolas Cailly

Global Head of Payments & Cash Management

Societe Generale

Paul Van Sint Fiet

Head of Cross-Currency Solutions, APAC

JP Morgan Chase & Co.

Wim Grosemans

Global Head of Product Management – Payments & Receivables – Cash Management

BNP Paribas

Sailesh Panchal

Director, Digital Transformation Advisory

TSB Bank

Jan Rottiers

Head of Liquidity Management Solutions for Corporates

BNP Paribas

Rachel Whelan

Managing Director, APAC Head of Corporate Cash Management & Global Head of Payments & Transactional FX Product Management

Deutsche Bank

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