A new report from Aite Group, LLC analyzes the key trends shaping the Asia-Pacific cash management space.
It examines in detail how different banking infrastructures, regulatory environments and customer demands are affecting the cash management activities of various Asia-Pacific countries. The report also considers how technology can be and is being used to achieve greater success in the cash management space.
Part of a series of reports on the global cash management industry, this report is based on surveys of 12 tier-one and tier-two banks within the region. It finds that 83% of the banks surveyed consider growing cash management revenues to be of great importance to their bank’s overall success.
However, a number of factors, including increasing customer demands, growing foreign and domestic competition, and regulatory pressures, make achieving success in this region a challenge.
“Banks in the Asia-Pacific region must continue identifying opportunities to leverage technology that addresses current and future customer demands. Customers in some markets are only beginning to demand sophisticated cash management services, but the economy throughout the region is expected to continue growing at a rapid pace for the foreseeable future. Cash management banks implementing technology today will be well positioned to adapt quickly to meet customer needs tomorrow,” says Judson Murchie, analyst with Aite Group and co-author of this report.