In the last decade the banking industry has seen several significant changes. However, one aspect of corporate banking that hasn’t seen any transformation is ‘Account Analysis’. This whitepaper developed by Arizent Research and American Banker and sponsored by SunTec makes a case for the urgent transformation of regular account analysis statements using technology. Learn how your institution can unlock hidden and overlooked opportunities to better serve your corporate clients through an upgraded account analysis function.
KEY STATS
- 97% of banks say they are looking at addressing market pressures to improve corporate banking services
- 60% of banks cite real-time account balance information as a crucial service to corporate customers
- 36% of commercial bankers said that their modernization of the Account Analysis statement lags behind other
processes
Some key aspects and findings that are addressed in this whitepaper are:
- How banks are managing evolving market pressures
- Connected and efficient account analysis unlocks a range of opportunities for commercial banks
- A transformed account analysis function holds enormous untapped potential with a special focus on areas like Environmental, Social and Governance (ESG)
- A modern account analysis process helps prevent revenue leakage and enables better management of the partner ecosystem