Wrap Up: East & Partners’ Open Market Briefing
(19 January 2018 – Singapore) East & Partners 2018 Asia Open Markets Briefing brought together fellow bank, risk, financial technology and strategy professionals to present key growth opportunities and challenges as expressed by C-Suite executives.
This unique "voice of the customer" perspective was highlighted as a valuable insight by attendees, aligning demand side data with competitive positioning benchmarks and major drivers of critical market share and wallet share trends.
The latest research based insights for global Corporate Fintech investment, UK growth forecasts implications for banks and Asian transaction banking and payments analysis were presented by East & Partners analysts from Australia, the UK, and Asia. Taken from over 75,000 direct interviews with CFOs, corporate treasurers and businesses owner, the research provided attendees a helicopter view of the latest trends impacting their business units and Asia’s banking and finance industry as a whole.
Martin Smith, Head of Markets Analysis E&P Australia said, "From direct interviews with the Top 800 revenue ranked corporates globally, the data confirms the emerging view that business banking markets are at an inflection point as regulatory changes guide decision making among large corporates. Risk and compliance, Big Data and IoT are prioritised as areas they demand more from their institutional banks.”
Sangiita Yoong, Analyst at East & Partners Asia added, “We see payments as an essential touch point to foster customer engagement and satisfaction, and provide financial institutions with the opportunity to expand wallet share. To meet the demands of corporate treasurers, banks need to focus on providing relevant data and business analytics, including detailed transaction and invoice information, alongside end-to-end payments tracking.”
Nick Dowling, Lead Analyst at East & Partners Europe said, “The opportunity for Asia as a direct result from Brexit combined with the highly confident sentiment of UK importers and exporters cannot be ignored. These ‘events’ are becoming more frequent, helping to drive increasingly dynamic global trade and Asian banks need to take the opportunity UK business is presenting it with.”
East & Partners will be holding an Open Markets Briefing in Sydney, with a limited number of seats available. To register for the event, click here.