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The global demand for corporate banking has expanded considerably in recent years, and is projected to increase with growth in economic activities and business expansions. Corporate banking is a form of business banking that provides a range of financial facilities offered exclusively to companies, ranging from global conglomerates to medium-sized regional enterprises. In addition, treasury services and cash-management functions are some of the most popular corporate banking services that are generally provided by commercial banks. Moreover, companies use these facilities to transform currencies and operate their regular funds and capital expenditures. Corporate banking facilities provide credit services & loans, commercial real estate services, business valuation, real estate research, equity, and debt structuring, and others.
Corporate companies are actively engaged in business activities to maintain financial status in organizations and these requirements are largely fulfilled by corporate banks. This, as a result has become one of the driving factors behind the market growth. However, several corporations & organizations prefer reputed banks & financial institutions over smaller financial institutions. Thus, tougher competition from major banks, FinTech disruptions facilitating alternative sources, and highly regulated environment hinders the market growth.
Conversely, Asia-Pacific region is experiencing growing economic activities, business expansions than developed markets. Such emerging countries have become target segment for big businesses and thus, creating lucrative opportunities for corporate banking sector in the region.
The global corporate banking market trends are as follows:
FinTech and artificial intelligence disruptions have an immense impact on clients and their connections with the banking sector, as the consumers demanding faster services and instant payment offerings. Thus, in order to overcome such needs &challenges, banks are partnering with Fintech companies and implementing integrated technologies such as artificial intelligence and blockchain technologies into the core banking systems. For instance, HSBC Bank, which is a major corporate banking institution, is effectively focusing on digitizing a number of its existing services as it seeks to strengthen its underlying client experience. In addition, corporate banks are using optical character recognition (OCR) tools to read PDFs and transmit data to front end systems instantly, thus increasing productivity, minimizing errors, and enhancing better U.S.er experience.
Environmental, social, and governance (ESG) refers to the three key criteria for measuring the sustainability and socioeconomic impact of a corporate & business investment. Such parameters help assess company's potential financial results easier. The main objective of integrating ESG risk factors is to execute environmental & climatic disruptions, and enhance the business model of corporate firms with lower impact environment. In addition, with lower effect on environment by business, the financing will be implemented at lower interest rates. Moreover, regulators such as the European Union, Financial Stability Board's restrictions on Europe based corporate banks have influenced banks to integrate ESG factors into their business activities.
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Questions answered in the corporate banking market research report:
Key Market Segments
Key Market Players
