Fintech-enabled newcomers are occupying niche areas of traditional corporate bank revenue streams such as foreign exchange, payment services and cash management data provision.
Wednesday 24, April 2019 BY KUDAKWASHE MUZORIWA
IDC MarketScape said that EdgeVerve’s end-to-end corporate banking solutions are leading the corporate banking sector.
The company’s corporate banking solutions provide the corporate banking systems such as core banking capabilities, trade finance, cash management as well as treasury services, payments and commercial lending.
Sanat Rao, the Chief Business Officer of Infosys Finacle, said, “The confluence of economic and profitability concerns, evolving customer expectations, and emergence of digital disruptors is heightening the need to accelerate digital transformation in corporate banking.”