Asia Is the New Battleground for European Transaction Banking
During the last decade, transaction banking in APAC grew 17% compared with 2% in EMEA and 5% in the Americas. This high-level of transaction banking has made the region particularly desirable to European banks. Who will look to break into the region and buy market share to grow their business by capitalising on the trade war between China and the US.
Corporates in Asia are looking to diversify away from US and Asian banks to avoid being caught up in this ongoing trade war. Marcus Hughes, Head of Strategic Business Development discusses how APAC will be the heart of transaction banking for some time.Read article