Global Finance Magazine - Transaction Banks Add Value With Data

Fintech and automation are critical to growing transaction-banking services in the era of Big Data. Faced with more-demanding corporate clients in a multibank environment, transaction banks have invested millions of dollars in creating a seamless technological experience by integrating their banking platforms with those of their corporate and institutional clients. Treasurers want real-time visibility and control over their cash and liquidity, to minimize external borrowings, effectively manage working capital and maximize returns, according to Chet Kamat, CEO of Oracle Financial Services Software. "It is critical to have systems that not only effectively manage and monitor transaction-based liquidity but also help corporates project their positions based on future cash flows," he says. "Treasurers are looking for an integrated system that makes it simple to monitor positions across multiple geographies, with multiple banks, and that eases reconciliation between bank systems and corporate systems."