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As the banking sector faces challenges from regulatory changes such the imminent impact of Basel III and increased competition from Fintechs and challenger banks, corporate customers are demanding a level of service innovation in business banking previously offered only in their personal bank accounts.
This Cashfac White Paper – Virtual Accounts: Turning Adversity into Advantage – explores how innovative technology, such as virtual accounts, is helping banks adhere to Basel III and helping empower corporate customers.
We interviewed those at the sharp end of business banking, from corporates to banks, consultants to journalists. Together they paint a picture of the challenges, but also opportunities to embrace technological change at a customer service as well as an operational level, and show how virtual accounts can enable both banks and corporates to turn their respective adversities into advantages.
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