Over two third treasurers see a shift in bank to non-bank services
MANAMA, July 8 -- A new research from Finastra has revealed that the market dominance of banks in the delivery of corporate treasury services is under threat from non-bank market entrants. According to its survey of 380 corporate treasurers from enterprises across Europe, the Middle East and Africa (EMEA), 70 percent believe that a shift from bank to non-bank services will take place within their organizations over the next two to five years - 16 percent say this shift has already taken place.
The survey findings, presented in a new report, Digital Disruption Comes to the Corporate Treasury, reveals that corporate treasurers are considering using non-bank service providers for a wide range of core services including payments (71 percent)...
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