by Marc Delbaere, Head of Corporates and Supply Chain Markets, SWIFT
In this article Marc Delbaere, the newly appointed Head of Corporates and Supply Chain Markets at SWIFT, answers some key questions on the latest trends to affect corporates, including the advent of fintech companies, and explains how SWIFT can help multi-banked corporates with particular reference to the SWIFT for Corporates program.
What are some of the latest trends impacting corporates?
There is a lot going on in in the cash management industry. Overall, the business context remains complicated. First, you have low interest rates effectively putting pressure on easy returns especially as there is very little appetite for risk on the treasury. Then, as businesses grow internationally, you need to get familiar with an increasing number of regulations. On top of that, you need to cater for cyber-crime and effectively take the right cyber-security measures.
Of course, there are also ample opportunities: there is clearly a new wave of standardisation which is leading to innovation opportunities, new concepts like virtual accounts are emerging and are being picked-up on a very large scale, and new technologies like blockchain, while still at an early stage, also have a lot of potential.