GUIDING CLIENTS THROUGH DIFFICULT TIMES PAUL CAMP & MARCUS SEHR

摘要

Banks are underpressure to generate revenue, reduce costs and mitigate risks in the recession. At the same time, investment needs have never been higher. So which is the best way forward for banks attempting to meet client demands for cash management services?rnToday, payments are the lifeblood of our globalised commercial world, affecting every walk of life from individual consumers to businesses, banks and governments, and are critical in keeping economies up and running. Most payments are not executed in physical form (cash) but via more efficient forms such as electronic transfers or cheques. And the number of transactions is increasing exponentially. According to Boston Consult-ing's report, Global Payments 2009, there were $805.1bn-worth of transactions in 2008, compared with $654.3bn in 2006, and this is forecast to reach $1400bn by 2016.