For any institution providing transaction banking services there are four major customer segments -- banks, corporates, investment managers and the public sector. Long the domain of a few big players, competition in the bank segment is heating up.
Banking has evolved in a way where you have to partner to succeed, said Munir Nanji, Asia-Pacific and Japan head of the bank services group at Citi global transaction services GTS. Banks realise this.
Citi, one of the region's largest transaction banks, is betting on an increased number of financial institution partnerships with the creation of a new bank services group within its GTS business. Appointed to his position only this past March,...
