Correspondent Banking Re-Inventing Itself

Correspondent Banking Re-inventing Itself
From the consumer to the institutional client - how is the rapid evolution of technology affecting correspondent banking and cross-border payments? The incumbent banks have lost a significant portion of their retail payment volumes to the non-banks. XB B2B payments is growing and account for a significant portion of the transaction banking revenue. After all payment & cash management is the number one anchor product in a corporate relationship. As disruption moves up from the mass market to the high-margin business, what are the banks' responses to retain and grow the wholesale payment space? Is the correspondent baking up for the change? What are the alternatives?
Moderator
Christian Stolcke
Managing Director, Head of Global FI and Governments, Global Payments Solutions
Bank of America
Panelists
Serge Elkiner
CEO
Yellow Pepper, a VISA Solution
Patricia Sullivan
Global Head, Institutional Cash Management
Deutsche Bank
Gloria Wan
General Manager, Confirm & Route Logic
Onyx by JPM