Corporate banking digital transformation has been talked about far less than retail banking transformation or consumer fintech, but the impact in terms of revenues and cost savings have been immense. The report looks at the current digital transformation underway across products and segments in traditional corporate banking including payments, cash management, liquidity management, corporate lending and accounts.

We observe how the transformation of individual products and segments into digital products is now underway and quickly shifting to transformation of use cases and multi-segment areas like virtual accounts, embedded finance, working capital and intra-day liquidity management. We also look at sustainability as a key area of growth of corporate banking services.