REPORT
Leaping Forward: Scaling Digital Innovation in Corporate Banking
The corporate banking business has not seen such turbulent times in recent memory. Traditional approaches have been challenged, new windows of opportunity have opened up and incumbents and new entrants have both had their share of trials and tribulations.
Corporate banking had already been battling a period of heightened uncertainty; from geopolitical and macroeconomic conditions across regions to increased costs of regulatory compliance, and competition from new and innovative players, the onslaught seemed relentless. The tipping point, of course, was the Covid-19 pandemic that eventually pushed corporate banking into a digital adoption overdrive, recording the highest rate of digital adoption ever and resetting existing competitive advantages.