Take part in the the great open account debate – Sibos, Wednesday 1 October 12:45 - 13:45 Conference room 4 - CR4
20 August 2014
Why banks must be at the centre of connected commerce to capture the corporate banking trade credit opportunity.
Today the danger of disintermediation from corporate clients’ global value chains is increasingly real. At Sibos, Misys is hosting a controversial session that will argue the case for and against this view point.
Well known market commentators David Gustin and Jason Busch have strong views on the threat that disintermediation via open account poses to banks. Busch will suggest that incumbent banks are less relevant than up-starts (e.g., Tungsten, Taulia, Nipendo) and non-bank lenders (e.g., private equity) when it comes to financing trade today. Gustin will argue the business case for banks who can leverage relationships and transactional strength to be the glue that binds in the future of ‘connected commerce’.
Are banks at risk of losing power and influence in corporate value chains? As the scope of financial supply chain management (FSCM) grows, trade credit is the growth market. Early payment of suppliers is mushrooming. Are you missing the boat or are you well positioned to capture growth and plug into the new networks of global trade?
Save the date and join this thought provoking lunchtime session, hosted by Misys, to find out the latest innovations in the financing of corporate supply chains and how banks need to respond.
With a unified approach to client service and by leading with digital banking that delivers a single port of call for integrated working capital services, banks can bring together traditionally fragmented commercial banking services to deliver best in class, client facing corporate services.
To realise growth, global transaction banks must go beyond operational efficiency objectives to deliver consistent international service, product agility and operational scalability that can support sales and help to stay ahead of the competition, while keeping customer loyalty high.
See more information about Misys at Sibos and arrange a meeting with our leadership team and corporate banking technology specialists here.