Digital Infrastructure
- 01:24
Learn about the role and importance of digital infrastructure in corporate banking.
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Glossary
Digital InfrastructureTranscript
Digital infrastructure is crucial in corporate banking from sole traders to large multinational corporations and financial institutions.
All clients expect full transparency of their bank account activities in real time.
They also expect to be able to upload data from their own accounting software directly into the bank's digital infrastructure to initiate payments and download data from the bank's digital infrastructure to reconcile bank account entries with their own accounting records.
Corporate banks need to ensure their own digital infrastructure can easily upload and download data with the most sophisticated corporate's, internal treasury, cash management, and accounting systems.
The goal of all corporate banking digital solutions is to provide end-to-end automation at the corporate's site, covering all their banking needs across various geographies.
This automation aims to make the corporate's finance team more efficient.
This is a key area for a corporate banker to understand as digital infrastructure is visible to clients and serves as the gateway for how corporate bankers earn their fee income.