White-labeling gains momentum
Global correspondent banks are increasingly developing propositions for in-sourcing, says Dianne Challenor, financial institutions cash management product head for Citigroup in Asia.
An increasing emphasis on profitability is driving banks in Asia-Pacific to look for new ways to increase revenues whilst decreasing or maintaining the same level of expenses. White-labeling is an option banks are considering to help them decrease expenses and grow revenues through providing leading edge products and services to their customers.
The discussion on white-labeling is one of the factors driving the trend towards a new relationship model. The correspondent banking model is losing its attractiveness due to the...
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