whitelabeling-gains-momentum

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 cost of managing multiple relationships and the lack of real benefits for both sides. Banks increasingly want long-term partnerships with their correspondent banks where they gain more from the relationship than just the lowest price....
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