THE WORLD OF cash management for financial institutions (FIs) is among the most dynamic in transaction banking. The non-contractual nature of the business and the technological and financial sophistication of the client base ensure that it is an effective bellwether for the broader mood of the financial services industry. Notwithstanding the current market turmoil caused by concerns about sovereign debt in Greece and elsewhere in Europe, its mood has, in part, improved from a year ago when the financial crisis remained fresh and painful.
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