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Any discussion about disruption to traditional banking models necessarily focuses on transaction banking, which has undergone seismic change in recent years thanks to new digital-based competition and breakneck technological development. It is perhaps surprising, therefore, that in the middle of such a fundamental transformation the position of the leading banks in Euromoney’s annual cash management survey remains largely unchanged. HSBC again tops the survey, followed by Citi in second place and Deutsche Bank third.
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