Euromoney cash management survey 2023: Alternatives fall behind in cash management

The big cash management banks are confident that offering a wider range of services will enable them to maintain their market strength.

Only 13% of the more than 29,000 respondents to Euromoney’s cash management survey this year had used a non-banking financial provider for any cash-management service in the past 12 months, a finding that chimes with other research.

For example, the Association of Corporate Treasurers’ 2023 corporate debt and treasury report notes that alternative lenders have not firmly established themselves in the corporate lending space despite gaining traction among corporates looking for alternative providers for receivables, leasing and surety arrangements.

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