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.
Lack of standardization is one of the main reasons why API adoption has been slow in certain markets.
Liquidity concerns and the search for yield are encouraging corporates to expand their roster of cash management service providers.
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.