In 2024, the transaction banking landscape has been reshaped by rapid innovation, evolving client demands and a volatile economic environment. From the rise of real-time payments and trade digitisation to the challenges of navigating higher interest rates and bolstering cybersecurity, it has been a year of adaptation and progress.

As global banks race to transform cross-border payments, JPMorgan leads with a distinctive dual-track approach, combining traditional rail enhancements with blockchain innovation.

A strong focus on data quality – coupled with exhaustive system testing and adherence to regulatory standards and ethical guidelines – underpins the AI-driven fraud-prevention programmes of the world’s leading financial institutions.

It has been a winding road since CEO Charlie Nunn separated out the corporate and institutional banking business in 2021 – but with a 75% revenue increase over three years and significant growth in client onboarding, momentum is gathering.

A deep dive into the forces shaping the global foreign-exchange system.

Europe’s largest stocks have significantly greater exposure to geopolitical shocks than their US and Japanese counterparts due to their international footprint, new research shows – with Germany’s DAX facing the highest risks. Should investors be concerned?

CaixaBank has by far the biggest share of Spanish banking today, but technology is bringing rapid change and new competitors. Chief executive Gonzalo Gortázar tells Euromoney how it is reimagining its sales channels to attract new business and breed loyalty.

As the high-yield market recovers and investment-grade spreads tighten, issuers are strategically navigating the evolving landscape, leveraging multi-currency approaches to optimize their funding mix. With robust demand and increased supply expected, the Asian credit market is poised for an exciting year ahead.

Manish Kohli, global head of payments solutions at HSBC, speaks to Euromoney about how client-centric innovation, technological transformation, and a strong leadership ethos are driving the bank’s edge on payments and treasury solutions.

Firms are now aggressively hiring talent to compete more effectively in the investment research arena, with the top 30 brokers adding on a combined 1,400 years of experience to their ranks. What should brokers be doing to take advantage of the new research landscape – and who will succeed in the inevitable journey towards joint payments?

Recent developments in the MTF space point to a sustained improvement in liquidity for FX options trading, with market participants finding solutions to mitigate the impact of regulation and margin requirements.

ESMA’s consultation on the criteria for establishing and assessing the effectiveness of investment firms’ order execution policies has exposed the diversity of opinion on the merits of a consolidated tape for OTC derivatives.

It’s no secret that transaction banking, particularly in the payments space, is at the forefront of innovation and rapid transformation. To keep pace, banks must act swiftly, remain agile, and prioritise the end customer’s experience.

This is a guest article by Gill Lofts, EY global sustainable finance leader.

Amid Citi's global restructuring, which brought the bank's treasury and trade solutions and securities services under the same umbrella, Shahmir Khaliq, Citi's head of services, explains how ever-changing client needs are the driving force behind the bank’s evolution.

JPMorgan Chase’s huge tech spending is renowned in banking. Euromoney speaks to the firm’s chief data and analytics officer Teresa Heitsenrether about how the bank is using large language models differently from other banks, and what the future holds for generative AI.

At SIBOS, Mark Monaco, head of global payments solutions at Bank of America, pulled back the curtain on the strategies driving the bank’s leadership in an exclusive interview with Euromoney. “Success has three ingredients: people, process and technology,” Monaco shared on the bank's ability to stay ahead in an ever-evolving industry.

In the face of considerable competition from other payment options, card issuers have recognised the need for a digital, frictionless, secure and cost-efficient solution.

The Global Foreign Exchange Committee will sit down to discuss its proposed changes to the FX Global Code next month in the knowledge that market participants are broadly supportive of its proposals.

Owning a sports team was once a guaranteed way either to lose money or to make a little by spending a lot. Today, the world’s wealthiest people are snapping up elite franchises, backed by an army of wealth managers, data experts and investment bankers. Ivo Voynov, global head of sports finance at Citi Private Bank, explains what turbocharged sports finance, and why it is such an important and profitable business for global private banks.

Citi’s US $25 billion direct lending programme with Apollo has turned heads for its size and scope. It’s a major part of Citi’s new push to grow ancillary earnings such as cash management, in an era when regulators are curtailing banks’ ability to deploy risk in areas like leveraged finance. As big banks everywhere seek new ways to work with private credit, Euromoney reveals how this landmark tie-up will work in practice.

Despite the challenging commercial operating environment in Hong Kong over the past year, Sun Hung Kai Properties (SHKP), as one of the biggest developers in Hong Kong, has maintained relatively robust business performance thanks to its prudent financial management, high-quality properties and services.

Hong Kong’s largest developer by market capitalization, Sun Hung Kai Properties (SHKP) achieved stable profit growth amid a pressured commercial environment.

Despite the challenging real estate market, Sun Hung Kai Properties (SHKP) has still been able to maintain a stable profit scale, and a series of residential projects launched by the firm has allowed it to out in a significant performance in residential development during the research period.

Relying on its sufficient cash reserves, ultra-low debt ratio and many rental properties, Sun Hung Kai Properties (SHKP) has demonstrated its resilience during the downturn in the real estate market during the past year.

Sun Hung Kai Properties’ High Speed Rail West Kowloon Terminus project in Hong Kong, slated for completion in 2025, stands as the developer’s most prominent mixed-use project.

Sun Hung Kai Properties (SHKP) has exhibited robust financial performance amid challenging conditions in the global residential market.

Sun Hung Kai Properties (SHKP), a leading Hong Kong-listed developer since 1972, has had an incredibly strong review period. The developer’s projects over 2024 led to sales surpassing HK$37.5 billion ($4.9 million). As of 30 June 2024, SHKP subsidiaries Hong Yip Service Company and Kai Shing Management Services managed over 293 million sq ft of residential and non-residential floor area across Hong Kong and the mainland.

With the election of Donald Trump as the next US president, the future of financial regulation and its impact on the country's equity markets has become a key focus for industry participants. After years of SEC-driven regulatory crackdowns, the new administration could now turn the tide – which many believe may supercharge the US equities market.  

With a robust capital base, DBS has a strong ability and deep lending capacity for the capital-intensive real estate industry and has successfully completed significant transactions in the market to meet clients' needs while proving its strength in complex transactions during the research period.