Banks expand cash management radar
Extension of such services to capture smaller firms partly reflects tighter competition in transaction banking
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Singapore
BANKS are more aggressively extending cash management and other transaction services that are better associated with large multi-national firms, to smaller companies - a move that partly reflects tighter competition in transaction banking.
This also comes as smaller firms are rising in the ranks themselves, building their South-east Asian operations with Singapore as the regional base, and starting to demand such services.
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