Cash management – a big puddle of cost

Running a global financial services firm is expensive, not least because of the cost of operating all the plumbing in and between banks. Cash management is a vital part of the plumbing in every firm, but executives are far more likely to focus on brokerage commissions and market data than on network management and cash management. Yet, at the heart of cash management in institutions with several entities and a global footprint, the potential savings opportunity can be in the double-digit

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