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INSIGHT


Crossing Borders: Navigating the New Reality of International Transactions

Tags

  • Asia
  • China
  • Economy
  • Trade
  • Transaction Banking

 

Mark Evans, Managing Director, Transaction Banking, ANZ   |   April, 2017

 

________

 

Free and open trade has been a key driver of Asia’s development and the events in the US and Europe will not reverse the trend towards greater integration.

           

We have entered a period of heightened volatility and uncertainty, but there is no need to panic. President Trump does not have the ability to completely turn the global tide. Free and open trade has been a key driver of Asia’s development and the events in the US and Europe will not reverse the trend towards greater integration.

If there is one aspect of banking that is ripe for technological disruption, it’s cross-border transactions.  But don’t expect an ‘Uber-style’ revolution, but rather a gradual evolution. Cooperation and collaboration are the watchwords. Everyone needs to travel in the same direction to reach the ultimate goal of easier cross-border transactions.

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