Cash management has changed. Not only as a result of the economic downturn, but also as a result of myriad other reasons: the increasingly global nature of business, great leaps ahead in technology and an ever-evolving regulatory environment. To be an effective transaction banker in 2010 requires an entirely different set of qualities than just five years ago. It might not exactly be a job that will win awards for its glamour and mystique, but it is a job that has become increasingly critical to all banks and businesses in the new, post-Lehman world.
The financial services industry has entered an age of supposed 'conventional banking'. Traditional fee generative, stable businesses within banking that produce stable revenue flows are the order of the day.
