October 16, 2012

New research released yesterday by banking solutions provider Fundtech illustrate the growing demand among corporate treasurers for integrated multi-channel banking experiences. A survey of over 200 companies - done in partnership with Treasury Strategies, a consulting firm - found that 80 percent of treasurers consider access to multi-channel banking important; and 53 percent of the respondents said that access would be important in selecting a new banking relationship.

The survey's findings indicate that the days when corporate treasurers do all their work form their desktop computers are quickly winding down. Over the next 12-18 months the number of corporate treasurers using only their computer to access banking services will drop by more than 50 percent, the study found. And during that same period the study found that the number of treasurers using multiple channels will increase to 60 percent.

The rapid growth of tablets and smartphones that has driven the demand for multi-channel banking in the consumer space is now having the same effect in the treasury services space. Treasury professionals now expect a consistent and standardized multi-channel experience from their bank, George Ravich, Fundtech's Chief Marketing Officer, said in a statement released yesterday with the survey's results. Along with the research, Fundtech also announced the release of its corporate banking solution for tablets that integrates with the company's mobile and desktop solutions.

Jonathan Camhi is a graduate of the City University of New York's Graduate School of Journalism, where he focused on international reporting and interned at the Hindustan Times in Delhi, ...