Transaction banking is also particularly attractive in the current economic context because it often has relatively low regulatory capital requirements.
[4] Transaction banking solutions like account aggregation, real-time cash flow visibility, and automated payments enable businesses to optimize their working capital.
Additionally, bulk payment processing and streamlined trade finance procedures can generate cost savings.
[6] Transaction banking offers a range of risk management tools such as letters of credit, guarantees, and fraud prevention services.
[8] Repetitive tasks like data entry, reconciliation, and fraud detection are increasingly being automated using machine learning algorithms.