Banks have access to an unparalleled amount of data, and are beginning to service clients beyond traditional financing. Anonymised and aggregated spending data can help businesses make more informed decisions.
Consider a corporate real estate company that is looking to open a new shopping centre; banks could support the client with data on the most popular geographical locations based on payment propensity. Once the shopping centre is open, banks can provide information on who is shopping there – and when, and even why.
“It’s an opportunity for banks to go beyond banking, and be a real strategic partner for our clients,” said Matt Burns, Managing Director, Transaction Banking Solutions, Lloyds Corporate & Institutional, at the BAFT Europe Bank to Bank Forum 2025 in Amsterdam.
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