Liquidity concerns and the search for yield are encouraging corporates to expand their roster of cash management service providers.

The big cash management banks are confident that offering a wider range of services will enable them to maintain their market strength.

Banks say they are working hard to maintain an edge in an increasingly crowded and fragmented cross-border retail payments market.

At SIBOS, Mark Monaco, head of global payments solutions at Bank of America, pulled back the curtain on the strategies driving the bank’s leadership in an exclusive interview with Euromoney. “Success has three ingredients: people, process and technology,” Monaco shared on the bank's ability to stay ahead in an ever-evolving industry.