Of Canadian banks surveyed, 67% state that their middle-market customers are likely to use global banking products and international capabilities.

Boston, MA, January 7, 2008 – A new report from Aite Group, LLC analyzes the key trends shaping the Canadian cash management space. It examines the changing demands of customers, and explores new product offerings and online capabilities of the largest banks in Canada. The report also outlines how the Canadian banking market risks falling behind, despite having what may become the world's most efficient payment system.

Preparation for Truncation and Electronic Presentment (TECP) remains a key trend in the region, and Aite Group forecasts that 83% of the largest banks will offer corporate remote deposit over the next 24 months. However, national regulations limiting bank merger and acquisition activity have placed Canadian banks at a disadvantage to the increasingly global reach of banks in other regions. As a larger percentage of customers demand global account views and a single-customer experience, new market demands are driving banks to adopt more global strategies and offer more global product portfolios. Of the six leading Canadian banks surveyed, four stated that their middle-market customers are likely to use global banking products and international capabilities.

"Canadian banks have been successful at continuously growing their cash management revenues year after year, due to the dominance they have in their own market," says Christine Barry, research director with Aite Group and author of this report. "As this industry grows increasingly global, however, country regulations preventing mergers - as well as a failure by some of the major banks to grow their presence in other parts of the world - may hinder their competitiveness as global providers."

The report, titled "Canadian Cash Management: A Survey of the Country's Largest Banks," is the second in a series of reports on the global cash management industry, and is based on detailed surveys of the top five Canadian banks, as well as HSBC; the largest foreign bank in the region.

This 33-page Impact Report contains 28 Figures and 1 Table. Clients of Aite Group's Wholesale Banking service can download the report by clicking on the icon to the right.

Related Aite Group Research:

• The Primary Challenges and Trends in European Cash Management: The Drive Toward Cash OptimizationThe Primary Challenges and Trends in European Cash Management: The Drive Toward Cash Optimization
• Top Trends in U.S. Corporate Cash Management: Strategies for a New Environment
• Are Banks Effectively Meeting the Cash Management Needs of Middle Market Businesses?
• Evaluating the Leading Providers of Cash Management Technologies: New Strategies and a Changing Competitive Landscape

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