Description: The article is about bank of the west login. The author explians how Bank of the West ease the uncertainties that have plagued international financial markets for most of the last decade and how they relieve that complexity.
2016 hasn’t exactly been the best year for easing the uncertainties that have plagued international financial markets for most of the last decade. A reliable international banking partner can relieve some of that complexity. What are the challenges that you see businesses wrestling with today?
They have a lot of challenges. They probably have more challenges than they’ve had in the last 20 years. We see the changes in the geopolitical, political, regulatory and technology. There are various dimensions that create a level of complexity for businesses.
How it translates depends on what you want to do, what your strategy is, and where you are. You have to have a global, you have to have a regional and local view, you need to understand what you can simplify over the various levels.
The idea that you can be global means that you are dealing everywhere in the same way. I don’t know if it can be possible, but it’s clearly less possible than ever before. How can a reliable international banking partner help smooth out some of these complexities?
It requires more work to make it simple. Companies need to have a trusted partner that knows you and knows how you’re organised and helps support the strategy and the execution of the company worldwide. This requires a strong suite of products such as the cash pooling and international transaction and treasury services, but it also requires intelligence.
Intelligence in the various countries can provide the proper implementation of those great products. The support of bankers on the ground will allow you to think globally and act locally, and to find the best solution that is available in every market in conjunction with your overall global strategy.
How do you have those conversations? How is Bank of the West set up to facilitate that close client relationship you need in order to understand the business and translate that into a strategy for them?
That’s a great question, because it’s the dialogue between the various bankers. With the various levels of responsibilities on the company’s side, you have a regional treasurer talking to a banker who will be able to know and coordinate regionally the various bankers on the ground.
We have a setup called OneBank, it is a network of bankers and products that allows a company headquartered anywhere in the world to be supported in their operations both regionally and locally.
I am going to give you an example, banks talk about international treasury services products, they have to support their customers internationally. It’s critical to have a seamless, competitive product to allow companies to monitor and transact their balances and execute their transactions internationally.
But beyond that, you may want to set up a regional treasury in Europe when you are the US company. How do you do that? You have to deal with the various treasurers and treasuries of your various businesses. You need a bank that has bankers and treasury services consultants that can go at every level of your company to advise and implement.
You need to allow as much as possible a mirroring of skills and knowledge with the skills and knowledge and responsibility level on the company side.
Businesses need to innovate in order to thrive in new markets, how do your San Francisco connections help businesses on their digital transformation journey? We’re probably better placed than most, we are headquartered in San Francisco, we are part of the ecosystem.
We are part of an open innovation approach, we bring start-ups and innovations that we trial with our customers. For a long time, banks function were how to have the quickest execution on your foreign exchange transactions. There are some innovations coming in, what kind of hedging do you want?
You have some innovative software put into the systems of the customer to identify and manage on a daily basis and immediately get the hedge that is needed as soon as it is identified by the system, depending on the rules the company decides.
We’re going into an end-to-end in a very automated way. We are going in a way where you need less day-to-day human intervention. You’re going to humans, they are the best to define the strategy and what you want, you lend the execution to be precise and to be immediate.