# Banks learn how to profit from the transaction banking gold rush at annual iGTB Oxford School Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2018-03-06 Category: BANKING Category URL: https://financedigest.com/category/banking Meta Title: iGTB Oxford School of Transaction Banking: Opportunities Meta Description: Join us at the iGTB Oxford School of Transaction Banking to explore the booming industry while learning to overcome challenges in the digital era. Tags: featured Tag URLs: featured (https://financedigest.com/tag/featured) URL: https://financedigest.com/banks-learn-how-to-profit-from-the-transaction-banking-gold-rush-at-annual-igtb-oxford-schoolhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd060318-1-2-1736842934331-compressed.jpg) _Third iGTB Oxford School of Transaction Banking confirms the opportunity but highlights key pitfalls._ **“** Roll up for the transaction banking gold rush!” was the rallying cry as 60 senior transaction bankers from across the globe convened for the annual iGTB Oxford School of Transaction Banking, hosted by corporate banking technology specialist Intellect Global Transaction Banking (iGTB). The continued acceleration of digital transformation was high on the agenda, and, with the world’s financing gap currently estimated at US$1.5 trillion, speakers and attendees alike sensed that corporate demand and banks’ ability to supply are on the cusp of peaking at the same time. But the many practical [case studies](https://www.financedigest.com/demand-from-retail-food-and-beverages-sector-to-account-for-over-70-of-refrigerated-display-cases-sales-study.html "Demand from Retail Food and Beverages Sector to Account for over 70% of Refrigerated Display Cases Sales: Study") and the taught Maturity Model highlighted key elements that need to be executed to achieve the results. Following on from last year’s event, the course’s special curriculum, design by **Andrew England, Strategy Director, iGTB** – whose [aim is to teach “how to run a successful and profitable](https://www.financedigest.com/ab-inbev-aims-for-core-profit-growth-of-4-to-8-over-medium-term.html "AB InBev aims for core profit growth of 4% to 8% over medium term") transaction banking franchise” –  found itself oversubscribed once again. And the lucky few that were able to attend returned excellent feedback.  _“The School imparts a huge amount of practical knowledge for banking professionals looking to build a successful transaction banking franchise,”_ says **David Salter,** **Head of Structured [Trade Finance](https://www.financedigest.com/trade-finance-the-small-brush-to-paint-the-big-picture.html "Trade Finance: The Small Brush to Paint the Big Picture") Products at RBS.** This year, the event was again led by **Ted Roosevelt Malloch, CEO, The Roosevelt Group** and unearthed a number of practical considerations for [banks looking to capitalize](https://www.financedigest.com/be-simple-in-bank-capital-bank-of-england-tells-global-regulators.html "Be simple in bank capital, Bank of England tells global regulators") on the opportunity. A key consideration was identifying and addressing the challenges and limitations surrounding [digital transformation](https://www.financedigest.com/can-ai-supercharge-your-banks-digital-transformation-strategy.html "Can AI supercharge your bank’s digital transformation strategy?") – with new obstacles emerging at the same rate as new capabilities. These included being aware of hurdles that come with transitioning to fully-fledged [product management](https://www.financedigest.com/geometric-progression-based-on-digitization-to-be-witnessed-by-reproductive-management-products-market.html "Geometric Progression based on Digitization to be witnessed by Reproductive Management Products Market") organisations, being cognizant of internal culture and business decision-making processes, as well as understanding how to “fail fast” in order to innovate quicker. The need to work more closely with – and learn from – retail banking partners was another dominant theme, as was a reinforcement of the key mantra of client-centricity. **Kamal Shurbaji, Head of Corporate, Gulf Bank** commented:  “The time spent at Oxford surrounded by bankers from all over the world as well as contributors and presenters with impressive and relevant experience had an incredible value in providing real cases based on real experiences with real results.” In addition to the course curriculum and activities, a host of high-profile speakers addressed those in attendance, for example **Lord Stephen Green,** [former Chairman and CEO of HSBC Group](https://www.financedigest.com/wagamama-owner-restaurant-group-names-former-cadbury-executive-ken-hanna-chairman.html "Wagamama-owner Restaurant Group names former Cadbury executive Ken Hanna chairman"), provided a whirlwind tour of geopolitics and economic realities across the world, outlining both risks and rewards on the immediate horizon – with a particular focus on the role of bankers in global trade flows. With [insights from industry](https://www.financedigest.com/badminton-shoes-market-industry-insights-trends-and-forecast-up-to-2031.html "Badminton Shoes Market: Industry Insights, Trends and Forecast up to 2031") veterans, the course enabled participants to test their own models in practical exercises using “Design Thinking” principles. These provided optimal solutions to key transaction banking challenges, while the overall course also shed [light on how the industry is impacted by factors such as marketing](https://www.financedigest.com/industrial-lighting-market-estimates-the-market-to-expand-at-around-6-6-cagr-from-2021-to-2031.html "Industrial Lighting Market Estimates the market to expand at around 6.6% CAGR from 2021 to 2031"), digitalisation, innovation, economics, and executive attitudes. **Manish Maakan, CEO of iGTB, Intellect Design Arena** said: “Once again, we have [received overwhelmingly](https://www.financedigest.com/cable-wood-drum-market-to-receive-overwhelming-hike-in-revenues-by-2019-2027.html "Cable Wood Drum Market to receive overwhelming hike in Revenues by 2019-2027 ") positive feedback from this year’s attendees, rating every session at an average 88%, and who are now swelling the growing, powerful and active alumnus group who support each other in their endeavours.  As we continue to enhance and refine the course content, and gather some of the most respected [figures in the industry](https://www.financedigest.com/poly-cotton-fabric-market-detailed-analysis-of-current-and-future-industry-figures-till-2020-2030.html "Poly Cotton Fabric Market Detailed Analysis of Current and Future Industry Figures till 2020-2030") under one roof. Transaction [banking is a core banking service](https://www.financedigest.com/the-gmp-cell-banking-service-market.html "The GMP Cell Banking Service Market") – and one that has never been more relevant. Our curriculum is designed to [enable banking](https://www.financedigest.com/enabling-decision-making-success-in-the-banking-industry-3-considerations.html "Enabling decision-making success in the banking industry – 3 considerations") professionals to realize the potential in their organizations. We want to continue raising the profile of this business, and we are already looking ahead to [next year’s](https://www.financedigest.com/global-crypto-regulation-body-likely-in-next-year-top-official-says.html "Global crypto regulation body likely in next year, top official says") event starting on 3 April 2019, again in Oxford.” One participant and speaker, **Lisa Lansdowne-Higgins, Vice President, Business Deposits and Treasury Solutions, Royal Bank of Canada,** summed up the exhilaration the students experienced, [saying “iGTB allows banks](https://www.financedigest.com/swiss-national-bank-raises-rates-says-bank-crisis-stopped.html "Swiss National Bank raises rates, says bank crisis stopped") to dream.” --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---