Latest news with #corporateBanking
Globe and Mail
07-07-2025
- Business
- Globe and Mail
SMBC Americas Hires Nick Stevenson to Lead TMT Corporate and Investment Banking
The Sumitomo Mitsui Banking Corporation (SMBC) Americas Division today announced that Nick Stevenson has joined the bank as Group Head of technology, media, and telecommunications (TMT) corporate and investment banking (CIB) as SMBC continues to grow and diversify its Americas business. A managing director based in New York and reporting to CIB Co-Heads Stephanie Bowker and Yoshiyuki Natsuyama, Nick will focus on expanding the bank's TMT business and leading a team of bankers covering SMBC clients across the space. Nick brings over three decades of experience in CIB to SMBC, including 24 years at RBC Capital Markets, where he most recently served as Global Head of media, communications, and entertainment investment banking. Prior to that, he spent 10 years at Bank of America and Citi. His extensive industry knowledge and experience will strengthen SMBC's growing CIB business. 'SMBC's commitment to growth in corporate and investment banking in the Americas is a key pillar of our global strategy,' said Richard Eisenberg, Co-Head of Coverage and Capital Markets, SMBC Americas Division. 'Nick's industry relationships and deep knowledge of the TMT sector will continue to enhance our client franchise.' About SMBC Group SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 150 offices and 120,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and ADRs on the New York (NYSE: SMFG) stock exchanges. In the Americas, SMBC Group has a presence in the U.S., Canada, Mexico, Brazil, Chile, Colombia, and Peru. The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Americas Holdings, Inc., SMBC Nikko Securities America, Inc., SMBC Nikko Securities Canada, Ltd., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd. (collectively, SMBC Group Americas Division). For more information, please visit
Finextra
08-05-2025
- Business
- Finextra
why it's time to redefine client onboarding
There are still a lot of inefficiencies in KYC. What are the main challenges banks are facing in the client onboarding process? How can banks redefine their onboarding procedures to create a faster and more efficient process? How does streamlining the onboarding process help banks to fuel an overall more effective customer lifecycle management (CLM)? Collecting the right data from the start is more important than ever before. How can banks leverage onboarding data at the right time, in the right place, to create revenue-driving use cases and improve compliance? In the corporate banking space, the process of onboarding new customers continues to pose significant competitive challenges. At the moment, the industry's cumbersome, manual and lengthy onboarding processes – caused by inefficient data collection, integration, and backlogs – prevent banks from starting their client relationships on the right foot. Heightened regulatory oversight is crucial in the modern financial crime landscape, but in order to effectively screen potential clients and speed up onboarding, changes to the entire process are necessary. Streamlining data sourcing and management is the first step toward onboarding excellence, and the right combination of processes, data, and automation can help banks speed up and clean up their existing backlogs. Why is redefining the onboarding process crucial now? An effective, streamlined, and smart onboarding fuels the entire CLM process – allowing financial institutions quicker compliance from the start, as well as speeding up time to revenue and improving the overall client experience. Collecting the right data right up front improves security, operational efficiency, and helps banks build better customer profiles. Register for this Finextra webinar, hosted in association with NICE Actimize, to join our panel of industry experts who will discuss current onboarding challenges, how banks can leverage data and technology to streamline the entire process, and why it's crucial to start now.
