international-banking

Vocabulary Word

Definition

'International banking' refers to banking activities that occur across different countries. It involves banks from one country providing services to customers or other banks in different countries.

Examples in Different Contexts

In corporate banking, 'international banking' involves providing multinational corporations with services like foreign currency accounts, international payment processing, and trade finance. A corporate banker might explain, 'Our international banking services help companies minimize the risks associated with currency fluctuations and international transactions.'

Practice Scenarios

Tech

Scenario:

Imagine needing to send money to another country. What features would you want in a financial app to make this process easier and more efficient?

Response:

Integration with reputable international banks for secure and swift cross-border transactions would be an invaluable addition to our application.

Sustainability

Scenario:

Our organization has made a commitment to sustainable investment. It's essential we partner with financial institutions that share our vision.

Response:

We should ensure our banking partners adhere to the principles of responsible international banking, investing only in sustainable projects globally.