As we move into 2023, look for financial institutions to take a more aggressive approach toward commercial payments and cash management and make overdue investments to modernize their infrastructure. The goals: Cater to commercial customer demands and deliver a B2C-like experience.
Bottomline, a leader in intelligent engagement solutions for businesses, has compiled industry research from respected third-party sources, government data, and our own industry experience and analysis to produce this market outlook report. Within the report, explore:
Why the lines between commercial and consumer banking continue to blur
- The monetization of payments data
- The reality of real-time payments
- How open banking will change institutions’ value proposition for corporate and small and mid-sized business customers
- The acceleration of financial institution and fintech collaboration
By 2025, over $100 trillion in payments will be transacted globally, from $84 trillion in 2021.
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