Connect, Comply, Compete

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CLICK HERE TO TAKE THE 2023 COMPETITIVE PAYMENTS & BANKING SURVEY YOURSELF 
 

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About Bottomline

Bottomline makes business payments simple, smart and secure for businesses and financial institutions, of all sizes, all over the world. More than 10,000 corporate customers, 1,400 commercial and business banks, including 15 of the top 25 global banks, rely on our industry-recognized payment and software platforms to accelerate digital transformation in a complex world of business payments and financial management. Bottomline solutions touch customers and payments in 92 countries across six continents. Our teams serve the world from primary locations in the United States, the United Kingdom, Switzerland, Israel, India, Australia and Singapore. Bottomline is a portfolio company of Thoma Bravo, a highly respected software-centric private equity firm with $120 billion in assets under management. ​​​​​​

Bottomline financial technology helps banks and non-bank financial institutions transform for future needs, and those of their business customers, across the business payments and cash lifecycle through key capabilities including:   

Financial Messaging: Securely communicate, reconcile, and manage the data in financial transactions within, and between banks and non-bank financial institutions, both locally and internationally.

Digital Banking: Leading digital commercial banking experience for businesses of all sizes to drive payments & cash management, delivered through the banks that serve them—including 17 of the top 50 US banks. End users expected to originate in excess of $4 trillion in payments in 2023.

Cyber Fraud and Risk Management: Trusted, smart global Cyber Fraud & Risk solutions for insider-employee Fraud, payments fraud, and risk case management.

Transitioning from on-premise to SaaS

Bottomline’s Universal Aggregator IQ addresses challenges for corporates, banks, financial institutions, and governmental organizations by providing a seamless, single access point to multiple payment networks, systems, and infrastructures.

The Universal Aggregator IQ is a first-of-its-kind, configurable solution offering unrivaled global reach, flexible and secure integration with back-office environments and compliance with all technical and regulatory requirements.

Cloud-based financial messaging - a single point of access to multiple payment networks

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ISO 20022 – The Road to ISO Native

ISO 20022 provides the standardisation needed for interoperability between traditional and new cross-border channels and the abundant availability of rich data and related (artificial) intelligence allows us to route payments intelligently and to choose the right channel for each transaction, whether it is to drive new coverage in markets or currencies, or to optimise the execution in existing markets. The impact that the richer data will have on fraud monitoring & compliance, cash-flow management and data and analytics provides justification enough for the immediate adoption of ISO 20022 Native to be front and centre of any bank’s roadmap.

What is after ISO 20022 Podcast Find out More

Driving real-time payments innovation 

The pace of change in payments globally has never been so dramatic and exciting with the roll-out of new regulatory mandates by the EU Commission for SEPA Inst, SIX, and the National Bank of Switzerland SIC IP phase one and two initiatives, FedNow releasing clear guidelines and Pay.UK set to announce updates for NPA.

Real-time payments are simply ‘table stakes’ for corporate customers with the adoption of real-time payments globally is ranked in the top ten as one of the critical drivers of change across businesses, with 75% of organisations also having a need to make international payments according to the Bottomline 2023 Business Payments Barometer. Put quite simply, if you don’t offer it to end customers and corporates, then they are more than likely going to rethink their relationships with your financial institution and switch. A fact that banks have recognised with 55% of banks and FIs said adopting new payment rails, such as real-time payments, was their top priority over the next 12 months in our 2023 Competitive Banking Survey for Banks & FIs. The good news is that real-time payments represent a real revenue opportunity that will only grow as banks find new ways to leverage it.

As global business continues to expand, so too does the volume of cross-border payments. The value of worldwide cross-border payments is estimated to increase from almost $150 trillion in 2017 to over $250 trillion by 2027, equating to a rise of over $100 trillion in just 10 years according to The Bank of England. The combined research of Aite Noverica Group and McKinsey & Company predicts that revenue for cross border based on transaction & FX fees will rise to an estimated $261B by 2025. Finally, McKinsey have also said that Asia’s cross-border revenues, in particular, have been a key contributor to the region’s ongoing payments growth, increasing by an average of 6 percent annually from 2011 to 2019, and are predicted to make a steady recovery after the initial Covid-19 decline.

The key solution comes in the form of multi-lateral platforms that enable global payments through a single connection. For transactions between participating banks it offers an enhanced customer experience at a reduced cost and with security and efficiency through tokenisation, governance and rich data. Optional foreign exchange and same or next-day settlement in multiple currencies allow for true innovation and more choice.