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2021 Payment Trends Guide: What Corporate Clients Want From Their Bank

Blog post from MongoDB

Post Details
Company
Date Published
Author
Steve Jurczak
Word Count
901
Company Posts That Month
13
Language
English
Hacker News Points
-
Post removed?
No
Summary

The payments industry is shifting towards data monetization, with corporate clients seeking value-add services and banks looking for ways to leverage their payment data. The push for ISO 20022 standardization is driving investment in modern database design and cloud technologies, enabling banks to offer improved services and differentiate themselves from competitors. Consolidated real-time data and single-view dashboards are the most sought-after payments services by finance executives, with over half relying on partners other than their lead bank for cash forecasting and cash visibility. Banks have opportunities to justify additional fees by offering value-added services through enriched third-party data sets and partnering with other organizations.

Trends Found in this Post
Trend Post Mentions Total Month Mentions Posts Companies MoM
Real-time 6 1,155 290 91 +44%
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