This post was originally published on Fin Extra
In a world where we have more understanding on customer behaviour than ever before, how can banks effectively modernise not just to operationally improve and save money, but to position themselves smartly and maximise their return on investment?
What are the AI and embedded finance use cases in bank payments, and why is it crucial to start preparing today?
How can banks and FIs plan SaaS platform migrations in a way that doesn’t just look at the current needs, but sets them up for future trends as well?
Corporates are further along the journey of adopting SaaS platforms and their benefits. What can banks and FIs learn from corporate treasury teams?
According to Bottomline research, 3 out of 5 banks in 2023 have a strong or extremely strong appetite to transition to a single SaaS platform to manage their payments ecosystem. It is clear that banks and FIs have accepted the value of SaaS, but that is only half the battle. Decisions taken now, as part of planning that migration, will impact their ability to capture future trends like embedded finance and AI use cases.
In order to overcome pain points and meet their objectives for
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