Corporate payments possibilities abound
The power of today’s technology solutions—like mobile wallets, contactless systems, wearables, open AI, biometrics, cloud and more—is making payments even more essential for large businesses and small- and medium-sized enterprises (SMEs) in building process efficiency, distinguishing their products and services, better managing cashflow and growing business. Just by increasing their use of open APIs, for example, corporates can automate more of their payments and cash management from a single portal across multiple banks.
What incumbent banks can do
The reality means that banks must step up their corporate payments game to deliver the innovation that helps corporates adapt to an open, instant and invisible world. There are five key focus areas:
Corporate customers are seeking more real-time services from their banks, including immediate payments, account balances and status updates. Contact us to see how we can help.