Over the past 3-5 years, we have seen a paradigm shift in the global payments environment that is challenging the traditional processes of transaction banking and is dramatically accelerating the pace of payments.
There are three megatrends in play today - globalization, global cross-border commerce and demographic shifts - that contribute to this shift and are driving innovation and subsequent changes to the transaction banking model.
- Shift in global payments environment today presents challenges to traditional processes of transaction banking and has accelerated the pace of payments
- Three converging factors – globalization, global cross-border commerce, and demographic shift - drive the pace of change in global payments today
- What does this mean for corporates and the systems in which they have invested?