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April 20, 2023

Six Trends Impacting Payments Modernization in 2023

The evolving payments landscape in commercial banking is a continued area of focus for financial institutions (FIs) and vendors. Broadly described as infrastructure modernization efforts, FIs in particular are being challenged to keep up with payments volume and data integration needs, technical innovations, and the growing need for real-time capabilities. Commercial clients increasingly...

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Erika Baumann

September 29, 2022

Join Us in October for Aite-Novarica Group’s Fifth Annual Innovation in Cash Management & Payments Forum

Aite-Novarica Group’s Commercial Banking & Payments team is excited to once again meet in person on October 19th in New York City for the fifth annual Innovation in Cash Management & Payments Forum. Banks and businesses have undergone significant changes since the last time we were able to hold this event in person. As a response to the COVID-19 pandemic and new technologies,...

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Erika Baumann

January 21, 2022

Commercial Banking Top Trends 2022

Technology is changing more rapidly than most commercial banking and payments institutions can absorb. More and more non-FI providers are emerging to address the rising demand for automation and autonomy in banking services where FIs may be lacking. The dynamic this creates is one of an evolving ecosystem in which no single partner or provider is meeting all the treasury, lending, and technology...

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Erika Baumann

March 4, 2021

Frictionless Cross-Border Payments: Alternatives to Correspondent Banking

Financial services companies are finally cashing in on cross-border payments. There is more innovation and change than ever in the global payment industry. In 2014, there were only 14 local real-time payment schemes. There are now more than 60, with 20 of those networks launching in the last 18 to 24 months amid advances in payment technologies, including messaging standards and cloud computing,...

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Erika Baumann

December 17, 2020

Sibos 2020: ISO 20022 Is Still the One

While Sibos was a little different this year, what remains the same is that the payments industry is still banking on ISO 20022 to become the de facto standard of payments messaging. In an interesting session, Saqib Sheikh, the global head of the ISO 20022 program for SWIFT, referred to ISO 20022 as the next-generation standard for how entities speak to one another in payments. This simple...

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Erika Baumann