Boston, November 18, 2020 – Business and corporate customer demands continue to evolve, and expectations for flexibility, speed, and integration within and across digital channels and external systems are on the rise. Because many banks have failed to quickly respond and broaden their capabilities, a growing number of bank customers are seeking help from fintech partners to overcome key challenges, placing banks at risk of disintermediation. But Bank of the West invested in a new treasury management platform and enterprise payments hub to enable an enhanced digital experience for information reporting, fraud prevention products, and enterprise digital payments.

Aite Group’s Impact Innovation Awards are designed to recognize and celebrate innovation achieved by financial institutions leveraging technology to surpass the status quo. Award recipients are leading the industry by identifying and implementing new products, capabilities, or levels of automation and effectiveness that are bringing our industry one step closer to next-generation banking.

Clients of Aite Group’s Wholesale Banking & Payments service can download this 11-page Impact Brief. To learn more about the topic covered in this Impact Brief, please contact us at [email protected].

This report mentions Infosys.