November 15, 2022 – Businesses worldwide want to access new payment channels, and their tolerance for difficult onboarding experiences has grown thin. In order to facilitate greater adoption and grow sales, FIs seeking next-generation features need to offer file translation services that reduce the need for costly ERP upgrades and preprocessing capabilities that provide intelligence payment routing.

This report discusses the capabilities that would enable banks and FIs to modernize quicker, increasing sales for payment-channel-related products. It draws the author’s industry and subject-matter knowledge, and includes data extrapolated from an online Aite-Novarica Group survey of 790 employees of midsize and large corporations in seven North American and European countries (Canada, France, Germany, Italy, Spain, U.K., and the U.S.) in Q2 2022.

This 22-page Impact Report contains five figures. Clients of Aite-Novarica Group’s Commercial Banking & Payments service can download this report and the corresponding charts.