Meeting The Challenge Of Payments Modernization: How Organizational Size Influences Innovation
Half Of Banks Report New Urgency To Offer Embedded Biz Payment Innovation
PYMNTS’ new “Meeting The Challenge Of Payments Modernization” report, a collaboration with FIS, reveals how FIs of all sizes are working to modernize and streamline their embedded business payments processes.
Inside the May Playbook
- 90%: Share of Fls with more than $100 billion in assets that plan to develop in-house solutions to reduce B2B payments frictions
- 42%: Portion of credit unions that are currently innovating embedded finance solutions for payment processing or plan to do so
- 23%: Share of community banks that say thinking new B2B payments solutions are useful is most helpful in driving modernization
