How Integration Enables Innovation

Firms Hope To Win With Receipt Data Solutions but Implementation Issues Abound

Nearly three-quarters of firms believe that receipt data–powered innovations attract new customers. “Meeting The Need For Item-Level Receipt Data: How Integration Enables Innovation,” a collaboration with Banyan, surveys 351 bank and FinTech executives to explore why — and how to overcome barriers to this innovation.

Inside the January Report
  • 48%: Portion of FIs that consider data standardization to be required when using item-level receipt data
  • 22%: Share of firms that say ML/AI is needed to use receipt data to build digital receipt functionalities
  • 46%: Share of FinTechs that believe integrating receipt data into their existing loyalty and card-linked offer programs is their most difficult challenge

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