The wholesale payments marketplace has been and is still witnessing significant change and a key strategy that Datamonitor believes banks should be adopting is that these firms should be taking an enterprise-wide approach.
Scope
Cost-cutting remains a key driver for payments re-engineering efforts.
Wholesale payments risk management remains a key priority for banks.
Enterprise payment strategies have had limited uptake thus far.
Increasing number of banks will acquire 'payments tzars' in near future.
Highlights
As banks come to grips with the shifting payments landscape, they must take an enterprise-wide approach to payments driven revenue in order to be able to lower their cost base, protect wallet share, increase customer loyalty, provide and develop profitable products and operate in a way that supports and furthers risk management practices.
Reasons to Purchase
Vendors can tailor their offerings by assessing and analyzing which wholesale payment strategies are currently either in place or taking shape.
Solution providers can better align their go-to-market strategies with banks' payments strategies.