Boston, January 18, 2018 – The shift away from check payments is forcing businesses of all sizes, but especially the biggest ones, to look for more efficient ways to receive payments. Creating an integrated receivables environment has, therefore, become a high priority for many financial institutions. But for most, the journey is just beginning.
This report explores bank strategies and goals around integrated receivables, their progress to date, and the key drivers for their initiatives. It is based on an October to November 2017 Aite Group survey of executives at 21 of the 50 largest U.S. banks ranked by total asset size. It is the first of a series of reports covering this space, and a second report highlighting corporate customer expectations can be accessed here.
This 17-page Impact Note contains seven figures and three tables. Clients of Aite Group’s Wholesale Banking & Payments service can download this report, the corresponding charts, and the Executive Impact Deck.