Boston, July 25, 2018 – With investment levels in financial technology rising across North America, the subject of fintech firms and their impact is gaining attention. Much of this attention remains focused on developments within the retail financial services and payments market. But corporate and business customers’ need for modernization in payments is just as strong and increasing numbers of fintech providers of all sizes and types are turning their attention to wholesale payments innovation.
This report overviews the key drivers behind the growth of fintech firms, attitudes toward the role of fintech firms in wholesale payments, and the different types of fintech players on the market today. It is based on an Aite Group survey, conducted from April to June 2018, of 19 senior bank executives and product managers at North American financial institutions within the wholesale payments space.
This 34-page Impact Note contains 15 figures and two tables. Clients of Aite Group’s Wholesale Banking & Payments service can download this report, the corresponding charts, and the Executive Impact Deck.