New Horizons in Payments and Transaction Banking
The World Payments Report 2018 explores how the banking industry is adopting new payments models to offer new value-added services to customers, including corporate treasurers. It also analyzes the ways in which banks can come closer to their customers by orchestrating various services, leveraging emerging technologies, and suggests a roadmap for the future. The report also introduces a Payments Open Banking Assessment which highlights the state of open banking from a payments perspective across 16 selected countries.
Bank Orchestrated Ecosystem
Banks are best placed to improve customer experience by leveraging technology and their core strengths to orchestrate value-added capabilities. Over time, banks have already made significant investments in areas including core banking, access to cards and payments infrastructure, cash and liquidity management solutions, and risk management solutions. Banks can now build on the capabilities these investments have delivered by collaborating with FinTechs to offer superior and differentiated customer experience.
However, the development of the new payments landscape will not depend solely on bank-led initiatives; the financial services community, including public sector organizations, regulators, and third parties must also work with each other as well as their corporate clients to develop this ecosystem.
World Payments Report 2018
The World Payments Report 2018 from Capgemini and BNP Paribas is the leading source for data, trends and insights on global and regional non-cash payments, the key regulatory and industry initiatives (KRIIs), and today’s dynamic payments environment. It explores how emerging technologies can help banks become anchors of a new payments ecosystem and offer new value-added services to customers, including corporate treasurers.Download now