Providers facing shrinking margins because of regulatory and competitive pressures have been forced to eliminate products that differentiate their payment services (rewards, cash back, etc.) or add revenue to their payment lines of business.
Goals and Objectives
To find new sources of revenue and differentiation for moving money, financial institutions will need to add value to the transaction (i.e., offer additional services such as access to credit, access to data, or faster settlement).
New settlement platforms, blockchain, and Big Data and analytics
Use Case Summary
Financial institutions will offer retail and corporate customers access to additional services (e.g., faster settlement, risk mitigation, access to transaction data) on top of money movement at a premium.