Current Situation
Providers facing shrinking margins due to regulatory and competitive pressures have been forced to eliminate products that differentiate their payment services (e.g. rewards, cashback, 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.
Technology Deployed
- New settlement platforms
- Blockchain
- Big Data/Analytics
Use Case Summary
Financial institutions will offer retail and corporate customers access to additional services on top of money movement–e.g. faster settlement, risk mitigation, access to transaction data–at a premium.