The August 2024 report highlights that with 97% of bank payment executives expecting revenue growth in the next 12 to 24 months, payments modernization has become a top priority. Payment hubs are seen as essential for driving revenue, improving efficiency, mitigating risk, and delivering consistent services across payment portfolios. While most large banks have adopted partial solutions, many smaller institutions are still forming strategies. Current hubs often lack full payment rail support and analytics. The push is toward cloud-native, scalable, and resilient hubs to meet evolving market, regulatory, and client demands.

Join for free to read