The January 2023 Aite-Novarica Group report identifies 10 trends in commercial banking and payments, driven by the need for real-time capabilities, ESG-focused products, and deeper ERP integration. Competitive advantages are emerging from improved onboarding, virtual account offerings, and embedded lending. While fintech funding is tightening, demand for AP automation is growing. Business travel payments are rebounding, though innovation is limited. M\&A activity remains strong, boosting IT spending and cross-sell opportunities, as banks and vendors adapt to evolving client needs and seek sustainable growth.

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