April 11, 2023 – The solutions highlighted in this Q1 2023 report aim to operationalize data to increase efficiencies and improve user experiences by going back to the basics—payments, core processing, and cash management—but with new capabilities and better workflows. These vendors are emblematic of broader trends shaping commercial banking in the coming year: core replacements, API connectivity, renewed attention on commercial cards, embedded lending functionality, and the maturing of sustainability products and services.

The Commercial Banking Fintech Spotlight is a series of quarterly reports that look at select emerging fintech vendors active in the commercial banking and payments space. The spotlight series provides insight into interesting vendors with strong, unique selling points and innovative approaches as partners or competitors. This report profiles the following fintech firms: Center, CHARM Solutions, ecolytiq, FPS GOLD, and upSWOT.

Clients of Aite-Novarica Group’s Commercial Banking & Payments service can download this report.

This report mentions Credit Karma, Emprise Bank, First Southern National Bank, Mobilize Pay, QuickBooks, Rabobank, Republic Bank of Chicago, Salesforce, SAP, Square, Tomorrow Bank, and Vancity.